U.S. Rep. Barney Frank (D-Newton), the chairman of the powerful House Financial Services Committee, reported raising more than $380,000 in the second quarter of this year, over a third of the haul coming from political action committees, according to the Federal Election Commission.
U.S. Rep. Barney Frank (D-Newton)Frank reported ending the quarter with $817,102 cash on hand, after beginning the quarter with $804,004. He raised $383,086 in the quarter, bringing his fundraising haul to $1,627,256 for the cycle.
In contributions, Frank received the majority of his funds from individuals in the second quarter ($225,255) but also brought in $142,960 from PACs. PACS have contributed $691,479 to Frank this cycle. Among his highest contributors, the United Bank of Switzerland America's Fund for Better Government gave Frank $10,000 over the course of the quarter. Pacific Life, the insurance company, gave Frank $2,000 through its PAC. Prudential Financial Inc.'s PAC also contributed $2,000 to Frank's war chest in the second quarter.
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