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Banking Pays: Freshmen On Financial Services Committee Raise 32 Percent More Than Their Peers

By Pat Garofalo  

"Banking Pays: Freshmen On Financial Services Committee Raise 32 Percent More Than Their Peers"

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According to an analysis by American Banker, the 12 first-term lawmakers on the House Financial Services Committee (including 11 Republicans and one Democrat) “raised an average of $535,000 for their reelection campaigns between January and June,” which is “32% more, on average, than other House freshmen added to their coffers.” The analysis shows that “much of the money came from banks, insurance companies, real estate firms, and others with a stake in the committee’s work.”

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