Opaque investments boost lawmakers’ campaign coffers with little public oversight.
Former House Speaker Tom Foley, pictured here in 1991, died in 2013. But his congressional campaign committee is technically active — and still earning money. Laura Patterson/CQ Roll Call via AP Images
Former Speaker of the House Tom Foley lost his final bid for reelection in 1994 after three decades in office.
In 2013, Foley died.
But the “Committee to Reelect Tom Foley” — his still-technically active campaign committee — lives on, and it reported earning a small profit this year from several financial investments, including stock in tech giants Microsoft and Meta.
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