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January 11, 2024
Corporate PACs and industry trade groups steered over $108 million to election objectors since Jan. 6
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Corporate PACs and industry trade groups have given more than $108 million to election objectors in Congress who voted against certifying the 2020 election results, according to a new OpenSecrets analysis of campaign finance reports.
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Koch network ramping up political activity ahead of 2024 election
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Americans for Prosperity Action, the flagship political group at the center of an influential network founded by the billionaire owners of Koch Industries, is gearing up for the 2024 presidential election.
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Japanese steel manufacturer lobbies up ahead of fight to acquire U.S. Steel
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Nippon Steel Corporation has retained nearly a dozen lobbyists from Akin Gump Strauss Hauer & Feld to help sell a multi-billion dollar deal to acquire U.S. Steel amid federal scrutiny.
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Chart of the Week
Dive deeper into the data behind the headlines
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Former President Trump received at least $7.8 million in payments from foreign governments [[link removed]] during a span of two years while he served in the White House, according to a report released by Democrats on the House Oversight Committee.
The report, linked here [[link removed]] , cites a 2019 OpenSecrets investigation, World of Influence: A guide to Trump’s foreign business interests [[link removed]] , that explores Trumps's foreign business interests during the first two years of his administration.
OpenSecrets found Trump continued to make money [[link removed]] from properties and licensing deals in nearly two dozen countries around the world [[link removed]] , raising concerns that the administration was subject to unprecedented levels of foreign influence.
Follow the link below for an interactive graph that shows foreign influence spending during Trump's first two years in office from countries which Trump maintained business interests.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
[[link removed]] After the Capitol Attack, Companies Pledged to Rethink Political Giving. Did They? (The New York Times) [[link removed]] [[link removed]] [[link removed]] [[link removed]] [[link removed]]
Hundreds of business and trade association PACs contributed over $108 million to campaigns and committees linked to members of Congress who insisted that the election had been stolen from Trump, according an analysis of Federal Election Commission data from Jan. 6, 2021, through September by Open Secrets, a campaign finance research nonprofit. “Companies pledged to pull back, but we have not seen that play out,” Open Secrets’ investigations manager, Anna Massoglia, told DealBook.
State Democrats break off-year fundraising record as they look to make inroads in red states in 2024 (CNN) [[link removed]]
While the DLCC is excited about its growth in fundraising and the strides the party has made in prioritizing these races, there’s more to be done. “There’s still a healthy gap between the investments that we’re seeing in state legislative races and in the DLCC compared to, you know, our federal counterparts,” Williams said.
To put their budget in perspective, even a losing Democratic Senate campaign in Florida in 2022 spent nearly $80 million, according to tallies from OpenSecrets.
Revealed: Congress backers of Gaza war received most from pro-Israel donors (The Guardian) [[link removed].]
Spending can be “defensive” or “shore up support” in Congress for allies who already share pro-Israel groups’ views, said Sarah Bryner, a spokesperson for OpenSecrets, which tracks campaign finance spending and collected the contributions data used in the Guardian’s analysis. Spending can also be “offensive”, or intended to persuade a lawmaker to take a pro-Israel position, campaign finance observers and political strategists who reviewed the data said.
Bloomberg [[link removed]]
Politico [[link removed]]
CNBC [[link removed]]
Axios [[link removed]]
Cleveland.com [[link removed]]
Forbes [[link removed]]
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Daily Mail [[link removed]]
Washington Examiner [[link removed]]
Truthout [[link removed]]
MarketWatch [[link removed]]
Spectrum News [[link removed]]
Ohio Capital Journal [[link removed]]
The Nevada Independent [[link removed]]
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