Description
Using our intelligently designed and intuitive dataset, you can quickly understand how Truist Financial Corporation (TFC) 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 Truist Financial Corporation (TFC) lobbying for?
Summary of lobbying data:
– Lobbying firms hired: Truist Financial Corporation (Formerly Known As Bb&T)
– General issues they lobbied on: Financial Institutions/Investments/Securities, Accounting, Banking, Economics/Economic Development
– Government agencies they lobbied: Senate, House of Representatives
– Specific issues they lobbied on: Payment, central bank digital currency; Low income and housing assistance programs., The Fair Hiring in Banking Act in the House/Senate. Preparation for September 2022, stablecoin and central bank digital currency; data protection and privacy, Bills related to alternative underwriting to expand financial access. Efforts around reforming the Community Reinvestment Acts regulatory framework. Developing an all of government approach to address public and private sector financial fraud. HR 5911 The Fair Hiring in Banking Act. Ignite/HBCU,TCU,MS Research and development infrastructure grants. Development/consideration of proposals to enhance production of residential housing. Promoting retention of regulatory tailoring for banks identified as not being non-systemically significant or risky. Monitor crypto collapse hearings and stable coin legislation. Credit card swipe fees related legislation., Payments fraud. Availability and applicability of bank, HEROES/CARES/Economic Assistance extension, and other financial charters; central bank digital currency; and LIBOR transition., stablecoin and central bank digital currency; data protection and privacy and LIBOR transition., The Fair Hiring in Banking Act and preparation for September 2022, PPP oversight and operation; infrastructure and tax reform; availability and applicability of bank, Bank Oversight hearing. Availability and applicability of bank, PPP extension, infrastructure and tax reform; central bank digital currency; and LIBOR transition., PPP oversight and operation; availability and applicability of bank, Availability and applicability of bank, Bank Oversight hearing. Low income and housing assistance programs. Payments fraud. Availability and applicability of bank, and other financial charters; central bank digital currency; data protection and privacy and LIBOR transition., BSA/AML reform, Bills related to alternative underwriting to expand financial access. Developing an all of government approach to address public and private sector financial fraud.
One could infer that Truist Financial Corporation is lobbying on these specific issues in order to protect its own interests and to influence legislation and regulations that could impact its business operations. The company’s specific lobbying efforts on payment systems, central bank digital currency, and data protection/privacy may indicate that it wants to stay informed of potential disruptions and changes to the financial industry, and to ensure that it remains competitive and compliant with relevant laws and regulations. Additionally, their focus on low income and housing assistance programs and alternative underwriting for financial access suggests that they are seeking to expand their customer base by promoting initiatives that make financial products more accessible to underserved populations.
