House Financial Services ranking Republican Patrick T. McHenry raised about $940,000 in campaign donations in the weeks leading up to and months after setting his sights on the panel chairmanship.
McHenry, R-N.C., said in April that he would seek the chairmanship of the Financial Services Committee rather than pursue a position in party leadership if Republicans take the House in the midterm elections. Total receipts to his campaign committee from April to the end of June, at $940,000, more than doubled the $390,000 raised the previous quarter, according to Federal Election Commission filings.
The Financial Services Committee is known for filling its members’ campaign coffers from the industries it oversees, and fundraising can play a part in securing leadership positions.
