Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
CREW: Funds for Favors Report: Rep. Spencer Bachus (11/16/11)

CREW: Funds for Favors Report: Rep. Spencer Bachus (11/16/11)

Ratings: (0)|Views: 13|Likes:
Published by CREW
CREW: Funds for Favors Report: Rep. Spencer Bachus (11/16/11)
CREW: Funds for Favors Report: Rep. Spencer Bachus (11/16/11)

More info:

Categories:Types, Research
Published by: CREW on Nov 15, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
This book can be read on up to 6 mobile devices.
download as PDF, TXT or read online from Scribd
See more
See less

04/06/2012

pdf

text

original

 
 
REPRESENTATIVE SPENCER BACHUS (R-AL)Chairman, House Committee on Financial Services
Joined committee: 1997
1
 Assumed leadership: 2007Elected to Congress: 1992Formed PAC: 2003Rep. Bachus served as ranking member of the committee from 2007 to 2010. DuringRep. Bachus’ first term in a leadership position, contributions from financial services industriesincreased, even as his total contributions decreased. During his terms as a committee leader,Rep. Bachus has voted favorably with the industries a majority of the time. Over the past sevenelection cycles, as his seniority on the committee rose, contributions from the financial servicesindustries to Rep. Bachus increased at a rate far outpacing his total contributions.Campaign Contributions from the Financial Services Sector
1998 Election Cycle 2010 Election Cycle % ChangeIndustry Contributions
$192,685 $1,387,900 620%
Total Contributions
$648,464 $2,162,852 234%
 
During the 2008 election cycle – the first election cycle after Rep. Bachus assumed aleadership position on the committee – contributions from financial services industriesincreased by 7% over the previous cycle, from $1,453,148 to $1,556,025. Totalcontributions decreased by 11% during the same time period, from $2,652,093 to $2,349,786.
 
During the 2010 election cycle, financial services industries accounted for 64% of the$2,162,852 in total contributions received by Rep. Bachus’ campaign committee and PAC.
 
During the 1998 election cycle, financial services industries accounted for 30% of the$648,464 in total contributions received by Rep. Bachus’ campaign committee.Campaign Contribution highlights from industries regulated by the Committee
2
 
 
The ‘Securities & Investment’ industry donated more than 26 times more money to Rep.Bachus during the 2010 election cycle than during the 1998 election cycle, increasing itscontributions from $10,500 to $278,600.
1
CREW reviewed the online editions of the Congressional Directory from the U.S. Government Printing Officesavailable from the 105th Congress (1997-1998) through the 111th Congress (2009-2010). Therefore, the Congressmember has been a member of the committee since at least 1997 and possibly earlier.
2
This section highlights committee industries that significantly increased their donations to the committee leaderbetween the 1998 and 2010 election cycles.

You're Reading a Free Preview

Download
scribd