By Darryl R. Isherwood | February 9th, 2012 - 5:24pm
| More

Three New Jersey lawmakers were among the nation’s highest recipients of campaign donations from members of the financial services industry, according to federal campaign figures compiled in the wake of the passage of the STOCK Act prohibiting members of Congress from insider trading.

Democratic Sen. Bob Menendez, a co-sponsor of the act, which passed in the Senate last week and in the House earlier today, was 18th among all senators, receiving a total of $702,258 between 2005 and last year.  Sen. Frank Lautenberg, another co-sponsor of the bill, was 25th among all senators with a total haul of $538,533 from members of the securities and investment industry.

On the House side, House Financial Services Committee member Scott Garrett, a Republican, had the 7th highest total among all 438 House Members, bringing in $294,710 between 2009 and 2011.

The data was compiled by MapLight, which bills itself as a non-partisan research organization following the influence of money in politics.

In a release, MapLight took the House to task for failing to include an amendment in its version of the STOCK Act that omitted disclosure requirements for members of so-called “political intelligence” firms that gather information on potential legislation to sell to hedge funds and others who might benefit from the early knowledge.

With New Jersey home to the second largest number of financial services employees, it's no surprise lawmakers from the state do well.  

Scott Garrett                 Republican    $294,710
Rush Holt                      Democrat      $109,627
Leonard Lance              Republican    $58,450
Rodney Frelinghuysen  Republican    $52,400
Frank Pallone                Democrat      $29,750
William Pascrell             Democrat      $27,700
Steven Rothman           Democrat      $26,165
Robert Andrews            Democrat      $22,966
Jon Runyan                   Republican    $21,250
Frank LoBiondo             Republican    $6,800
Albio Sires                     Democrat      $5,500
Donald Payne                Democrat      $3,750

 

 

Op-Ed

How the City of Paterson became a city in crisis

By HAYTHAM YOUNES As the May 13th election for Paterson officials nears, I've noticed a lot of candidates running using slogans and empty promises as if they weren't around watching Paterson get to where it's at today. I think it's important that... Read More >

Contributors

(4-23-14) Bridgegate Witnesses Not "RATS" if Testimony is Forced -Superior Court Judge Mary Jacobson’s decision last week was covered in most newspapers and blogs as an affirmation of the... more »
(Absecon Island, NJ) --With his shocking win in last year's election, Atlantic City Mayor Don Guardian emerged as one of the most intriguing figures in the New Jersey political... more »
When it comes to profiling Christie, facts are for wussies (4/10/14) - As the national media stories on our Guv pile up, expect more blunders about the Garden State.... more »
This week I begin a series called Dispatches from Somewhere Else. Based on my on-going experiences as an everyman in New Jersey politics, these Dispatches review the hollowness of... more »

Quote of the Day

Quote of the day

“The good news of tonight is that these problems are fixable.” - Gov. Chris Christie

- PolitickerNJ.com

Poll

Who would you back for Governor of NJ in this 2017 general election dream match-up?:

Resources

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources

The Back Room is the place where the real work gets done. You will find the analysis, the dirty truth and the inside scoop you’ve come to expect from PolitickerNJ over the years.

Send tips to:
editor@politickernj.com