March 12-18 is Sunshine Week. As part of this annual celebration aimed at promoting transparency, OpenSecrets is shining a light on key issues related to money in politics. Our fact-filled reporting follows the money behind billions of dollars that poured into the 2022 midterms, record state-level political fundraising, “pop-up” super PACs, dark money, “revolving door” lobbyists and more!
OpenSecrets projects state-level election fundraising for 2021 and 2022 elections to reach nearly $7.5 billion, putting the total cost of state and federal midterms at over $16.4 billion.
‘Pop-up’ super PACs poured $6.6 million into federal midterm races during the 2022 cycle but kept their funders hidden until after Election Day.
Federal candidates reported spending over $280,000 of campaign funds on childcare expenses during the 2022 midterm election cycle, an increase of 17% compared to 2020.
As Congress nears substantive regulations on digital assets, federal lobbying spending by the cryptocurrency industry exploded to a whopping $21.6 million in 2022.
Since 2009, Silicon Valley Bank exclusively hired so-called “revolving door” lobbyists who reportedly flexed their influence to weaken federal regulations.
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Source: OpenSecrets.org
