David Perdue is Wall Street’s Best Friend
- Pleasing his friends in the financial industry, Perdue sponsored a bill that would increase the risk of a public bailout for major financial firms and co-sponsored a resolution that would strip consumers of their right to sue if banks lie to them.
- In an effort that would undermine regulators’ ability to hold banks accountable, Perdue cosponsored the Financial Institutions Examination Fairness and Reform Act, prioritizing big banks over consumers.
- Instead of voting to support the people of Georgia, Perdue voted for the Republican tax bill that cut taxes for big corporations, including those that have given him over $2.8 million in corporate PAC money
David Perdue’s Lengthy History Campaign Finance Violations
- Perdue’s campaign failed to disclose over $128,000 in debt and also accepted over $440,000 in prohibited or excessive contributions, forcing him to pay $30,000 in fines to the FEC.
- Before the 2014 election, Perdue failed to report adequate donor information for nearly 30% of his itemized individual contributions
- All in all, Perdue’s campaign has received a total of 21 letters from the FEC regarding possible errors, omissions, or prohibited activity since 2013.
David Perdue Only Fights for His Big Donors, Not Georgia Families
- Perdue was the only member not present at a Senate Armed Services subcommittee hearing that included testimony on lead paint poisoning in military housing at Fort Benning. He was, instead, meeting with big dollar donors he calls “The Boardroom.”
- Perdue gives exclusive access to donors who contribute more than $5,400 to his campaign by inviting them to quarterly events, an annual retreat at a private island resort in Georgia, and a private reception at his home.
- Perdue has also been under recent scrutiny as allegations of insider trading emerged after he purchased stock in companies like to rise in value during the Coronavirus pandemic, including Pfizer pharmaceuticals and DuPont de Numours, a company that sells personal protective equipment.
- Instead of protecting Georgia families, Perdue sided with his donors in the pharmaceutical and healthcare industries by voting to repeal major parts of the Affordable Care Act, including Medicaid expansion, individual and employer mandates, and protections against pre-existing conditions.
- Perdue’s received $1.7 million from the Securities & Investment and Commercial Banking industries, and Perdue cosponsored a bill that would give more power to the Big Banks by limiting regulatory impact on these institutions, prioritizing Wall Street over Georgia families.