Outside groups, national spending loom large in Virginia gubernatorial race
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October 28, 2021
This week in money-in-politics
Outside groups, national spending loom large in Virginia gubernatorial race
National groups are flooding Virginia with money ahead of Tuesday's gubernatorial race.
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** Millions pour into Georgia congressional races over a year ahead of the midterms
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Raphael Warnock raised more money in the third quarter than any other congressional candidate from Georgia.
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** The national Democratic fundraising effort has edged out Republicans in 2021
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Democratic and Republican national party groups have each raised over $294 million in 2021.
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** Demings and Rubio raise large amounts of money in run-up to 2022 Senate race
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Sen. Marco Rubio and Rep. Val Demings have each raised over $10 million in the last year for their 2022 campaigns.
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Cases show foreign donors secretly funnel money through straw donors, shell companies, 'dark money'
Lev Parnas' case and conviction exposed how foreign nationals keep their identities secret and curry influence with U.S. politicians.
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Big Tech, facing Congressional scrutiny, continues to flex its lobbying power
While big tech has come under scrutiny for social media’s effect on mental health, the industry spent big on its lobbying.
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Details of the money behind Jan. 6 protests continue to emerge
New details about the Jan. 6 rally shine light on coordination between “dark money” groups and the role of Trump campaign officials.
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OpenSecrets is Looking For Interns!
OpenSecrets' reporting internship program is looking for writers with political knowledge and an interest about money-in-politics for the spring semester. Intern responsibilities include writing breaking news items and longer in-depth pieces for OpenSecrets News.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
** Private equity, hedge funds accounted for over $625 million in political spending during 2020 campaign, study says (CNBC) ([link removed])
Data from OpenSecrets shows that people in the investment and securities industry combined gave more than $74 million to back President Joe Biden’s 2020 run for president, a much larger sum than what Donald Trump raised from Wall Street.
** Pharma Campaign Cash Delivered to Key Lawmakers With Surgical Precision (Kaiser Health News) ([link removed])
Sarah Bryner, research director of OpenSecrets, a nonprofit that tracks money in politics, noted several reasons Cortez Masto would pull in more money. In addition to her committee seat and competitive race, politically she’s more moderate than progressive lawmakers who have been bigger agitators against the drug industry.
** Analysis: Drug pricing reform opponents win most pharma lobbying money (Reuters) ([link removed])
Sinema, who campaigned in 2018 on cutting drug prices, told the White House she opposes allowing Medicare to negotiate them. She received about $466,000 from the industry in 2021, according to OpenSecrets data.
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4 star rating for 8 consecutive years
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