# Amalgamated Bank 15M Credit to DSCC On **5 October 2026**, the **[[Democratic Senatorial Campaign Committee]]** took **$15,000,000.00** of credit from **[[Amalgamated Bank]]**. It is disclosed as a single loan row on the committee's pre-general report, and it is **the committee's only loan of the 2026 cycle**. ## Terms | Item | Detail | |---|---| | Lender | **Amalgamated Bank** | | Borrower | **Democratic Senatorial Campaign Committee** (FEC committee **C00042366**) | | Amount | **$15,000,000.00** | | Date | **5 October 2026** | | Disclosed on | Form 3X pre-general report, file **2038862**, coverage **1–14 October 2026**, received **22 October 2026**, signed by treasurer Allison Wright | | Line | **`SA13`** — Line 13, *loans received* | | Running aggregate on the filing | $15,000,000.00 — nothing earlier in the cycle | > [!important] This is borrowed money, not given money. > A loan appears in a committee's receipts and inflates its apparent fundraising, but it is a liability. > Reading Line 13 as income misstates the committee's position: the $15 million has to be repaid, with > interest, out of money not yet raised. ## What it was a share of From the same report's summary page: | Line | Figure | |---|---| | [22] Cash on hand, 1 October 2026 | $24,943,819.24 | | [23] **Total receipts, 1–14 October** | **$28,019,595.08** | | [25] Total disbursements, 1–14 October | $32,294,351.54 | | [26] Cash on hand, 14 October 2026 | **$20,669,062.78** | | [34] Total *contributions* received in the period | $8,663,706.33 | | [36] Line 13, loans received in the period | **$15,000,000.00** | The arithmetic identity holds: $24,943,819.24 + $28,019,595.08 − $32,294,351.54 = $20,669,062.78. Two ratios are worth stating plainly: - The loan is **53.5% of everything the committee booked as receipts** in the fortnight. - It is **1.73 times every contribution the committee received** in the same fortnight. The committee also spent more than it took in across the period — $32.29 million out against $28.02 million in — and ended 14 October with $20.67 million on hand. Across the whole 2026 cycle it reports $136,542,962.02 of receipts, of which this single loan is **11.0%**. ## Why it is on this site Three weeks earlier this site recorded the Republican mirror image: **[[Chain Bridge Bank 20M Credit to NRSC]]** — $20,000,000.00 of credit from a McLean, Virginia bank to the **[[National Republican Senatorial Committee]]** across September 2026, **38.9%** of that committee's receipts for the month. Put side by side, the two tell the same story about the closing weeks of the 2026 Senate map: | | DSCC | NRSC | |---|---|---| | Lender | **[[Amalgamated Bank]]** | **[[Chain Bridge Bank]]** | | Amount | $15,000,000.00 | $20,000,000.00 | | Date(s) | 2026-10-05 | 2026-09-01 and 2026-09-22 | | Share of the period's receipts | **53.5%** | 38.9% | | Rows | one | two | **Both Senate campaign committees borrowed eight figures in the closing weeks**, and in the Democratic committee's case the borrowing exceeded everything it raised in the same period. That is a fact about the cost of the map rather than about either party's donors: the committees are spending ahead of their receipts and closing the gap with bank credit, which the eventual winners will repay out of the next cycle's fundraising. ## What to watch - **The post-general report**, which will show whether any of the $15 million has been repaid and what the outstanding balance is. - **A second loan row from either committee** before 3 November. The 48-hour and 24-hour notice regime does not cover loans, so a further advance would not surface until the next periodic report. - **The interest terms**, which the Schedule C loan detail should carry and which are not read here. ## See also - [[Amalgamated Bank]] · [[Democratic Senatorial Campaign Committee]] - [[Chain Bridge Bank]] · [[Chain Bridge Bank 20M Credit to NRSC]] · [[National Republican Senatorial Committee]] - [[2026 Midterms Hub]] · [[Donor Network Hub]]