Wall Street bank lobbyists are seeking moderate Democratic allies in Congress to...
Banks worry that even if the Massachusetts senator does not become the next U.S. president, she would wield major influence on financial policy in any Democratic administration.
She has also rejected corporate money, closing off a traditional avenue for influencing presidential candidates. Banks are targeting Democrats on the U.S. Senate banking committee who need war chests for re-election bids, including Virginia’s Mark Warner and Alabama’s Doug Jones, as well as other senators with bipartisan track records such as Arizona’s Kyrsten Sinema and Michigan’s Gary Peters, lobbyists said.
“You can’t get lasting legislation done in this city without it being bipartisan,” said Tom Quaadman, an executive vice president at the U.S. Chamber of Commerce which this year said it would better reward lawmakers who focus on bipartisanship.The American Bankers Association, the biggest bank group donor which has dished out $1.5 million so far this cycle, also plans to fund campaign ads in support of moderate Republicans and Democrats in tight races, the sources said.
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