Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 17, 2014

Senatorial Campaign Committees Pay Down Debts

The campaign committee of Senate Democrats raised more than the Republicans in May, but both committees were able to make $1 million-plus repayments on outstanding bank loans from last year’s election.

The Democratic Senatorial Campaign Committee reported it raised $4.9 million and spent $4 million in May, leaving $9.6 million cash on hand, and $12.5 million in debts. The committee received $3.9 million from individuals, $409,510 from PACs and other committees, and $511,400 from other party committees. The committee made a $1.25 million repayment on an outstanding loan with Bank of America. The committee also a $34,200 payment to Soneet Kapila, Chapter 7 trustee in Miami, and a $5,000 payment to Douglas Kelley, receiver, in Minneapolis.

Selected major donors included Marc Beniof (CEO, Salesforce.com, Calif.) and Lynne $64,800; Grover Connell (president, The Connell Company, N.J.) and Patricia $64,800; Robert Meyerhoff (president, Henderson-Webb, Md.) $30,800; Sanford Robertson (private equity, Francisco Partners, Calif.) $32,400; and Larry Birenbaum (not employed, Calif.) and Jan $64,800; among others.

The National Republican Senatorial Committee reported raising $3.6 million and spending $3.7 million during May, leaving $7 million cash on hand, and $8 million ind debts. The committee received $2.7 million from individuals, $479,700 from PACS and other committees and transferred in $500,927 from other party committees. The committee spent $1.7 million on operating expenses; transferred $400,000 to the Republican Party of Massachusetts; and repaid $1.5 million of an outstanding bank loan with Wells Fargo Bank.

Selected major donors include C. Boyden Gray (founder, Boyden Gray & Associates, D.C.) $32,400; Nicholas Calio (CEO, Airlines for America, D.C.) $16,200; Mr. Urs Hoelzle (senior vice president, Google Inc, Calif.) $32,300; David Koch (executive VP, Koch Industries Inc., Kan.) $32,400; Christopher Kojima (managing director, Goldman Sachs, N.Y.) $32,400; J. Christopher Reyes (co-chairman, Reyes Holdings, Ill.) and M. Jude $64,800; and Bernard Marcus (founder, Home Depot, Ga.) $20,000; among others.

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