Tuesday, August 18, 2009
Investment News reports on the big bucks paid by financial firms in the second quarter on lobbying Congress. SIFMA paid $1.25 million, the Investment Company Institute paid $1.23 million, and the American Council of Life Insurers paid $2 million. InvNews, Groups opened wallets to influence financial reforms in second quarter.
Mutual funds also spent large sums. InvNews, Fidelity, Vanguard, others spent big bucks on 2Q lobbying.