Thursday, January 19, 2006

USATODAY.com - The congressman & the hedge fund

USATODAY.com - The congressman & the hedge fund: "The congressman & the hedge fund | By Matt Kelley, USA TODAY | 1/19/2006 12:09 AM

One day after a New York investment group raised $110,000 for Republican Rep. Jerry Lewis, the House passed a defense spending bill that preserved $160 million for a Navy project critical to the firm. The man who protected the Navy money? Lewis.

The fundraiser, which took place July 7, 2003, and the subsequent vote illustrate the kind of relationship between congressman and contributor that's under increased scrutiny in the nation's capital.

A fellow California Republican, Rep. Randy "Duke" Cunningham, resigned in November after admitting he helped steer Pentagon contracts to two of four businessmen who paid him more than $2.4 million in bribes. Former top GOP lobbyist Jack Abramoff pleaded guilty last month to using gifts and political donations in a conspiracy to bribe public officials. Both investigations continue.

Nothing is illegal about government contractors giving political money to lawmakers who help them, unless both sides agree to exchange campaign donations for votes.

Lewis, 71, insists he did nothing improper. "I'm darn sensitive to make certain we keep arm's length from certain efforts" by political donors to influence legislation, Lewis said. ...

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