For Immediate Release
Top 10 Financial Lobby Firms
WASHINGTON - The top 10 lobbying firms working on financial
regulatory reform represented 130 key clients and billed those clients
more than $30 million in overall fees, according to a Center for Public Integrity analysis of lobbying
disclosure reports for all of 2009 and the first quarter of 2010. Almost
all of these lobbying firms have close ties to Capitol Hill.
Topping the list is the Washington firm of Clark Lytle & Geduldig,
with 20 clients. The firm earned $1.3 million lobbying on financial
reform and other issues. Its chief financial lobbyist, Sam Geduldig, was
House Minority Leader John Boehner’s political director and also was a
senior adviser to Missouri Rep. Roy Blunt.
Number two is Brownstein Hyatt Farber Schreck LLP, with 19 clients and
$3.4 million in overall revenues. Hyatt’s finance team is led by Michael
Levy, a former senior adviser to then-Treasury Secretary Robert Rubin
during the Clinton administration and a former chief of staff to
then-Sen. Lloyd Bentsen, D-Texas.
With 18 clients and $6.78 million in overall fees, Ogilvy Government
Relations ranked third. The firm’s Senior Vice President, Dean Aguillen,
was a former senior adviser to House Speaker Nancy Pelosi.
See the full list.
In assembling its list, the Center ranked the lobby firms based on the
number of clients each represented in the financial reform debate.
Because the firms are not required to itemize spending by issue, the
exact dollar amount they earned from working specifically on financial
reform remains unclear.
In all of 2009 and the first quarter of 2010, more than 850 businesses
and organizations spent at least $1.3 billion to lobby on financial
reform and other issues, the Center’s analysis found. Out of that total,
experts say it’s a safe bet that several hundred million dollars was
spent specifically on lobbyists in the financial debate.
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do.
The Center for Public Integrity is a nonprofit organization dedicated to producing original, responsible investigative journalism on issues of public concern. The Center is non-partisan and non-advocacy. We are committed to transparent and comprehensive reporting both in the United States and around the world.