Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
April 23, 2014

Goldman Sachs Executives Give Rep. Eric Cantor’s PAC $68,500

Seventeen executives of a major New York investment bank all decided voluntarily to give to the same particular leader in the U.S. House of Representatives contributions of between $2,500 and $5,000 during November.

Every Republican Is Crucial (EricPAC), the leadership PAC of House Majority Leader Eric Cantor, R-Va., reported on Wednesday that it had raised $192,930 and spent $246,665 during November, leaving $447,454 cash on hand as of 11/30. The PAC received $88,300 from itemized contributors giving more than $200. The PAC received $84,000 from PACs and other committees.

The PAC spent $40,325 on fundraising consulting; $26,661 on a fundraiser; and $13,283 on payroll; among other expenditures. The PAC gave $85,000 to candidates, including $5,000 on 11/8 to Friends of Steve Stockman, R-Texas, and $5,000 to Bradley Bryne for Congress, R-Ala., among others.

Most of the money from individuals came from seventeen executives of Goldman Sachs, who contributed a total of $68,500 on four days in November.

To search detailed money-in-politics databases, visit Political MoneyLine.

  • lio

    Wow this is such amazing news. Cantor must have done something wrong. Politicians never take money from wealthy people and wealthy people never make large contributions to politicians. This has never happened before in the history of mankind.

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