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Money in politics

Caterpillar Inc.'s PAC funded 7 members of Congress. 5 of them are connected to the company in two more ways.

Caterpillar Inc. — money, a committee seat, and the stock

First, the money: Caterpillar's PAC spread $78K across 7 members' campaigns.

Then the access: 5 of those funded members — Westerman, Stanton, Curtis and 2 others — sit on committees including Transportation and Infrastructure and Commerce, Science, and Transportation, with jurisdiction over industrials.

Industrials is Caterpillar's industry — and that committee is where its rules, funding, and oversight get written.

And the market: those same 5 members also traded CAT — the stock of the company funding their campaigns.

The 5 members

MemberPAC $GiftsCommitteeTrades
Bruce WestermanR-AR$24k6Transportation and Infrastructure3
Greg StantonD-AZ$20k7Transportation and Infrastructure2
John CurtisR-UT$8k2Commerce, Science, and Transportation4
Robert BresnahanR-PA$8k3Transportation and Infrastructure3
Robert WittmanR-VA$8k3Armed Services3

The other 2 also took PAC money and disclosed CAT trades — but hold no current seat on a committee overseeing industrials.

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.
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SOURCE: FEC PAC-TO-CANDIDATE CONTRIBUTIONS · HOUSE / SENATE COMMITTEE ASSIGNMENTS