Finance and banking industry
The network of major banks, investment firms, trade associations, PACs, and individual donors that lobby on financial regulation, capital requirements, consumer protection, and derivatives policy.
Tracked direct giving
$0
Tracked donations to candidate
$0
LDA reported lobbying spend
$3,940,000
Connections
13
Coalition view
Finance and banking industry operates as part of a multi-committee coalition with JPMorgan Chase, FINANCIAL SERVICES FORUM, SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION (SIFMA), BANK OF AMERICA CORPORATION, JPMorgan Chase PAC, Securities Industry and Financial Markets Association PAC (SIFMA PAC), Goldman Sachs PAC, Consumer Bankers Association (CBA), American Bankers Association (ABA), Citigroup PAC, Credit Union National Association PAC (CUNA), Morgan Stanley PAC, Citigroup, Bank of America PAC, Goldman Sachs, Wells Fargo PAC, Wells Fargo and American Bankers Association PAC (BANKPAC). Combined tracked totals across all coalition members below give the figure most public sources quote (Sludge, JNS, OpenSecrets).
Combined tracked giving
$5,341,251
Combined tracked receipts
$174,979
Combined lobbying spend
$15,620,000
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Relationships
| Type | Connected To | Details | Source |
|---|---|---|---|
| Advocated for | Financial Innovation and Technology for the 21st Century Act (FIT21, H.R.4763) | Financial industry supported FIT21 as providing needed regulatory clarity for digital assets | Source |
| Advocated against | Basel III Endgame Capital Rules (Fed/OCC/FDIC proposal) | Banking industry mounted massive lobbying campaign against Basel III Endgame capital requirements, reducing proposed increase from ~19% to ~9% | Editorial |
| Has as instrument | FINANCIAL SERVICES FORUM | Financial Services Forum represents the CEOs of the 8 largest US banks | Editorial |
| Coalition with | Goldman Sachs | Goldman Sachs is Wall Street's most politically connected investment bank | Editorial |
| Has as instrument | SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION (SIFMA) | SIFMA represents broker-dealers and investment banks | Editorial |
| Has as instrument | Morgan Stanley PAC | Morgan Stanley PAC supports candidates favorable to investment banking and wealth management interests | Editorial |
| Has as instrument | Credit Union National Association PAC (CUNA) | CUNA PAC supports candidates favorable to credit union industry interests | Editorial |
| Has as instrument | American Bankers Association (ABA) | ABA is the largest banking trade association in the US | Editorial |
| Has as instrument | Consumer Bankers Association (CBA) | CBA represents retail banks on consumer lending policy | Editorial |
| Coalition with | Citigroup | Citigroup is a major global bank with significant lobbying on derivatives regulation | Editorial |
| Coalition with | JPMorgan Chase | JPMorgan Chase is the largest US bank and a leading member of ABA and Financial Services Forum | Editorial |
| Coalition with | BANK OF AMERICA CORPORATION | Bank of America is the second-largest US bank | Editorial |
| Coalition with | Wells Fargo | Wells Fargo is a major consumer bank still under consent orders from fake accounts scandal | Editorial |