Nov 11, 2024 Story by: Editor
Troy Carter, the Democratic Representative from Louisiana, serves on key committees such as Homeland Security, Transportation, and Infrastructure. Having first been elected in 2021, his next election is set for 2024. As of the 2023-2024 fundraising cycle, Carter’s campaign has received significant contributions from various industries and political action committees (PACs). Notably, the top industry contributing to his campaign is the legal sector, with a total of $151,350 from lawyers and law firms. In terms of individual contributors, the American Israel Public Affairs Committee (AIPAC) stands as the leading contributor, donating $23,600 to his campaign.
Carter’s leadership PAC, Build the Bench PAC, has raised a substantial $1,799,255 in total funds for the 2023-2024 period. Of these funds, $1,372,150 has been spent, leaving a balance of $793,291 in cash on hand. However, his campaign has accumulated $43,723 in debts. The latest report, dated 10/16/2024, provides an overview of these financial details.
The top contributors to Carter’s campaign during this cycle include AIPAC, which contributed $23,600, followed by Edison Chouest Offshore at $22,840, River Birch Inc at $19,800, Jones Walker LLP at $17,500, and Entergy Corp at $16,745. These donations, particularly from PACs and industry leaders, reflect a significant level of support from sectors like law, energy, and offshore transport.
The major industries that have financially backed Carter’s campaign include law firms, which contributed a total of $151,350, followed by sea transport with $74,490. Additionally, lobbyists have donated $69,475, insurance companies have contributed $67,020, and building trade unions have given $53,525. These sectors represent a broad base of corporate and professional interest in Carter’s political efforts.
In terms of the source of funds for his campaign, a large portion comes from individual contributions, amounting to $962,592, which constitutes 53.16% of the total funds raised. PAC contributions follow closely behind, accounting for 46.13% or $835,258. Smaller individual contributions (under $200) made up 0.71%, with $12,775, while the campaign received no self-financing from the candidate. Interestingly, the campaign also reported a small loss of $11,370, categorized under “other” sources. Source: Open Secrets
