Financial Firms Pay Big Bucks to Lobby Congress

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.