[CAPTURE PORTAL] 119TH CONGRESS
Legislative Integrity Monitor
Goblin House Intelligence
Congress → Officials → Derek Schmidt

Derek Schmidt

Republican · Representative, KS ·2

Derek Schmidt is the Republican U.S. Representative (KS's 2nd congressional district). The platform has 5 voting records on file (2025) and 39 verified facts on file covering this member's voting positions, financial disclosures, and stated platform commitments.

Score Components
51 MODERATE
Connection Density 20%
29 → 6
Donor Influence 15%
37 → 6
Silence Risk 25%
48 → 12
Contradiction Risk 25%
76 → 19
Intelligence Volume 15%
54 → 8
Constituency Deviation 0%
42 → 0
Voting Misalignment 0%
0 → 0
% = weight in composite score · Raw component 0–100 × weight = weighted contribution (→) · Sum of contributions = overall score. Hover a row for details.
[constituency_baseline] Demographic anchor: 2024 presidential margin (Trump): 57.2% Trump – 41.2% Harris
secondary ✓ Verified
[constituency_baseline] Demographic anchor: foreign-born population: 6.05% (44,300 residents)
secondary ✓ Verified
[constituency_baseline] Demographic anchor: bachelor's degree or higher: 27.9%
secondary ✓ Verified
[constituency_baseline] Demographic anchor: population: 732,657 (2024)
secondary ✓ Verified
[constituency_baseline] Demographic anchor: homeownership rate: 68.0%
secondary ✓ Verified
[constituency_baseline] Demographic anchor: median age: 37.7 years
secondary ✓ Verified
[constituency_baseline] Demographic anchor: poverty rate: 13.3% (2024)
secondary ✓ Verified
[constituency_baseline] Demographic anchor: median household income: $65,594 (2024)
secondary ✓ Verified
[constituency_baseline] Ballot measure: Kansas Constitutional Amendment on Legislative Veto of Agency Regulations (2024) — passed, margin 53.8% Yes – 46.2% No
secondary ✓ Verified
[constituency_baseline] Dominant industry: NAICS 11 - Agriculture, Forestry, Fishing and Hunting (share 0.03)
secondary ✓ Verified
[constituency_baseline] Dominant industry: NAICS 44-45 - Retail Trade (share 0.114)
secondary ✓ Verified
[constituency_baseline] Dominant industry: NAICS 31-33 - Manufacturing (share 0.123)
secondary ✓ Verified
[constituency_baseline] Dominant industry: NAICS 62 - Health Care and Social Assistance (share 0.245)
secondary ✓ Verified
[constituency_baseline] Top employer: Fort Leavenworth (U.S. Army Combined Arms Center) (5500 employees)
secondary ✓ Verified
[constituency_baseline] Top employer: Kansas State University (5674 employees)
secondary ✓ Verified
[constituency_baseline] Top employer: Fort Riley (U.S. Army 1st Infantry Division) (15000 employees)
secondary ✓ Verified
[constituency_baseline] District summary: Kansas's 2nd Congressional District covers most of eastern Kansas across 27 counties, wrapping around the Kansas City metropolitan area. The district has a population of approximately 732,657, is 73.6% White (Non-Hispanic) with a 13.5% Hispanic population, and has a median age of 37.7. Median household income is $65,594, the poverty rate is 13.3%, and the homeownership rate…
[ Show full fact ]
[constituency_baseline] District summary: Kansas's 2nd Congressional District covers most of eastern Kansas across 27 counties, wrapping around the Kansas City metropolitan area. The district has a population of approximately 732,657, is 73.6% White (Non-Hispanic) with a 13.5% Hispanic population, and has a median age of 37.7. Median household income is $65,594, the poverty rate is 13.3%, and the homeownership rate is 68%. Only 27.9% of residents hold a bachelor's degree or higher, below the national average of 33.7%. Dominant industries by employment are Educational/Health/Social Services (24.5%), Manufacturing (12.3%), and Retail Trade (11.4%), with Agriculture employing only 3.0%. The district is home to major military installations including the U.S. Army's 1st Infantry Division at Fort Riley and the Combined Arms Center at Fort Leavenworth. The district leans heavily Republican (Cook PVI R+20), and Donald Trump carried it by approximately 57% in 2024.
secondary ✓ Verified
Voted yea on H.R. 4 (Rescissions Act of 2025) on 2025-06-12: Schmidt voted to rescind $9.4 billion in previously appropriated federal funding, including cuts to the Corporation for Public Broadcasting. KS-02 is largely rural with limited broadband access and many communities dependent on public broadcasting for news and emergency alerts. The vote aligned with Club for Growth priorities and fiscal conservative…
[ Show full fact ]
Voted yea on H.R. 4 (Rescissions Act of 2025) on 2025-06-12: Schmidt voted to rescind $9.4 billion in previously appropriated federal funding, including cuts to the Corporation for Public Broadcasting. KS-02 is largely rural with limited broadband access and many communities dependent on public broadcasting for news and emergency alerts. The vote aligned with Club for Growth priorities and fiscal conservative donors but reduced services disproportionately affecting rural constituents.
primary · 2025-06-12 ✓ Verified
Voted yea on H.R. 26 (Protecting American Energy Production Act) on 2025-02-07: Schmidt voted to prohibit any presidential moratorium on hydraulic fracturing, aligning with the oil and gas industry. KS-02's economy is only 3% agriculture/forestry/fishing/mining combined, and the district contains no significant fracking operations. The vote primarily served donor and party interests. Agribusiness ($89,801 top…
[ Show full fact ]
Voted yea on H.R. 26 (Protecting American Energy Production Act) on 2025-02-07: Schmidt voted to prohibit any presidential moratorium on hydraulic fracturing, aligning with the oil and gas industry. KS-02's economy is only 3% agriculture/forestry/fishing/mining combined, and the district contains no significant fracking operations. The vote primarily served donor and party interests. Agribusiness ($89,801 top sector) and energy-sector donors benefited while the district's environmental and public-health interests were not served.
primary · 2025-02-07 ✓ Verified
Voted yea on H.Con.Res. 14 (Establishing the Congressional Budget for FY2025) on 2025-02-25: Schmidt supported a budget framework authorizing $4.5 trillion in tax cuts while calling for deep reductions to safety-net spending. He publicly acknowledged the resolution 'only slows the growth of federal spending — it doesn't cut it,' yet voted for a framework that nonpartisan analysts warned prioritized tax cuts for…
[ Show full fact ]
Voted yea on H.Con.Res. 14 (Establishing the Congressional Budget for FY2025) on 2025-02-25: Schmidt supported a budget framework authorizing $4.5 trillion in tax cuts while calling for deep reductions to safety-net spending. He publicly acknowledged the resolution 'only slows the growth of federal spending — it doesn't cut it,' yet voted for a framework that nonpartisan analysts warned prioritized tax cuts for corporations and the wealthy. The district's 13.3% poverty rate and 27.9% bachelor's-degree attainment (below the national 33.7%) suggest constituents would be more reliant on federal programs than the tax-cut beneficiaries Schmidt prioritized.
primary · 2025-02-25 ✓ Verified
American Civil Liberties Union (ACLU) adversarial As Kansas Attorney General, Schmidt defended the state's documentary proof-of-citizenship voter law through multiple appeals; the state ultimately paid $1.9…
Ron Estes vote_alignment Estes voted yea on H.R. 29 (Laken Riley Act) alongside fellow Kansas Republicans Tracey Mann and Derek Schmidt on January 7, 2025.
America'S Mountain PAC donor $7,000 to Derek Schmidt's principal committee in the 2026 cycle (3 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00883413/
Florida Freedom Fund PAC donor $5,000 to Derek Schmidt's principal committee in the 2026 cycle (1 contribution), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00825430/
Defending The American Dream PAC donor $6,000 to Derek Schmidt's principal committee in the 2026 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00822833/
B Brigade Majority Fund donor $6,000 to Derek Schmidt's principal committee in the 2026 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00820787/
Helping Exceptional Leaders Organize donor $7,000 to Derek Schmidt's principal committee in the 2026 cycle (3 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00820100/
American Israel Public Affairs Committee PAC donor $10,000 to Derek Schmidt's principal committee in the 2024 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00797670/
Raptor PAC donor $5,000 to Derek Schmidt's principal committee in the 2024 cycle (1 contribution), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00749481/
Vitoria PAC donor $7,000 to Derek Schmidt's principal committee in the 2026 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00712695/
Buckeye Liberty PAC donor $5,000 to Derek Schmidt's principal committee in the 2026 cycle (1 contribution), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00693796/
Garmin International Inc Political Action Committee donor $5,000 to Derek Schmidt's principal committee in the 2026 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00660894/
Lockton Inc Polictical Action Committee donor $5,000 to Derek Schmidt's principal committee in the 2026 cycle (1 contribution), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00652529/
Restoring Our Nation donor $7,000 to Derek Schmidt's principal committee in the 2026 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00649525/
American Revival PAC donor $10,000 to Derek Schmidt's principal committee in the 2024 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00639229/
Electing Majority Making Effective Republicans (Emmer PAC) donor $5,000 to Derek Schmidt's principal committee in the 2024 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00592089/
Mr. Southern Missourian In The House PAC donor $10,000 to Derek Schmidt's principal committee in the 2024 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00563726/
One Gas Inc PAC donor $5,000 to Derek Schmidt's principal committee in the 2024 cycle (2 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00554444/
Bringing Republican Excellence To Town PAC (Brettpac) donor $5,000 to Derek Schmidt's principal committee in the 2024 cycle (1 contribution), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00483487/
Growth Energy - America'S Ethanol Supporters donor $10,000 to Derek Schmidt's principal committee in the 2026 cycle (3 contributions), FEC Schedule A line 11C. https://www.fec.gov/data/committee/C00475665/
BillVoteDateAlignment
An Act to amend the Internal Revenue Code of 1986 to allow early childhood… Yea 2026-09-16 unknown
National Fraud Enforcement Division Act Yea 2026-09-16 unknown
Ratepayer Protection Act Yea 2026-09-16 unknown
PROOF Act Yea 2026-09-16 unknown
Providing for congressional disapproval under chapter 8 of title 5, United… Yea 2026-09-16 unknown
Water Resources Development Act Yea 2026-09-16 unknown
Retire through Ownership Act Yea 2026-09-16 unknown
Diesel Emissions Reduction Act Nay 2026-09-15 unknown
Tax Relief for Fraud Victims Act Yea 2026-09-15 unknown
Providing for consideration of the bills H.R. 9576 and H.R. 10326, providing… Yea 2026-09-15 unknown
Directing the President, pursuant to section 5(c) of the War Powers… Nay 2026-09-15 unknown
GUARD Act Yea 2026-09-15 unknown
Providing for congressional disapproval under chapter 8 of title 5, United… Yea 2026-09-15 unknown
Providing for consideration of the bills H.R. 9576 and H.R. 10326, providing… Yea 2026-09-15 unknown
Fostering the Use of Technology to Uphold Regulatory Effectiveness in… Yea 2026-09-15 unknown
Impeaching Donald John Trump, President of the United States, for high crimes… Yea 2026-09-15 unknown
Whistleblower Protection Act Yea 2026-09-15 unknown
National Wildlife Refuge System Invasive Species Strike Team Act Nay 2026-09-14 unknown
Local Communities & Bird Habitat Stewardship Act Nay 2026-09-14 unknown
Protect Economic and Academic Freedom Act Yea 2026-09-03 unknown
Protecting Domestic Mining Act Yea 2026-09-02 unknown
Proposing an amendment to the Constitution of the United States to require… Yea 2026-09-02 unknown
Providing for the condemnation and denouncement of socialism in all its forms… Yea 2026-09-01 unknown
To amend the Consolidated Appropriations Act, 2023 to extend the time period… Nay 2026-09-01 unknown
In the matter of allegations relating to Representative Chuck Edwards Yea 2026-09-01 unknown
AGOA Extension Act Yea 2026-09-01 unknown
To amend the Consolidated Appropriations Act, 2023 to extend the time period… Yea 2026-09-01 unknown
Providing for consideration of the bills (H.R. 1501, H.R. 9436, and H.R… Yea 2026-09-01 unknown
Providing for consideration of the bills (H.R. 1501, H.R. 9436, and H.R… Yea 2026-09-01 unknown
Local Access to Courts Act Yea 2026-08-31 unknown
Last contradiction analysis: Never
reversal 90/100
Platform: "As Kansas Attorney General, Schmidt defended the state's documentary proof-of-citizenship law for voter registration through multiple appeals, all the way to the U.S. Supreme Court, which declined to hear the case in…
[ Show full platform position ]
As Kansas Attorney General, Schmidt defended the state's documentary proof-of-citizenship law for voter registration through multiple appeals, all the way to the U.S. Supreme Court, which declined to hear the case in December 2020. Federal courts had ruled the law unconstitutional because it disenfranchised tens of thousands of eligible Kansas voters. The state ultimately paid $1.9 million in legal fees to the ACLU.
"
Vote: on "In April 2025, Congressman Schmidt joined House GOP leadership to promote the federal SAVE Act…"
Schmidt defended Kansas' proof-of-citizenship law through years of failed litigation costing taxpayers $1.9 million, then as a Congressman championed a federal version. Despite claiming the SAVE Act is 'nearly identical' to the Kansas law that was struck down and disenfranchised tens of thousands, he now asserts it…
[ Show full analysis ]
Schmidt defended Kansas' proof-of-citizenship law through years of failed litigation costing taxpayers $1.9 million, then as a Congressman championed a federal version. Despite claiming the SAVE Act is 'nearly identical' to the Kansas law that was struck down and disenfranchised tens of thousands, he now asserts it will 'safeguard our elections.' He has not acknowledged the prior court rulings or the costs to Kansas taxpayers.
position_evolution 60/100
Platform: "As Kansas Attorney General and Republican candidate for governor in 2022, Schmidt opposed Medicaid expansion in Kansas. His running mate stated: 'neither she nor the attorney general would support Medicaid expansion in…
[ Show full platform position ]
As Kansas Attorney General and Republican candidate for governor in 2022, Schmidt opposed Medicaid expansion in Kansas. His running mate stated: 'neither she nor the attorney general would support Medicaid expansion in its current proposed form.' Schmidt had previously joined multi-state lawsuits against the Affordable Care Act.
"
Vote: on "In his May 2025 statement applauding passage of H.R. 1, Schmidt wrote: 'We increased payments to…"
Schmidt spent over a decade opposing Medicaid expansion and suing to block the ACA as AG. As a Congressman, he voted for H.R. 1 and claimed it would help rural hospitals in non-expansion states. The nonpartisan analysis projecting $880 billion in Medicaid cuts over 10 years directly contradicts his framing of the…
[ Show full analysis ]
Schmidt spent over a decade opposing Medicaid expansion and suing to block the ACA as AG. As a Congressman, he voted for H.R. 1 and claimed it would help rural hospitals in non-expansion states. The nonpartisan analysis projecting $880 billion in Medicaid cuts over 10 years directly contradicts his framing of the bill as protecting Kansas healthcare providers.
position_evolution 60/100
Platform: "In his farewell letter as Kansas Attorney General in January 2023, Schmidt listed 'successful challenges to parts of the Affordable Care Act (Obamacare)' and 'fighting vaccine mandates' as notable accomplishments of…
[ Show full platform position ]
In his farewell letter as Kansas Attorney General in January 2023, Schmidt listed 'successful challenges to parts of the Affordable Care Act (Obamacare)' and 'fighting vaccine mandates' as notable accomplishments of his 12-year tenure.
"
Vote: on "In October 2025, Schmidt accused Senate Democrats of 'playing political games with federal…"
Schmidt's 2023 farewell letter celebrated his legal challenges to the ACA and vaccine mandates. His October 2025 criticism of Senate Democrats for prolonging a shutdown he blamed on partisanship contrasts with his own history of using litigation to block federal health policy — a strategy that itself could be…
[ Show full analysis ]
Schmidt's 2023 farewell letter celebrated his legal challenges to the ACA and vaccine mandates. His October 2025 criticism of Senate Democrats for prolonging a shutdown he blamed on partisanship contrasts with his own history of using litigation to block federal health policy — a strategy that itself could be characterized as political gamesmanship.
Last silence detection: Tue, 13 Oct 2026 01:15:55 GMT (via scheduled run)
Clergy sexual abuse investigation — four-year delay in releasing findings
1513d silent
Expected position: As Kansas Attorney General who requested the KBI clergy abuse investigation in November 2018, Schmidt was expected to release findings promptly to enable prosecution. The investigation identified 188 Catholic clergy suspected of abusing…
[ Show full donor-interest summary ]
Expected position: As Kansas Attorney General who requested the KBI clergy abuse investigation in November 2018, Schmidt was expected to release findings promptly to enable prosecution. The investigation identified 188 Catholic clergy suspected of abusing over 400 children since 1950. Evidence of activity on adjacent topics: Schmidt waited until his last full day in office (January 6, 2023) to release only a summary of the four-year investigation. The Kansas Reflector reported that the report was 'feeble' and Schmidt 'allowed likely sexual abusers of children to walk free' by not referring cases for prosecution earlier. During the same period, Schmidt was actively litigating cases before the U.S. Supreme Court, opposing vaccine mandates, and running for governor. Primary URL: https://kansasreflector.com/2023/01/08/feeble-clergy-sex-abuse-report-exposes-schmidts-sins-he-betrayed-his-office-and-kansas-kids/
other / unclassified
Republican Mainstreet Partnership PAC, Husch Blackwell Political Action Committee, American Revival PAC, Helping Exceptional Leaders Organize (amounts: $6,000 (2026), $5,000 (2026), $10,000 (2024), $7,000 (2026)) — interest area: other / unclassified
corporate pacs, industry unlisted
Seaboard Corporation Political Action Committee, Fareway Stores Inc. PAC (Fas PAC), Serco Inc. Political Action Committee (Serco PAC), Spirit Aerosystems Inc PAC, Garmin International Inc Political Action Committee (amounts: $10,000 (2026), $7,000 (2026)…
[ Show full donor-interest summary ]
Seaboard Corporation Political Action Committee, Fareway Stores Inc. PAC (Fas PAC), Serco Inc. Political Action Committee (Serco PAC), Spirit Aerosystems Inc PAC, Garmin International Inc Political Action Committee (amounts: $10,000 (2026), $7,000 (2026), $5,000 (2026), $10,000 (2024), $5,000 (2026)) — interest area: corporate pacs, industry unlisted
colleagues' leadership pacs
Raptor PAC, Majority Committee PAC-Mc PAC, American Security PAC, Gridiron-PAC, Free State PAC, Eye Of The Tiger PAC, Bringing Republican Excellence To Town PAC (Brettpac), Mr. Southern Missourian In The House PAC, Electing Majority Making Effective…
[ Show full donor-interest summary ]
Raptor PAC, Majority Committee PAC-Mc PAC, American Security PAC, Gridiron-PAC, Free State PAC, Eye Of The Tiger PAC, Bringing Republican Excellence To Town PAC (Brettpac), Mr. Southern Missourian In The House PAC, Electing Majority Making Effective Republicans (Emmer PAC), Restoring Our Nation, Buckeye Liberty PAC, B Brigade Majority Fund, Defending The American Dream PAC, Florida Freedom Fund PAC, America'S Mountain PAC (amounts: $5,000 (2024), $5,000 (2024), $5,000 (2026), $7,500 (2026), $5,000 (2024), $5,000 (2024), $5,000 (2024), $5,000 (2026), $5,000 (2024), $7,000 (2026), $5,000 (2026), $6,000 (2026), $6,000 (2026), $5,000 (2026), $7,000 (2026)) — interest area: colleagues' leadership pacs
other candidates' committees
Huck PAC, Vitoria PAC (amounts: $5,000 (2024), $7,000 (2026)) — interest area: other candidates' committees
Wine And Spirits Wholesalers Of America, Inc. PAC Alcohol & tobacco $10,000 (2026)
America'S Mountain PAC Colleagues' leadership PACs $7,000 (2026)
Florida Freedom Fund PAC Colleagues' leadership PACs $5,000 (2026)
Defending The American Dream PAC Colleagues' leadership PACs $6,000 (2026)
B Brigade Majority Fund Colleagues' leadership PACs $6,000 (2026)
Helping Exceptional Leaders Organize Other / unclassified $7,000 (2026)
American Israel Public Affairs Committee PAC Law & lobbying firms $10,000 (2026)
Raptor PAC Colleagues' leadership PACs $5,000 (2024)
Vitoria PAC Other candidates' committees $7,000 (2026)
Buckeye Liberty PAC Colleagues' leadership PACs $5,000 (2026)
Garmin International Inc Political Action Committee Corporate PACs, industry unlisted $5,000 (2026)
Lockton Inc Polictical Action Committee Insurance $5,000 (2026)
Restoring Our Nation Colleagues' leadership PACs $7,000 (2026)
American Revival PAC Other / unclassified $10,000 (2024)
TopicPriorityAlignmentDeviation
Healthcare Access and Affordability 82 45 55
Social Security and Medicare 68 50 50
Infrastructure and Rural Broadband 73 70 30
Disaster Relief and Emergency Management 70 75 25
Education and Rural Schools 78 80 20
Government Spending and Deficit Reduction 65 85 15
Veterans Affairs and Military 85 85 15
Immigration/Foreign-Born Population 75 85 15
Agricultural Policy and Farm Bill 96 88 12
Tax Policy and Economic Growth 88 90 10
Energy Production and Independence 90 92 8
Border Security and Immigration 92 95 5
No platform commitments archived
No committee memberships recorded
Scoring Methodology

The Capture Risk Score is a composite 0–100 index measuring potential regulatory capture of elected officials. It is computed from seven weighted components:

ComponentWeightSignal
Contradiction Risk30%Stated positions contradicted by the record (recent findings boosted)
Donor Influence20%Distinct documented donors (FEC Schedule A PACs); inferred donors do not count
Connection Density20%Mapped relationships to lobbyists, contractors, interest groups; donor links excluded
Silence Risk15%Topics where donors have interests but the official is silent
Intelligence Volume15%Documented facts from verified sources
Constituency Deviation0%Shown, not weighted — a model estimate, not a record
Voting Misalignment0%Shown, not weighted — needs platform commitments almost nobody has; the roll-call record on /votes is the vote signal

Each component is the member's standing among all scored members of Congress, and the weighted sum is the overall score. Tiers are ranks: Critical is the top 5%, High the next 10%, Elevated the next 20%, Moderate the next 30%, and Low the rest.

Officials without at least 2 documented facts, 1 contradiction analysis, 1 voting record, or 1 constituency baseline are marked Insufficient Evidence and excluded from numeric ranking.

Contradiction findings from the last 180 days receive a recency boost. High-severity contradictions (score ≥ 70) receive additional weight.

Full methodology: /congress/methodology

[PUBLIC COST ESTIMATE]
Documented financial relationships span 0 money flow chains, while 1 elected official holds documented connections.
$4.2BDonor Contributions
0Money Chains
0Traced Hops
Connected Officials
Calculation Methodology

Contract values are summed from documented money flow chains where this entity appears as a source or destination node. Amounts are drawn from USASpending.gov, FEC filings, SEC EDGAR, or LD-2 lobbying registrations.

Donor contributions aggregate documented amounts from the donor_interests table, sourced from FEC individual and PAC contribution filings.

Connected officials are elected officials in our database with a mapped relationship (lobbying, board membership, campaign contribution, etc.) to this entity.

Annualised flow represents the total documented dollar amount traced through money flow hops involving this entity. Where hop-level amounts are unavailable, the chain-level documented total is used as a conservative upper bound.

All figures are drawn from public filings. Estimates are conservative — undisclosed transactions, dark money, and vanish-point hops are excluded from totals. This is a minimum documented floor, not a ceiling.

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