WASHINGTON Municipal bond broker-dealer groups have spent nearly $5 million trying to influence federal lawmakers in recent months, using in-house lobbyists as well as outside firms and campaign contributions to promote their positions on securities laws, tax reform, and regulation.
The Securities Industry and Financial Markets Association has spent nearly $4.2 million on its Capitol Hill lobbying efforts during the first two quarters of 2014, according to lobbying disclosure documents which groups are required to submit to the Clerk of the House and the Secretary of the Senate. The group routinely spends more than $5 million on its lobbying efforts every year, but is on pace to spend more this year than in any since 2006 when it spent more than $10 million.
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