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Money in politics

Bank of America Corporation's PAC funded 7 members of Congress. 4 of them are connected to the company in two more ways.

Bank of America Corporation — money, a committee seat, and the stock

First, the money: Bank's PAC spread $75K across 7 members' campaigns.

Then the access: 4 of those funded members — Himes, Garbarino, McClain and 1 other — sit on the Financial Services committee, with jurisdiction over financial services.

Financial services is Bank's industry — and that committee is where its rules, funding, and oversight get written.

And the market: those same 4 members also traded BAC — the stock of the company funding their campaigns.

The 4 members

MemberPAC $GiftsCommitteeTrades
Jim HimesD-CT$36k20Financial Services1
Andrew GarbarinoR-NY$22k11Financial Services1
Lisa McClainR-MI$5k2Financial Services4
John RoseR-TN$2k1Financial Services1

The other 3 also took PAC money and disclosed BAC trades — but hold no current seat on a committee overseeing financial services.

PAC contributions are legal and disclosed. This surfaces co-occurrence of corporate donations, lobbying, and personal stock trades — not evidence of coordination or quid pro quo.

Correlative observation from public records — not evidence of coordination or wrongdoing, and not financial advice.
This page is the record as of today. The app tells you when it changes.
SOURCE: FEC PAC-TO-CANDIDATE CONTRIBUTIONS · HOUSE / SENATE COMMITTEE ASSIGNMENTS

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