When Wall Street giant JPMorgan Chase announced this week that it had lost an estimated $2 billion (now upped to $3 billion) on risky trades, Republican and Democratic members of Congress rushed to make their political cases: Either this was something that more regulation couldn’t have prevented, or this was exactly what stronger government rules could have thwarted.

None of them, however, mentioned whether they had a financial stake in JPMorgan Chase.

Usually, the money-in-politics conversation is about how much money a company has invested in a politician via campaign donations. In this case, while JPMorgan Chase has plenty invested, it also goes the other way: at least 38 members of Congress owned shares in the bank.

According to OpenSecrets.org data, which is based on personal financial disclosure forms filed by all members of Congress for the year 2010 (disclosure forms for 2011 were due this week, but aren’t yet publicly available), 15 Democrats and 23 Republicans owned shares in JPMorgan Chase worth a total of between $2.1 million and $3.8 million. The single biggest congressional shareholder in the company at that point was Sen. Frank Lautenberg (D-N.J.), who reported owning at least $1,000,001 in JPMorgan Chase stock. Of course, for Lautenberg, who is listed as the fifth-richest senator with an estimated personal net worth of between $55 million and $116 million, the bank was just one of 190 assets he listed.

Below is a list of all senators with a stake in the bank as of 2010:

Senators Minimum Maximum Sen. Frank R. Lautenberg (D) $1,000,001 $1,000,001 Sen. Mary L. Landrieu (D) $100,001 $250,000 Sen. Jeff Bingaman (D) $52,003 $130,000 Sen. Tom Coburn (R) $17,003 $80,000 Sen. Sheldon Whitehouse (D) $15,001 $50,000 Sen. Claire McCaskill (D) $15,001 $50,000 Sen. Jon L. Kyl (R) $2,290 $2,290 Sen. Kay R. Hagan (D) $2,002 $31,000 Sen. Pat Roberts (R) $1,001 $15,000 Sen. Sherrod Brown (D) $1,001 $15,000 Sen. Orrin G. Hatch (R) $1,001 $15,000 Sen. Tom Carper (D) $1,001 $15,000 Sen. David Vitter (R) $1,001 $15,000 The top JPMorgan Chase investor in the House was Rep. Leonard Lance (R-N.J.), who owned more than a quarter million dollars ‘ worth of JPMorgan Chase shares in 2010, a much larger chunk of his entire personal net worth. Below is the complete list of House members who owned a piece of JPMorgan Chase in 2010.

Representatives Minimum Maximum Rep. Leonard Lance (R) $250,001 $500,000 Rep. Jim Renacci (R) $213,937 $213,937 Rep. F. James Sensenbrenner Jr (R) $100,001 $250,000 Rep. Peter Welch (D) $100,001 $250,000 Rep. Lloyd Doggett (D) $50,001 $100,000 Rep. Mike Conaway (R) $50,001 $100,000 Rep. John Boehner (R) $30,002 $100,000 Rep. Rodney Frelinghuysen (R) $30,002 $100,000 Rep. Mary Bono Mack (R) $17,003 $80,000 Rep. Connie Mack (R) $17,003 $80,000 Rep. Ander Crenshaw (R) $15,001 $50,000 Rep. Kurt Schrader (D) $15,001 $50,000 Rep. David McKinley (R) $15,001 $50,000 Rep. Rick Berg (R) $5,472 $5,472 Rep. Tom Price (R) $3,690 $3,690 Rep. Vernon Buchanan (R) $2,002 $30,000 Rep. Michael McCaul (R) $2,002 $30,000 Rep. Xavier Becerra (D) $2,002 $30,000 Rep. Fred Upton (R) $2,002 $30,000 Rep. Ben Chandler (D) $1,001 $15,000 Rep. Charles W. Boustany Jr (R) $1,001 $15,000 Rep. Brad Miller (D) $1,001 $15,000 Rep. Gary Peters (D) $1,001 $15,000 Rep. Nan Hayworth (R) $1,001 $15,000 Rep. Dan Benishek (R) $1,001 $15,000

In the executive branch, the lone JPMorgan Chase investor — who also happened to be the biggest of any that we are aware of — was former White House Chief of Staff William Daley, who left his post in January 2012. It’s not surprising, since Daley is a former top executive for JPMorgan Chase; he held a stake worth somewhere between $5 million and $25 million

President Obama doesn’t own any stock in JPMorgan, but he is a client — on his most recent financial disclosure form , filed this week, the president reported having two checking accounts there, one worth between $500,000 and $1 million.



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About The Author Russ joined the Center in March 2012 as the money-in-politics reporter. His duties include reporting for OpenSecrets Blog and assisting with press inquiries. Russ has a background in investigative journalism, having worked as a reporter for the Investigative Reporting Workshop at American University, and he spent five years as a newspaper reporter in New Hampshire. He has a degree in political science from Muhlenberg College and a M.A. in journalism and public affairs from American University. Follow Russ Choma

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