Chairmen of Congressional committees who provide oversight of companies attract big money from PACs whose companies are recipients of that oversight. The Journal News writes on Rep. Sue Kelly
; she chairs the House Financial Services Oversight and Investigations Subcommittee. In her campaign for re-election so far, 54 percent of her contributions, or $766,942, came from political action committees. Most companies want to influence their federal regulator; this is their way of getting that influence. If , however, Congressional elections were publicly financed, committee chairmen wouldn't be overwhelmed with campaign handouts from those they oversee.

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