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February 9, 2023
“Midterm spending spree”: Cost of 2022 federal elections tops $8.9 billion, a new midterm record
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The 2022 federal midterm elections cost more than $8.9 billion, blowing past the inflation-adjusted $7.1 billion spent on the 2018 midterm elections.
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ByteDance ramps up lobbying as concerns over TikTok’s China ties and data security mount
TikTok’s parent company, ByteDance, spent over $13.4 million on lobbyists since it first began lobbying in 2019.
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After U.S. scrutiny of WeChat, Chinese conglomerate Tencent Holdings spent millions on federal lobbying
Chinese conglomerate Tencent has spent $6.3 million lobbying the federal government since 2020, the year former President Donald Trump tried to ban its WeChat app.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
Major Republican Donor Network Seeks Alternative to Trump (Voice of America) [[link removed]]
“Americans for Prosperity has been one of, if not the most, influential money groups on the conservative side for the last decade and a half,” Sarah Bryner, director of research and strategy at OpenSecrets, told VOA.
FTX has chased politicians like Nancy Pelosi to return donations given before the crypto giant's collapse. They now have a deadline of February 28 to pay. (Insider) [[link removed]]
After Bankman-Fried, the former CEO of FTX's Bahamas company, Ryan Salame, donated $23 million – making him the 15th top donor in the US, per OpenSecrets.
Biden focuses on the middle as Republicans battle for their base (NBC News) [[link removed]]
$8.9 billion: That’s how much money was spent on the 2022 midterms, a record amount of money spent on midterm elections, according to an OpenSecrets analysis of federal campaign finance disclosures.
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