Wall Street-Friendly Senators Chosen to Prepare Final Regulation Bill
Saturday, May 29, 2010
Sen. Charles Schumer
The final form of the financial regulation bill in Congress is in the hands of a conference committee that must reconcile competing versions of the legislation. Appointed from the Senate to the committee are 12 senators who have received $57 million from banks, insurance companies and real estate firms during their careers.
According to the Sunlight Foundation, Charles Schumer (D-New York) is the leading senatorial recipient on the conference committee, having accepted $16.7 million in donations. Behind Schumer is Senate Banking Committee Chairman Christopher Dodd (D-Connecticut), with $14 million, followed by Republicans Saxby Chambliss of Georgia ($3.51 million) and Bob Corker of Tennessee ($3.19 million), Democrats Jack Reed of Rhode Island ($2.92 million), Blanche Lincoln of Arkansas ($2.61 million), and Tom Harkin of Iowa ($2.53 million), Republicans Mike Crapo of Wyoming ($1.81 million) and Judd Gregg of New Hampshire ($1.07 million) and Democrat Patrick Leahy of Vermont ($637,282).
-Noel Brinkerhoff
Senators Appointed to Conference Committee Connected to Financial Industry (by Paul Blumenthal, Sunlight Foundation)
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