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Money in politics

JPMorgan Chase & Co.'s PAC funded 19 members of Congress. 10 of them are connected to the company in two more ways.

JPMorgan Chase & Co. — money, a committee seat, and the stock

First, the money: JPMorgan's PAC spread $203K across 19 members' campaigns.

Then the access: 10 of those funded members — Gottheimer, Steil, Larson and 7 others — sit on committees including Financial Services and Ways and Means, with jurisdiction over financial services.

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

And the market: those same 10 members also traded JPM — the stock of the company funding their campaigns.

The 10 members

MemberPAC $GiftsCommitteeTrades
Josh GottheimerD-NJ$40k12Financial Services2
Bryan SteilR-WI$33k12Financial Services1
John LarsonD-CT$14k8Ways and Means1
Thomas SuozziD-NY$11k6Ways and Means5
Katie BrittR-AL$10k2Banking, Housing, and Urban Affairs2
Kevin HernR-OK$10k4Ways and Means17
Roger WilliamsR-TX$9k4Financial Services1
Bill CassidyR-LA$6k2Finance2
Byron DonaldsR-FL$4k2Financial Services3
Lisa McClainR-MI$2k1Financial Services7

The other 9 also took PAC money and disclosed JPM 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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