Bank PAC Helps New Members of Congress Retire Campaign Debt

Photograph by Will Kincaid/AP Photo

Democratic candidate for North Dakota's U.S. Senate seat, Heidi Heitkamp, holds up the Oct. 20, 2012, Fargo Forum, on Nov. 7, 2012, in Bismarck, N.D. The paper had Berg leading Heitkamp in the state by ten points.

There wasn’t much of a post-election hiatus for the American Bankers Association.

The Washington-based lobbying group sent $59,500 in campaign contributions to federal candidates between Nov. 7-19, most of it to help incoming members of Congress retire campaign debts they incurred to win House and Senate elections on Nov. 6, it said today in a filing to the Federal Election Commission.

ABA’s PAC sent $5,000 each to three North Carolina Republicans on Nov. 7, including Mark Meadows and Richard Hudson, who won their House seats comfortably, and David Rouzer, who conceded Nov. 28 to Democratic incumbent Mike McIntyre after a recount.

Also getting post-election donations were Democrats John Delaney of Maryland, Heidi Heitkamp of North Dakota, Dina Titus and Steven Horsford of Nevada and Tim Kaine of Virginia  and Republicans Andy Barr of Kentucky, Chris Collins of New York, Jackie Walorski of Indiana and Keith Rothfus of Pennsylvania. Heitkamp and Kaine won Senate seats, while the rest were elected to the House.

The PAC sent $10,000 on Nov. 12 to Representative Shelley Moore Capito of West Virginia, a member of the Financial Services Committee who leads its subcommittee on financial institutions and consumer credit. Capito, who overwhelmingly won a seventh House term, announced Nov. 26 that she will run for the Senate in 2014.

Here’s a list of all donations the American Bankers Association made to federal candidates during the Oct. 18-Nov. 26 filing period, according to its FEC filing.

 

 

 

 

 

What do you think about this article? Comment below!