Wall Street-Friendly Senators Chosen to Prepare Final Regulation Bill
Saturday, May 29, 2010
             Sen. Charles Schumer
                        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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