Description
Using our intelligently designed and intuitive dataset, you can quickly understand how Bank Of America, Na (BAC) is lobbying the U.S. government, how much they’re spending on it, and most importantly – the bills and specific issues on which they lobby.
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Our lobbying data is collected and aggregated from the U.S. Senate Office of Public Records from 1999-present and is updated on a regular basis. We utilize advanced data science techniques to ensure accurate data points are collected and ingested, match similar entities across time, and tickerize publicly traded companies that lobby.
Our comprehensive and advanced lobbying database is completed with all the information you need, with more than 1.6 million lobbying contracts ready-for-analysis. We include detailed information on all aspects of federal lobbying, including the following fascinating attributes, among much more:
1. Clients: The publicly traded company, privately owned company, interest group, NGO, or state or local government that employs or retains a lobbyist or lobbying firm.
2. Registrants (Lobbying Firms): Either the name of the lobbying firm hired by the client, or the name of the client if the client employs in-house lobbyists.
3. Lobbyists: The names and past government work experience of the individual lobbyists working on a lobbying contract. 3. General Issues: The general issues for which clients lobby on (ex: ENV – Environment, TOB – Tobacco, FAM – Family Issues/Abortion).
4. Specific Issues: A long text description of the exact bills and specific issues for which clients lobby on.
5. Bills Lobbied On: The exact congressional bills and public/private laws lobbied on, parsed from lobbying report specific issues (ex: H.R. 2347, S. 1117, Tax Cuts and Jobs Act).
6. Agencies Lobbied: The names of one or more of 250+ government agencies lobbied on in the contract (ex: White House, FDA, DOD).
7. Foreign Entities: The names and origin countries of entities affiliated with the client (ex: BNP Paribas: France).
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Frequently Asked Questions
What is Bank Of America, Na (BAC) lobbying for?
Summary of Lobbying Data:
Bank Of America, Na hired three lobbying firms – Tiber Creek Group, Empire Consulting Group, Bank Of America Corporation – to lobby on various general issues such as taxation/internal revenue code, telecommunications, financial institutions/investments/securities, banking, housing, science/technology, and retirement. The company also lobbied on specific issues, including cybersecurity, overdraft protection, retirement savings incentives, data security and privacy, fixed-income markets, digital assets, international taxation of branches, credit card routing mandates, and renewable energy tax incentives. They lobbied with the Senate, White House Office, House of Representatives, and Department of Treasury.
Inference about Why the Company is Lobbying:
One could infer that Bank Of America, Na is lobbying on these issues to shape policies and regulations that may directly impact its financial interests. For example, lobbying on issues related to taxation/internal revenue code, financial institutions/investments/securities, and fixed-income markets could be aimed at reducing their tax burden, minimizing regulatory compliance costs, and favorably influencing the regulatory environment for trading and investments. Lobbying on cybersecurity, data privacy, and renewable energy tax incentives may also be aimed at mitigating risks and strengthening its reputation in the market. Additionally, lobbying on retirement savings incentives and overdraft protection could be aimed at influencing policies that could potentially boost its business revenues.