Helyn Research

The Majority Whip raised $8.2M last cycle. 82% of individual donors live outside Minnesota. Fewer than 450 in his own district funded his campaign. $10M from 800+ PACs. 99.4% from outside the district. The American Bankers Association gave the legal max every cycle for seven years straight.

Emmer's district: 15,000 insulin users. Cost to produce a vial: $7. Pharmacy price: $315. His record on insulin pricing across six Congresses: blank. He voted against the $35 cap. Twice. Called it "a price fixing scheme." 75% of his own party's voters support it. Pharma PACs: $439,500.

The Majority Whip delivered the Big Beautiful Bill 215-214. One vote. That bill cut Medicaid by $900 billion. One month later, CentraCare -- the largest hospital system in his own district -- laid off 535 workers.

675,000 public comments. 98% supported the mining ban. Congress overrode them 214-208. A Chilean billionaire's subsidiary will extract copper next to the Boundary Waters and ship it to China. Under the 1872 Mining Act, they pay zero federal royalties. The Ojibwe were never consulted.

Congress voted 214-208 to open the Boundary Waters watershed to sulfide mining by a Chilean billionaire family. 14 of 14 comparable mines contaminated surrounding water. The Ojibwe were not consulted. Their 1854 treaty rights were not mentioned in the debate.

The President signed a stablecoin law while earning 7M from his crypto venture — per his disclosure. 102 Democrats voted yes. Democrats who crossed had 3.6x more in career PAC contributions than those who didn't. The money preceded the vote by months. FEC bulk data + VoteView. @opensecrets.org

The pattern holds across six 119th Congress bills. Democrats who crossed on all six: 2.1M median PAC contributions. Democrats who never crossed: .4M. 28 crossed every time. 67 never crossed once. Documented correlation — the data does not prove causation. helyn.com/follow-the-money

The GENIUS Act took effect July 2025. Regulators just issued joint implementation rules — monthly reserve disclosures, AML/KYC requirements for every stablecoin issuer. Every issuer except one family's product got an exemption vote. It failed 211-219. helyn.com/the-briefing/tom-emmer/the-loop

$TRUMP token: launched 3 days before inauguration. Family kept 80% of the supply. Made $2.3B. Retail investors lost $2.3B. Down 97%. "The Loop" documents how the President profits while his Whip writes the rules. helyn.com/the-briefing/tom-emmer/the-loop

The Social Security trust fund depletes in 2032. The Trustees Report moved it up a year. It models each risk separately. We identified seven policies — several from the same bill — all hitting the fund at once. No combined scenario has been published. helyn.com/r/reckoning #SocialSecurity #OBBBA

The Majority Whip on Tax Day: "By the time of the midterms, people are not only going to be talking about it, they are going to feel it." The provisions made permanent — corporate rates, estate exemptions, pass-throughs — aren't subject to the pressure. Tips, overtime, auto loans expire by 2029.

The Social Security trust fund depletes in 2032. The Trustees Report moved it up a year. It models each risk separately. We identified seven policies — several from the same bill — all hitting the fund at once. No combined scenario has been published. helyn.com/r/reckoning #SocialSecurity #OBBBA