Going back to the 1907-13 period when the entire country shifted from municipal to state regulation of the electric industry with the creation of state agencies known as Public utilities commissions, this shift that favored private companies should have been framed as a regressive shift in favor of the "power trust" as big electric companies were commonly referred to or "city vs. state" power politics. But this is not how the conservative press framed the struggle or what its advertising client the electric industry wanted. The shift from municipal to state regulatory oversight also represents one of the largest examples of Regulatory capture known as the complexity of the electricity industry combined with the model laws passed between 1907-13 resulted in commissions made up almost entirely of former industry professionals. This bias became evident when 46 of the 48 state commissions openly sided with the electric industry during public hearings on the Wheeler-Rayburn Bill. In other words, the investigation documented that the electric industry had set up a personal relationship with the owners and editorial boards of the news industry and as a result were being given tens of thousands of free editorial pieces monthly. In many cases, the industry's own press services were distributing content that the local and national newspapers then reprinted without acknowledging the source. This same relationship with the press would then be used to frame the battle to stop the Wheeler-Rayburn bill by terrifying the country's small investors with their "death sentence" clause meme that the press repeated from then on. On February 6, 1935, 9 days after the Federal Trade Commission released its conclusions and recommendations from its six-year probe, Senator Wheeler (SB 1725) and Rep. Rayburn (HR 5423) introduced legislation that became one of the bitterest legislative fights in history. Senator Wheeler's version of the legislation was submitted to the Senate's Interstate Commerce Committee, where public hearings were held and amendments to it were voted on and passed by a vote of 14–2 on May 13. The bill passed the full senate by a vote of 56 to 32 on June 11. However, Representative Rayburn faced a full-scale war. Representatives were being blasted by millions of letters and hundreds of thousands of telegrams demanding the defeat of the legislation, while the industry lined up allies that produced many expert witnesses during hearings. At the same time, an army of unregistered lobbyists stormed the doors of representatives as the country's print media was bombarded with major ads and editorials opposing the legislation. On July 2, newspaper headlines across the country blared that FDR and his "Death Clause" had lost as the House of Representatives pulled the dreaded section 2 of the house bill.