Quid Pro Quo (QPQ) Tracker
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Rulemaking · Federal Reserve · Jun 25, 2020

Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds

The 2020 Volcker Rule amendments loosened the restrictions on banks investing in and sponsoring hedge funds and private equity funds.

Docket or bill
85 FR 46422
Official record
https://www.sec.gov/newsroom/press-releases/2020-143

Traceable spending around this event

Tracked direct contributions from finance banking donors to candidates in the year before the event, with transfers to PACs and parties and independent expenditures reported apart, and lobbying on BAN, FIN issue codes in the surrounding window. These are partial, tracked figures scoped to a window, not totals for the industry. Independent expenditures are spent for or against candidates, not given to them, and are never added to the giving figures.

Giving window: Jun 26, 2019 – Jun 25, 2020. Donation records in this database currently run through Oct 20, 2026; lobbying filings through 2026. Figures computed Oct 29, 2026.

Tracked direct giving to candidates (finance banking)

$0

0 contributions to person recipients

Transfers to PACs and parties (finance banking)

$379,938

44 contributions to non-person recipients

IE support

$0

0 independent expenditures for candidates

IE oppose

$0

0 independent expenditures against candidates

Lobbying (BAN, FIN)

$0

0 filings, whole-filing LDA totals

Positions on record

1

curated

Positions

Figures are drawn from tracked FEC donations and Senate LDA lobbying disclosures held in this database. See the methodology for how spending is scoped to an event window. The spending shown is publicly disclosed, and no violation of law is alleged. Its timing does not establish that any spending caused the outcome.