Rogers’ campaigns were bankrolled by Wall Street and he accepted nearly $1.6 million from the financial industry throughout his career.
Rogers repeatedly voted to repeal Dodd-Frank, a priority of Wall Street because it regulated banks.
Rogers also supported and voted for corporate tax cuts, including the Bush tax cuts and the Trump tax cuts, while opposing raising taxes on the wealthy.
Rogers Accepted $1,256,093 From The Securities & Investment Industry Throughout His Career. [OpenSecrets, accessed 4/21/26]
Since 1999, Rogers Received Over $1.25 Million From The Securities And Investment Industry. According to Michigan Advance, “Since 1999, records on Open Secrets, a database for tracking campaign fundraising, spending and allied contributions through PACs, show that Rogers received $1.25 million from the securities and investment industry throughout his career in the U.S. House.” [Michigan Advance, 3/10/26]
Rogers Accepted $311,325 From Commercial Banks Throughout His Career. [OpenSecrets, accessed 4/21/26]
ABA Praised Trump’s Rollback Of Dodd-Frank. According to Reuters, “‘Banks of all sizes have spent eight years explaining to lawmakers and regulators why the rules put in place by Dodd-Frank were not all working as intended,’ Ian McKendry, a spokesman for the American Bankers Association, which represents banks big and small, said in a statement. ‘We think this is an important step forward, but there is more to do.’” [Reuters, 5/22/18]
Rogers’ 2026 Senate Campaign Was Bankrolled By The Banking And Securities Sectors
Rogers Received Millions In Campaign Contributions From The Securities And Financial Sectors Across His Political Career And Faced Questions Over His Impropriety. According to Michigan Advance, “His most recent Federal Election Commission reports, however, show that the White Lake Republican has collected millions of dollars in 2026 campaign contributions from the very people he would regulate and oversee on that committee, raising questions over how that money could influence his decisions if Michigan voters put Rogers back in Congress. Historical campaign finance records also show that Rogers’ campaign donations from the banking sector go all the way back to his time in the U.S. House of Representatives as well as his stint prior to that in the state Legislature. The reports all detail a cozy campaign donor relationship between Rogers and banking and investment industry figures.” [Michigan Advance, 3/10/26]
Rogers’ Relationships With Financial Bigwigs Came Under Increased Scrutiny After He Angled For A Seat On The Senate Banking Committee. According to Michigan Advance, “That relationship has a sharpened focus after the Washington Examiner reported in February that Rogers, speaking on behalf of his housing affordability initiative, ‘said he would love to get a seat on the banking committee if he wins in November.’” [Michigan Advance, 3/10/26]
Rogers 2024 Senate Campaign Accepted $ From Wall Street Donors And Their Spouses.
|
Recipient |
Donor |
Date |
Amount |
|
Rogers For Senate |
Griffin, Kenneth |
2/29/24 |
$6,600 |
|
Rogers For Senate |
Schwarzman, Christine |
3/1/24 |
$3,300 |
|
Rogers For Senate |
Schwarzman, Christine |
12/14/23 |
$3,300 |
|
Rogers For Senate |
Schwarzman, Stephen A |
2/29/24 |
$3,300 |
|
Rogers For Senate |
Schwarzman, Stephen A |
12/13/23 |
$3,300 |
|
Rogers For Senate |
E Ford, William |
5/1/24 |
$6,600 |
|
Rogers For Senate |
McKnight, Drew |
6/3/24 |
$6,600 |
|
Rogers For Senate |
Wilson, Donald R Jr. |
6/28/24 |
$3,300 |
|
Rogers For Senate |
Wilson, Donald R Jr. |
6/28/24 |
$3,300 |
|
Rogers For Senate |
Singer, Paul |
1/16/24 |
$3,300 |
|
Rogers For Senate |
Singer, Paul |
1/16/24 |
$3,300 |
|
Rogers For Senate |
Popolo, Joe |
2/5/24 |
$3,300 |
|
Rogers For Senate |
Stephens, Warren A |
3/11/24 |
$3,300 |
|
Total |
$52,800 |
[FEC, Rogers For Senate, Accessed 6/2/24]
Griffin Was The CEO Of Citadel Which Was One Of The Largest Hedge Funds In The Country. According to Crain’s Detroit Business, “Griffin is the founder and CEO of Miami-based Citadel, one of the biggest hedge funds in the country.” [Crain’s Detroit Business, 4/16/24]
Griffin Donated $2.5 Million To A Pro-Rogers Super PAC. According to Crain’s Detroit Business, “A $2.5 million donation from hedge fund billionaire Ken Griffin fueled a super PAC that is boosting Republican Mike Rogers in his campaign for Michigan's open U.S. Senate seat. The contribution was disclosed in a campaign finance report filed late Monday by the Great Lakes Conservatives Fund, which spent roughly $2.3 million on pro-Rogers TV and digital ads in January and February.” [Crain’s Detroit Business, 4/16/24]
Schwarzman Wrote An Op-Ed In Which He Opposed Dodd-Frank. According to Business Insider, “In an op-ed article for The Wall Street Journal published last June, Schwarzman argued that Dodd-Frank and other regulations like the Volcker Rule are setting us up for the next financial crisis.” [Business Insider, 6/2/16]
Singer Claimed That Dodd-Frank Was “Entirely Nutty.” According to the Wall Street Journal, “One song Elliott Management's Paul Singer still isn't singing is the praises of the Dodd-Frank bill, especially its attempts to identify which institutions could pose systemic risk to the financial markets. ‘I think it's entirely nutty, and I'm using that term in the most technical sense,’ the hedge fund manager said Friday during a panel discussion on the ‘too big to fail’ legislation at the American Bankruptcy Institute's annual New York conference in Midtown Manhattan.” [Wall Street Journal, 5/6/11]
Singer Claimed That Dodd-Frank Were “Inviting Disaster.” According to a Wall Street Journal op-ed by James Freeman, “Mr. Singer, 78, is founder of Elliott Management and one of the world’s most successful hedge-fund proprietors. Before the financial crisis of 2008, he tried to alert investors and public officials about the dangers of subprime mortgages. In the 15 years since, he’s repeatedly warned that the landmark Dodd-Frank Act of 2010, and the expansive monetary policies along the way, were inviting disaster.” [James Freeman Op-Ed – Wall Street Journal, 4/7/23]
2010: Rogers Voted Against The Dodd-Frank Act. In June 2010, Rogers voted against the Dodd-Frank Wall Street Reform and Consumer Protection Act, a financial regulatory overhaul that was written in response to the 2008 banking crisis. According to Congressional Quarterly, the bill “would overhaul the regulation of the financial services industry. The measure would create a new regulatory mechanism to assess risks posed by very large financial institutions and facilitate the orderly dissolution of failing firms that pose a threat to the economy. It would create a new federal agency to oversee consumer financial products, bring the derivatives market under significant federal regulation for the first time and give company shareholders and regulators greater say on executive pay packages. The costs would be offset by terminating the Troubled Asset Relief Program and increasing deposit insurance premiums paid by some banks.” The vote was on final passage of the conference report, which the House agreed by a vote of 237 to 192. The conference report subsequently passed the Senate and was signed into law by the president. [House Vote 413, 6/30/10; Congressional Quarterly, 6/30/10; Congressional Actions, H.R. 4173]
2012: Rogers Voted To Repeal The Federal Government’s Authority Under The Dodd-Frank Act To Take Over A Failing Financial Institution. In May 2012, Rogers voted for a bill which would have, according to Congressional Quarterly, “repeal[ed] Title II of the Dodd-Frank Act, which addresses failing financial institutions; restricts funding for the Consumer Financial Protection Bureau (CFPB); and eliminates the Office of Financial Research.” The underlying bill pertained to replacing automatic sequester cuts with other discretionary spending cuts, as well as repealing parts of health care reform, cutting food stamps, and increasing federal employee pension contributions. The vote was on passage of the bill, the House passed the bill by a vote of 218 to 199. The Senate took no substantive action. [House Vote 247, 5/10/12; Congressional Quarterly, 5/10/12; Congressional Quarterly, 5/9/12; Congressional Actions, H.R. 5652]
2012: Rogers Voted To Exclude Certain Financial Institutions From Being Classified As Swap Dealers Under Dodd-Frank. In April 2012, Rogers voted for legislation that would have excluded some financial institutions that are regulated by the CFTC from being regulated by Dodd-Frank. According to Congressional Quarterly, the legislation would have “exclude[d] certain financial institutions regulated by the Commodity Futures Trading Commission from being classified as swap dealers under the 2010 financial regulatory overhaul law. To be excluded depository institutions and farm credit institutions would have [had] to limit[ed] use of swaps to transactions that help customers manage risk on a loan made by the institution or to offset risks arising from the swaps made with customers.” The vote was on a motion to suspend the rules and pass the bill. The House agreed to the motion, passing the bill, by a vote of 312 to 111. The legislation died in the Senate. [House Vote 180, 4/25/12; Congressional Quarterly, 4/25/12; Congressional Actions, H.R. 3336]
2014: Rogers Voted To Loosen Dodd-Frank Act’s Restrictions On Federally Insured Financial Companies Participating Directly In Swap Trading, As Part Of Legislation Providing FY 2015 Funding For The Federal Government. In December 2014, Rogers voted for legislation that, according to Congressional Quarterly, “provide[d] $1.013 trillion in discretionary appropriations in fiscal 2015 for federal departments and agencies covered by the 12 unfinished fiscal 2015 spending bills.” The legislation included provisions that “amend[] the Dodd-Frank Act (PL 111-203) to modify the so-called ‘Swap Pushout Rule’ by expanding the permissible types of swap activities that can be conducted directly by insured financial institutions without losing their access to federal assistance, and it allow[ed] uninsured U.S. branches of foreign banks also to engage in those swap activities as long as they are covered by a ‘prudential’ regulator in their home nation. Permissible swaps activities […] include[d] equity swaps, commodity and agriculture swaps, and energy swaps. Those swap activities that must be pushed to affiliates [will] mostly be swaps based on asset-backed securities that are unregulated or not of a credit quality established by regulation.” The vote was on a motion to concur in the Senate amendment with an amendment. The House agreed to the motion 219 to 206. The Senate agreed to by a vote of 56 to 40. Afterwards, the amended legislation was sent to the president, who signed it into law. [House Vote 563, 12/11/14; Congressional Quarterly, 12/10/14; Public Law 113-235, 12/16/14; Congressional Actions, H.R. 83]
2014: Rogers Voted To Exempt Certain Entities From Certain Provisions Of The Dodd-Frank Act. In September 2014, according to Congressional Quarterly, Rogers voted for the “Fitzpatrick, R-Pa., motion to suspend the rules and pass the bill that would exempt certain end users of derivatives from margin calls and allow certain banks that own collateralized loan obligations to retain those investments. It also would exempt certain entities from Securities and Exchange Commission registration requirements.” The vote was on passage. The House passed the bill by a vote of 320 to 102. [House Vote 501, 9/16/14; Congressional Quarterly, 9/16/14; Congressional Actions, H.R. 5405]
2011: Rogers Voted To Repeal Portions Of The Dodd Frank Financial Reform Act As Part Of The FY 2012 Ryan Budget. In April 2011, Rogers voted for revisiting the Dodd-Frank regulations for financial institutions, as part of House Budget Committee Chairman Paul Ryan’s (R-WI) proposed budget resolution covering fiscal years 2012 to 2021. According to the House Budget Committee, the budget “propose[d]s to end the cycle of future bailouts perpetuated by the financial-regulation law authored last year by Senator Chris Dodd and Representative Barney Frank (Dodd-Frank).” The vote was on passage; the resolution passed by a vote of 235 to 193. [House Vote 277, 4/15/11; House Budget Committee, 4/5/11; Congressional Actions, H. Con. Res. 34]
2012: Rogers Voted To Repeal Portions Of The Dodd Frank Financial Reform Act As Part Of The FY 2013 Ryan Budget. In March 2012, Rogers voted to repeal portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act’s regulations for financial institutions, as part of House Budget Committee Chairman Paul Ryan’s (R-WI) proposed budget resolution covering fiscal years 2013 to 2022. According to the House Budget Committee, “This budget would end the bailout regime enshrined into law by the Dodd-Frank Act. The federal government has a critical role in helping to ensure financial markets are fair and transparent, and in holding accountable those who violate the rules. But even though that role is critical, it is a limited one: Federal bureaucrats should not be empowered to micromanage the financial system, and this budget will review financial regulations to ensure that the costs to the private sector and to the taxpayer do not outweigh their benefits, and that regulations are both essential and not unduly burdensome.” The vote was on passage; the resolution passed by a vote of 228 to 191. The Senate later rejected a motion to proceed to consider the House-passed budget resolution. [House Vote 151, 3/16/12; House Budget Committee, 5/20/12; Congressional Actions, H. Con. Res. 112]
2013: Rogers Voted For Repealing Portions Of The Dodd Frank Wall Street Reform Act As Part Of The FY 2014 Ryan Budget. In March 2013, Rogers voted for repealing portions of the Dodd-Frank regulations for financial institutions, as part of House Budget Committee Chairman Paul Ryan’s (R-WI) proposed budget resolution covering fiscal years 2014 to 2023. According to the House Budget Committee, “This budget would end the bailout regime enshrined into law by the Dodd-Frank Act. The federal government must ensure financial markets are fair and transparent. And it must hold accountable those who violate the rules. But federal bureaucrats should not micromanage the system or protect Wall Street bankers from the risks they are taking.” The resolution passed the House by a vote of 221 to 207, but died in the Senate. [House Vote 88, 3/21/13; House Budget Committee, 3/12/13; Congressional Actions, H. Con. Res. 25]
2014: Rogers Voted For Repealing The Part Of Dodd-Frank That Required Private Equity Fund Advisors To Register With The Securities And Exchange Commission. In September 2014, Rogers voted for repealing a portion of Dodd-Frank that requires certain private equity fund advisors from registering with the Securities and Exchange Commission (SEC). According to House Financial Services Committee, “The bill corrects an overreach of the Dodd-Frank Act that diverts job-creating capital from small- and medium-sized businesses to unnecessary regulatory compliance costs. The bill exempts advisers to private equity funds from Securities and Exchange Commission (SEC) registration so long as the funds under management have not borrowed and do not have outstanding principal amount in excess of twice their funded capital commitments.” This provision was part of a larger bill called the Jobs for America Act. The bill passed the House by a vote of 253-163. The bill died in the Senate. [House Vote 513, 9/18/14; House Financial Services Committee, 9/19/14; GOP.gov, Accessed 9/15/15; Congressional Actions, H.R. 4]
2014: Rogers Voted To Repeal A Key Part Of Dodd-Frank Wall Street Reform Act That Gave The Federal Deposit Insurance Corporation The Power To Take Over And Shut Down A Failing Financial Firm, As Part Of Rep. Paul Ryan’s Budget Proposal. In April 2014, Rogers voted for repealing the expanded resolution authority that the Dodd-Frank Wall Street Reform and Consumer Protection Act gave to the Federal Deposit Insurance Corporation, as part of House Budget Committee Chairman Paul Ryan’s (R-WI) proposed budget resolution covering fiscal years 2015 to 2024. According to the Hill, “The proposal from the House Budget Committee chairman would repeal a top provision of the law. Proponents say the tool, which gives the Federal Deposit Insurance Corporation the power to step in and wind down a failing financial firm, bars future bailouts.” The House adopted the budget resolution by a vote of 219 to 205, but the Senate did not. [House Vote 177, 4/10/14; The Hill, 4/1/14; Congressional Actions, H. Con. Res. 96]
Rogers Endorsed Bush’s Tax Proposal. According to the Lansing State Journal, “Rogers is an enthusiastic support er of Bush, but there are significant differences in their positions. Rogers lists saving Social Security and Medicare and debt reduction as top priorities and said cuts in tax rates should begin with those in the lowest income brackets. ‘Maybe it's doable, maybe it's not,'' Rogers said of the Bush tax plan. ‘The good news is that we're all talking about cutting taxes. It's just a matter of how and when and where.''' Abraham, seeking a second six- year term, plans to emphasize tax cuts in the final weeks of the campaign. While he endorsed the Bush tax plan prior to Michigan's February Republican primary, he is expected to unveil his own tax proposal within the next month.” [Lansing State Journal, 9/17/00]
2001: Rogers Voted For The 2001 Bush Tax Cuts, Which Cut Taxes By $1.35 Trillion Over 11 Years. In May 2001, Rogers voted for a conference report to H.R. 1836 that, according to Congressional Quarterly, “would reduce taxes by $1.35 trillion through fiscal 2011 through income tax rate cuts, relief of the ‘marriage penalty,’ a phase out of the federal estate tax, doubling the child tax credit, and providing incentives for retirement savings. A new 10 percent tax rate would be created retroactive to Jan. 1, and taxpayers would get rebate checks this summer of $300 for singles and $600 for couples. The bill would double the $500-per-child tax credit by 2010 and make it refundable; raise the estate tax exemption to $1 million in 2002 and repeal the tax in 2010; increase the standard deduction for married couples to double that of singles, beginning in 2005; and increase annual limits on contributions for Individual Retirement Accounts to $5,000.” The House agreed to the conference report on the bill by a vote of 240 to 154. After the Senate also agreed to the conference report, the bill was sent to the president, who signed it into law. [House Vote 149, 5/26/01; Congressional Quarterly, 5/26/01; Congressional Actions, H.R. 1836]
Rogers Opposed Repealing The Bush Tax Cuts, And Claimed It Would Lead To Raising Taxes On Americans. According to the Livingston County Press, “Rogers said repealing the tax cuts, as proposed by President Barack Obama's administration, would result in an increase in several taxes, including income-tax rates for all Americans. He said keeping the cuts in place would instill certainty in the marketplace and result in companies hiring again. Enderle said health-care reform is essential for America to recapture its industrial base, and that the proposal to regulate emissions would create jobs in the development of clean energy. He said he supports ending the Bush tax cuts, which he said have only allowed the wealthy to build on their prosperity at the expense of the middle class.” [Livingston County Press, 10/7/10]
Rogers Opposed Raising Taxes On High-Income Workers And Claimed That Increasing Taxes Would Depress The Job Market. According to Ann Arbor News, “Rogers said the tax cuts are needed for economic stimulus and are responsible for recent economic improvement. Secondly, he said, those high-income workers represent a significant chunk of job creators and increasing their taxes would not only hurt present-day job creation but further deplete the trust fund over time by creating a depressed job market.” [Ann Arbor News, 4/5/05]
Rogers Praised Trump’s Tax Policy As Core GOP Policies. According to American Journal News, “Rogers served from 1995 to 2001 in the Michigan Senate and from 2001 to 2015 in the U.S. House of Representatives. After retirement, he and his wife moved to Florida, and he said he was considering a 2024 presidential campaign. In March, he said on the PBS program
‘Off the Record’ that former President Donald Trump’s deregulatory agenda and his tax cuts were core GOP policies, but that voters were turned off by those emulating his acerbic approach.” [American Journal News, 9/6/23]