The Financial Services Forum, a group representing the CEOs of Citigroup, Inc (NYSE: C), Bank of America Corp (NYSE: BAC), Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM), spent $360,000 in lobbying the government during the second quarter on issues ranging from China’s financial markets to tax policy.
The amount that the company’s spent was slightly more than the $330,000 that the group spent one year ago during the same period. The group spent $350,000 lobbying in the first quarter.
Between April and June, the organization lobbied the Congress, the U.S. Treasury, the Federal Reserve the Department of Commerce and the U.S. Securities and Exchange Commission, as well as the Office of the U.S. Trade Representative.
The company lobbied on tax policies, specifically that the group believes that imposing new taxes and fees on the financial sector would restrict the ability of credit and increase the tax burden on investors.
According to a statement on its website, “The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 19 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.”
