AUBURN, AL- Studies performed by OpenSecrets.org have led to the compilation of the 25 wealthiest members of Congress. Below, we have listed those members, their party, the sector where they have the highest investment, and the committees they serve on.
13 members of this list are Republicans with 12 Democrats. The Senate has 7 members of this list in its body, and 18 are in the House of Representatives.
Interestingly, 19 of the 25 members on this list were elected within the last 10 years. This wave of wealth, underscores a few truths: 1) the ability to load one’s campaign with personal resources is an increasingly powerful tool for election, 2) there is an increasing frustration with politicians and the public is increasingly drawn to those who have seen success in other sectors, and 3) as with Donald Trump, the public hopes that someone with personal wealth is less likely to be “bought and paid for” by special interests.
So, why do we care who has money and who doesn’t?
Well, it’s always wise to keep an eye on those who have much to lose. At Take Back Our Republic, we advocate for reform, but we do not operate under the assumption that those candidates who raise the most money are necessarily “bad” or “worse” than those who do not. Similarly, we refuse to assume that simply because a member of Congress has wealth that they will factor their personal wealth into the decisions they make on behalf of those they represent.
It is, however, critical that we monitor both the sources of campaign cash for our elected officials and the actions taken to obtain or preserve those sources as well as the sources of personal wealth for members of Congress and any actions taken to preserve or enhance that financial position.
Another note, 3 of the wealthiest Republicans- Sen. Bob Corker, Rep. Diane Black, and Rep. David Trott- will all be exiting Congress at the end of their current term. For Type A, successful business types, Washington and its pace can be exceedingly frustrating. This phenomenon will be worth watching.
The list was obtained: http://247wallst.com/special-report/2017/11/17/25-richest-members-of-congress/.
|Member||Party||Sector with highest investment||Committees|
|#25 Rep. Nita Lowey NY-17||Democrat||Finance, Insurance, Real Estate||Appropriations|
|#24 Rep. Trent Franks AZ-8||Republican||Energy and Natural Resources||Armed Services, Judiciary|
|#23 Sen. Ron Johnson Wisconsin||Republican||Finance, Insurance, Real Estate||Budget, Commerce-Science-Transportation, Foreign Relations, Homeland Security and Governmental Affairs|
|#22 Rep. Joe Kennedy MA-4||Democrat||Communications and Electronics||Energy and Commerce|
|#21 Sen. Clair McCaskill Missouri||Democrat||Finance, Insurance, Real Estate||Armed Services, Finance, Homeland Security and Government Affairs|
|#20 Rep. Roger Williams TX-25||Republican||Finance, Insurance, Real Estate||Financial Services|
|#19 Sen. John Hoeven North Dakota||Republican||Finance, Insurance, Real Estate||Indian Affairs, Agriculture-Nutrition-Forestry, Appropriations, Energy and Natural Resources, Homeland Security and Government Affairs|
|#18 Rep. Don Beyer VA-8||Democrat||Finance, Insurance, Real Estate||Natural Resources, Science-Space-Technology|
|#17 Rep. Rodney Frelinghuysen NJ-11||Republican||Misc. Business||Appropriations (Chair)|
|#16 Sen. James Risch Idaho||Republican||Finance, Insurance, Real Estate||Caucus on International Narcotics Control, Select Committee on Ethics, Select Committee on Intelligence, Energy and Natural, Foreign Relations, Small Business and Entrepreneurship|
|#15 Rep. Suzan DelBene WA-1||Democrat||Finance, Insurance, Real Estate||Budget, Ways and Means|
|#14 Sen. Richard Blumenthal Connecticut||Democrat||Finance, Insurance, Real Estate||Special Committee on Aging, Armed Services, Commerce-Science-Transportation, Judiciary, Veterans Affairs|
|#13 Rep. Thomas MacArthur NJ-3||Republican||Finance, Insurance, Real Estate||Financial Services|
|#12 Rep. Chris Collins NY-27||Republican||Health||Energy and Commerce|
|#11 Sen. Dianne Feinstein California||Democrat||Misc. Business||Caucus on International Narcotics Control, Select Committee on Intelligence, Appropriations, Judiciary, Rules and Administration|
|#10 Sen. Bob Corker Tennessee||Republican||Finance, Insurance, Real Estate||Special Committee on Aging, Banking-Housing-Urban Affairs, Budget, Foreign Relations|
|#9 Rep. Scott Peters CA-52||Democrat||Finance, Insurance, Real Estate||Energy and Commerce, Veterans Affairs|
|#8 Rep. Diane Black TN-6||Republican||Finance, Insurance, Real Estate||Budget (Chairman), Ways and Means|
|#7 Rep. Nancy Pelosi CA-12||Democrat||Finance, Insurance, Real Estate||Democrat Leader|
|#6 Rep. Vernon Buchanan FL-16||Republican||Transportation||Ways and Means|
|#5 Rep. David Trott MI-11||Republican||Finance, Insurance, Real Estate||Financial Services|
|#4 Rep. John Delaney MD-6||Democrat||Finance, Insurance, Real Estate||Financial Services|
|#3 Sen. Mark Warner Virginia||Democrat||Finance, Insurance, Real Estate||Select Committee on Intelligence, Banking-Housing-Urban Affairs, Budget, Finance, Rules and Administration|
|#2 Rep. Darrell Issa CA-49||Republican||Finance, Insurance, Real Estate||Foreign Affairs, Judiciary, Oversight and Government Reform|
|#1 Rep. Jared Polis CO-2||Democrat||Finance, Insurance, Real Estate||Education and Workforce, Ethics, Rules|
What do you think? Do you agree that we should monitor the personal wealth of our elected officials? Do you believe members on this list are using their position to increase their financial position? Join the conversation at: https://www.facebook.com/takebackorg/.