REPRESENTATIVE SPENCER BACHUS (R-AL) Chairman, House Committee on Financial Services Joined committee: 1997 1 Assumed leadership: 2007

Elected to Congress: 1992 Formed PAC: 2003 Rep. Bachus served as ranking member of the committee from 2007 to 2010. During Rep. Bachus first term in a leadership position, contributions from financial services industries increased, even as his total contributions decreased. During his terms as a committee leader, Rep. Bachus has voted favorably with the industries a majority of the time. Over the past seven election cycles, as his seniority on the committee rose, contributions from the financial services industries to Rep. Bachus increased at a rate far outpacing his total contributions. Campaign Contributions from the Financial Services Sector 1998 Election Cycle $192,685 $648,464 2010 Election Cycle $1,387,900 $2,162,852 % Change 620% 234%

Industry Contributions Total Contributions

During the 2008 election cycle the first election cycle after Rep. Bachus assumed a leadership position on the committee contributions from financial services industries increased by 7% over the previous cycle, from $1,453,148 to $1,556,025. Total contributions decreased by 11% during the same time period, from $2,652,093 to $2,349,786. During the 2010 election cycle, financial services industries accounted for 64% of the $2,162,852 in total contributions received by Rep. Bachus campaign committee and PAC. During the 1998 election cycle, financial services industries accounted for 30% of the $648,464 in total contributions received by Rep. Bachus campaign committee.

Campaign Contribution highlights from industries regulated by the Committee 2 The Securities & Investment industry donated more than 26 times more money to Rep. Bachus during the 2010 election cycle than during the 1998 election cycle, increasing its contributions from $10,500 to $278,600.

CREW reviewed the online editions of the Congressional Directory from the U.S. Government Printing Offices available from the 105th Congress (1997-1998) through the 111th Congress (2009-2010). Therefore, the Congress member has been a member of the committee since at least 1997 and possibly earlier. 2 This section highlights committee industries that significantly increased their donations to the committee leader between the 1998 and 2010 election cycles.

The Finance/Credit Companies industry donated more than six times more money to Rep. Bachus during the 2010 election cycle than during the 1998 election cycle, increasing its contributions from $16,500 to $104,250. The Commercial Banks industry donated nearly three times more money to Rep. Bachus during the 2010 election cycle than during the 1998 election cycle, increasing its contributions from $74,150 to $206,800.

Votes on Financial Services Issues From 2007-2008, Rep. Bachus voted on average 56% in agreement with the industries regulated by the Financial Services Committee. The average Republican voted in agreement with the industries 51% of the time. From 2009-2010, Rep. Bachus voted on average 61% in agreement with the industries regulated by the Financial Services Committee. The average Republican voted in agreement with the industries 58% of the time. Since January 2011, Rep. Bachus has voted on average 87% in agreement with the industries regulated by the Financial Services Committee. The average Republican has voted in agreement with the industries 77% of the time

Voting history for industries regulated by the Committee 3 Rep. Bachus cast 14 votes on issues relevant to the Securities & Investment industry from 2007-2008. He voted in agreement with the industry 64% of the time. In contrast, he average Republican cast 14 votes on Securities & Investment issues and voted in agreement with the industry 53% of the time. Rep. Bachus cast 11 votes on issues relevant to the Finance/Credit Companies industry from 2007-2008. He voted in agreement with the industry 64% of the time. In contrast, the average Republican cast 11 votes on Finance/Credit Companies issues and voted in agreement with the industry 46% of the time. Rep. Bachus cast 20 votes on issues relevant to the Commercial Banks industry from 20072008. He voted in agreement with the industry 70% of the time. In contrast, the average Republican cast 19 votes on Commercial Banks issues and voted in agreement with the industry 52% of the time.

This section highlights instances during the 110th-112th Congresses when the committee leader voted more favorably on industry issues than the average party member. In some instances, committee leaders voted more often on issues relevant to their industry than the average party member.