Finance/Insurance/Real Estate Sector Summary
The financial sector is far and away the largest source of campaign contributions to federal candidates and parties, with insurance companies, securities and investment firms, real estate interests and commercial banks providing the bulk of that money.
The sector contributed generous sums to both parties until 2010 when donations began to heavily bias Republicans, which likely reflects the finance industry’s interest in overturning the financial regulations from the Dodd-Frank Act, implemented to protect consumers from predatory lending practices and risky financial decisions from the industry. In 2014, the industry as a whole contributed half a billion dollars to candidate and party committees, PACs as well as outside spending groups; 62 percent of the funds given to candidates and parties went to Republicans. In 2012, the giving was even higher (as is the trend with presidential cycles) at $687,000; nearly 70 percent of the candidate and party gifts went to the GOP. [Read more Background]
The Finance/Insurance/Real Estate sector includes the following categories and industries:
- • Accountants
- • Commercial Banks
- • Credit Unions
- • Finance/Credit Companies
- • Hedge Funds
- • Insurance
- • Misc Finance
- • Mortgage bankers and brokers
- • Payday lenders
- • Private Equity & Investment Firms
- • Real Estate
- • Savings & Loans
- • Securities & Investment
- • Student loan companies
- • Venture capital
Or select another sector from an alphabetical list.
Top Contributors, 2023-2024
Contributor | Total | To Dems | To Repubs | To liberal groups | To conservative groups | To nonpartisan groups |
---|---|---|---|---|---|---|
Susquehanna International Group | $70,676,571 | $38,895 | $390,745 | $0 | $69,318,281 | $925,000 |
Citadel LLC | $59,939,502 | $9,929 | $1,334,323 | $0 | $58,505,000 | $90,000 |
Coinbase | $27,004,292 | $215,809 | $226,042 | $2,520,000 | $2,500,000 | $21,510,250 |
Greylock Partners | $25,027,107 | $2,092,310 | $199,097 | $15,973,300 | $700,000 | $6,050,000 |
Ripple | $24,622,012 | $343,882 | $106,827 | $2,627,660 | $1,600,000 | $20,000,000 |
Andreessen Horowitz | $23,793,238 | $258,300 | $250,975 | $2,025,500 | $2,000,000 | $19,255,163 |
Elliott Management | $19,595,014 | $155,236 | $2,389,078 | $0 | $16,000,000 | $1,000,000 |
Stephens Inc | $12,302,788 | $1,000 | $2,341,788 | $0 | $10,083,900 | $0 |
Lone Pine Capital | $10,582,600 | $2,327,800 | $6,600 | $8,185,000 | $50,000 | $0 |
Blackstone Group | $8,196,940 | $1,594,505 | $2,296,910 | $500,250 | $3,475,000 | $0 |
Renaissance Technologies | $7,407,198 | $889,364 | $317,834 | $6,200,000 | $0 | $0 |
Sequoia Capital | $6,177,820 | $67,920 | $1,609,900 | $2,500,000 | $2,000,000 | $0 |
Hillwood Development | $5,939,017 | $2,932 | $839,585 | $0 | $4,995,000 | $100,000 |
McMahon Ventures | $5,672,205 | $0 | $422,205 | $0 | $5,250,000 | $0 |
Sherman Financial Group | $5,389,250 | $0 | $138,750 | $0 | $5,250,500 | $0 |
Winklevoss Capital Management | $5,373,200 | $66,000 | $107,200 | $0 | $200,000 | $5,000,000 |
Hendricks Holding Co | $5,336,600 | $0 | $336,600 | $0 | $5,000,000 | $0 |
Jane Street Capital | $5,179,210 | $852,999 | $1,304,490 | $510,000 | $2,250,000 | $250,000 |
Sequoia Holdings (Jeff Skoll) | $5,005,000 | $5,000 | $0 | $5,000,000 | $0 | $0 |
Jump Crypto | $5,000,000 | $0 | $0 | $0 | $0 | $5,000,000 |
Leans Democrat Leans Republican Leans Liberal Leans Conservative On the fence |
Contribution Trends, 1990-2024
Annual Lobbying Totals, 1998-2024
Lobbying by Top Finance/Insurance/Real Estate Industries, 2023
Industry | Total |
---|---|
Insurance | $157,759,164 |
Securities & Investment | $147,132,294 |
Real Estate | $108,520,189 |
Commercial Banks | $67,337,425 |
Misc Finance | $47,700,921 |
Finance/Credit Companies | $39,516,718 |
Accountants | $18,855,000 |
Credit Unions | $9,794,178 |
Savings & Loans | $780,000 |
Party Split of Recipients, by Election Cycle, 1990-2024
Top Recipients, 2023-2024
Candidate | Chamber | Amount |
---|---|---|
Biden, Joe (D) | President | $9,432,472 |
Haley, Nikki (R) | President | $8,673,026 |
DeSantis, Ron (R) | President | $6,381,745 |
Trump, Donald (R) | President | $5,979,765 |
Brown, Sherrod (D-OH) | Senate | $3,341,185 |
Average Contributions to Members of Congress, 1990-2024
These charts display average contributions to all Members of Congress, including the campaign committees of sitting members who run for president. The surge in giving seen during the 2008 cycle for the Senate reflects contributions given to the presidential campaign committees of Democrat Barack Obama and Republican John McCain.
All the numbers on this page are for the 2024 election cycle and based on Federal Election Commission data released on April 22, 2024
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