Tuesday, August 18, 2009
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.