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Arkansas GOP Sen. Tom Cotton spoke in favor of Stephens, an investment banker from his home state, describing him as a “family man, businessman, philanthropist, and patriot.”
Stephens served as President and CEO of Stephens Inc., a Little Rock-based investment banking business, until January.
According to Federal Election Commission records, Stephens donated $1 million to “Our Principles PAC,” a nonprofit that opposed Trump’s first presidential campaign.