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Phil Gramm
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Former Texas Senator Phillip Gramm is a Democrat turned Republican. He spent much of his career advocating deregulation and tax-cuts. He is married to Wendy Gramm of the Mercatus Center and previously of Enron.
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Gramm-Leach-Bliley Act
Gramm, as chairman of the Banking Committee, led passage of the 1999 Gramm-Leach-Bliley Act, making changes in the banking, insurance and securities laws which Congress had kept at bay for sixty years.
Presidential campaign
In 1996, Gramm spent $20 million seeking the Republican presidential nomination, but failed.
The top contributors were:
- Service Corp International (funeral services) $52,800
- AFLAC Inc. (health insurance) $44,500
- Vinson & Elkins LLP (lawyers) $33,750
- Arthur Andersen & Col (accountants) $30,250
- Enron Corp. (natural gas) $28,250
- Anadarko Petroleum (oil and gas) $21,050
- Dean Witter (securities) $20,000
- Tenneco Inc. (natual gas) $19,750
- Sterling Software $19,250
- John L. Wortham & Sons (insurance) $18,800
Articles and resources
See also
References
External resources
- The Wall Street Fix: Mr. Weill Goes to Washington: The Long Demise of Glass-Steagall, Frontline, May 8, 2003.
