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Bank-Rolling Congress

Bank-rolling Congress

According to our new report, lobbyists, political action committees (PACs) and trade associations tied to the banks receiving the most federal bailout money have scheduled 70 fundraisers for members of Congress since Election Day and have made $6 million in contributions

The report, “Bank-Rolling Congress,” contains Public Citizen’s analysis of fundraiser invitations collected by the Sunlight Foundation and campaign contribution disclosures that lobbyists and lobbyist-affiliated PACs are required to make to the Senate. The study was based on an examination of the 10 banks receiving the most Troubled Asset Relief Program (TARP) money and five trade associations opposing a government agency to oversee consumer financial products.