Quiver Quantitative - In a new disclosure filed on Friday, JPMorgan Chase (NYSE:JPM) ($JPM) reported spending $800,000 on lobbying for a wide variety of labor, tax, and bank policy issues.
Specifically, they listed off the following areas of legislation that their lobbying was intended to impact:
H.R. 2983, H.R. 2930-Discussed reducing barriers to employment. Discussed corporate and international tax issues. Discussed Small Business lending and access to capital issues. Discussed proposals related to cyber security, data protection, and notification issues. Discussed margin issues, CCPs, SEC and equity market structure reform. Discussed issues related to bank structure, capital requirements, capital formation, market structure, and market liquidity. Discussed BSA/AML. Discussed issues around financial technology policy and the regulatory perimeter. Discussed examination and enforcement issues. Discussed critical infrastructure exposure liability. Discussed alternative reference rates. Discussed digital assets issues. H.R. 1165, H.R.3881, S.1838-Discussed consumer protection, digital identification, credit reporting, and privacy issues related to financial services and products. Discussed issues related to credit cards services. Discussed bank regulatory policy.
Although JPMorgan used to be a high-spender on lobbying, with millions of dollars spent almost every year from 2000-2015, they seemed to have gone on a spending drought until this recent disclosure. This is the first lobbying spending that the company has reported since Q1 2016.
To see more information on lobbying by JPMorgan Chase, you can visit our page for $JPM stock.
This article was originally published on Quiver Quantitative