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June 29, 2023
Record contributions from dark money groups and shell companies flooded 2022 midterm elections
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Federal political committees reported taking in $615 million from “dark money” groups and shell companies during the 2022 election – a new midterm record, according to a new OpenSecrets analysis of Federal Election Commission data.
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Toronto-based company accused of making illegal foreign political contributions
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The Toronto-based financing firm ECN Capital Corporation may have illegally contributed more than $100,000 to political committees from 2018 through 2022, including $53,506 to Florida Gov. Ron DeSantis’ 2022 gubernatorial campaign, Campaign Legal Center alleged in a complaint to the Federal Election Commission filed Monday.
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How abortion-related political spending has changed one year post-Dobbs
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June 24 marks the one-year anniversary of the U.S. Supreme Court’s 2022 ruling in Dobbs v. Jackson Women’s Health Organization that overturned the landmark 1973 Roe v. Wade decision — ending almost 50 years of federal abortion rights protections and spurring a patchwork system of state legislation to ban or protect abortion access.
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OpenSecrets' Chart of the Week
Dive deeper into the data behind the headlines
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The 2022 federal midterms mark the third consecutive election cycle where Democrats benefited from more dark money than Republicans, OpenSecrets’ analysis of FEC data found. That’s despite a series of failed efforts by some members of the party to crackdown on political contributions from undisclosed sources.
However, One Nation, a dark money group aligned with Senate GOP leadership, poured over $146.5 million into ads and contributions ahead of 2022 elections without disclosing any spending to the FEC — more than any other dark money group. One Nation also spent about $71 million on TV and digital ads but avoided disclosing that spending to the FEC by framing the advertising as issue advocacy, attacking Democratic incumbents without explicitly advocating for their election or defeat.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
Pelosi Exercises $2.6 Million Of Apple And Microsoft Stock Options (Forbes) [[link removed]] [[link removed]]
The couple’s only jointly controlled assets are a California vineyard worth between $5 million and $25 million and checking accounts worth less than $115,000, while Paul Pelosi also owns several multimillion-dollar commercial real estate rental properties in San Francisco. OpenSecrets estimated in 2018 the Pelosis were worth $115 million.
US dark-money fund spends millions to back Republican attorneys general (The Guardian) [[link removed]]
Paxton, who was recently impeached by the Texas house on 20 charges including bribery and other misconduct, has received more funding from fossil-fuel interests than any other sector, according to the nonpartisan OpenSecrets. Fossil fuel giants including Koch, ExxonMobil and Chevron since 2002 kicked in over $3.9m to his campaigns.
Nonprofit funded by GOP donor Thiel apparently donated to left-leaning group, records show (CNBC) [[link removed]]
The listed donation to the New Venture Fund coincided with Thiel helping Republican candidates during the 2022 midterms. He gave more than $35 million toward GOP causes throughout the two-year election cycle, according to data from the nonpartisan OpenSecrets.
The Intercept [[link removed]]
Newsweek [[link removed]]
Politico [[link removed]]
Rolling Stone [[link removed]]
Financial Times [[link removed]]
Colorado Springs Gazette [[link removed]]
Newsday [[link removed]]
KTRH Local Houston News [[link removed]]
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