The House Financial Services Committee Is ‘the Cash Committee’
Posted at 4:43 p.m. on Aug. 17, 2013
The House Financial Services Committee has been dubbed “the Cash Committee” by The New York Times, and today’s editorial highlights that interest groups donate more money to its members than to those of any other committee.
The editorial follows an Eric Lipton article detailing how freshmen in the House demand a seat on the panel because they can raise more money as a committee member.
The article and editorial point to Political MoneyLine’s chart of all PAC money to members on standing committees that shows the members of the House Financial Services Committee have received more than $10 million from PACs this year.
An earlier posting on Political MoneyLine highlighted how freshman Rep. Tom Cotton, R-Ark., has been propelled to attempt a U.S. Senate run after his successful fundraising from PACs as a member of the House Financial Services Committee.