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Money in politics

AT&T Inc.'s PAC funded 28 members of Congress. 7 of them are connected to the company in two more ways.

AT&T Inc. — money, a committee seat, and the stock

First, the money: AT&T's PAC spread $486K across 28 members' campaigns.

Then the access: 7 of those funded members — Cohen, Lofgren, Capito and 4 others — sit on committees including Judiciary and Science, Space, and Technology, with jurisdiction over communications.

Communications is AT&T's industry — and that committee is where its rules, funding, and oversight get written.

And the market: those same 7 members also traded T — the stock of the company funding their campaigns.

The 7 members

MemberPAC $GiftsCommitteeTrades
Steve CohenD-TN$20k16Judiciary3
Zoe LofgrenD-CA$16k13Science, Space, and Technology4
Shelley CapitoR-WV$13k7Commerce, Science, and Transportation4
Jacky RosenD-NV$10k7Commerce, Science, and Transportation1
John JamesR-MI$10k7Energy and Commerce2
C. FranklinR-FL$8k4Science, Space, and Technology1
Gary PetersD-MI$6k5Commerce, Science, and Transportation1

The other 21 also took PAC money and disclosed T trades — but hold no current seat on a committee overseeing communications.

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