Tuesday, October 8, 2024

Finance players add lobbying muscle

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By Caitlin Oprysko

With Daniel Lippman

WALL STREETERS BRING ON MORE LOBBYING HELP: Ameriprise Financial has hired 1607 Strategies to lobby on issues related to brokered deposits, or funds directed to a bank by a third party. The banking and fintech industries have been fighting an effort by the FDIC to reverse Trump-era changes to loosen regulation of such deposits, which would make it easier for Wall Street firms to partner with fintechs. Their effort bore fruit today when the FDIC agreed to extend the comment period on their proposed rule, our Michael Stratford reported.

Travis Johnson, a former David Vitter (R-La.) aide and Senate Banking subcommittee staff director, will work on the account along with former Ted Cruz (R-Texas) aide Hailey Miller, disclosures show.

— One of Wall Street’s top trade associations has added new lobbying firepower as well. Financial services firm Rich Feuer Anderson began lobbying for the American Bankers Association last week on general legislative and regulatory issues affecting the banking industry, according to a disclosure.

— Former Deputy Assistant Treasury Secretary Jared Sawyer, former House Financial Services staffers Ben Harney and Jennifer Rust (Read) and former Chuck Fleischmann (R-Tenn.) aide Andrew Palmer will all work on the account for ABA. ABA also retains Morrison & Foerster, Harbinger Strategies, OGR, Porterfield, Fettig & Sears, Monument Advocacy and four other firms.

— Meanwhile one of the new trade groups representing the fintech industry has registered its first in-house lobbyists. Sarah ​Mamula, who joined the Financial Technology Association in May as its head of government affairs, registered to lobby last month on “policies and proposals impacting financial technology firms,” per a disclosure filing. The FTA launched in 2021 to push back on growing skepticism of the industry in Washington. The trade group already has two outside lobbying firms on its payroll: Mindset Advocacy and Allon Advocacy.

MORE NEW BUSINESS: Damara ​Catlett, who jumped from The Raben Group to Bryson Gillette’s lobbying arm earlier this year, has re-signed a former client, Warner Bros. Discovery, to her new firm. Catlett will continue lobbying on competition in media marketplaces for the entertainment giant, which is in the midst of a legal fight against streaming platform Fubo over Warner Bros.’ joint sports streaming venture with Disney-owned ESPN and Fox.

Happy Tuesday and welcome to PI. What’s going on out there? Let me know: coprysko@politico.com. And be sure to follow me on X: @caitlinoprysko.

OOPS: The Biden-alum-heavy strategic advisory firm Lafayette Advisors has quietly changed its name to Lilette Advisors after a different Washington communications firm with a similar name complained, Daniel reports in last night’s West Wing Playbook.

— In early August, Biden White House alums Ryan Berni and Zach Butterworth, former Rep. Cedric Richmond (D-La.), Transportation Department alum Michael Halle and Democratic operatives Bradley Beychok and Leah Israel announced the merger of four firms into a new firm called Lafayette Advisors. The firm’s clients include labor unions, coalitions, infrastructure projects and efforts to advance paid family leave.

— But the firm changed its name in late September after it was informed of the overlap with political consulting firm Lafayette Company, which was started by longtime Republican operative Ellen Carmichael, according to an official from Lilette. While Lilette Advisors updated its website and LinkedIn profiles, it didn’t make a public announcement.

— “We are excited to have rebranded to Lilette Advisors,” Berni told WWPB. “We are still the same passionate team, delivering the same commitment to our growing roster of over 60 clients and important causes, but with a new name that matches our commitment to support work that aligns with the meaning of Lilette, good and generous.”

— This isn’t the first time two Washington firms have clashed over naming similarities: In 2022, the lobbying shops Monument Advocacy and Monument Strategies planned to duke it out in court over which firm could claim the “Monument” name in an effort to avoid confusion; the firms later agreed to drop the trademark spat and allow the other to keep its name.

DIVING RIGHT IN: “Tech billionaire Elon Musk will ramp up his personal efforts to elect Donald Trump in the remaining weeks of the election — including making visits to Pennsylvania to campaign for the former president,” per our Alex Isenstadt.

— “Musk intends to appear in the swing state in the four weeks leading up to Nov. 5, according to a person who has spoken with his team and was granted anonymity to speak freely because they weren’t authorized to do so.”

— “Musk, the world’s richest person, took his most aggressive steps yet over the weekend to personally show his support for Trump. Musk appeared at Trump’s rally in Butler, Pennsylvania, on Saturday, where during a brief speech he lavished praise on the former president and urged attendees to ‘vote, vote, vote.’”

— “Also over the weekend, Musk changed his profile icon on his account on X to an image of him wearing a black MAGA hat and added to his bio a link” to the account for his America PAC super PAC, which Axios reported has also taken over the @america handle on the site.

— Now, The New York Times’ Teddy Schleifer reports that Boring Company President Steve Davis, one of Musk’s “most trusted lieutenants,” is joining “the crew of people working for his pro-Trump super PAC, the latest sign of how Mr. Musk is investing his personal brand, energy and network into the group in the final weeks of the presidential campaign.”

PROJECT 2025 — A DCCC ADMAKER’S GOLDMINE: “House Democrats' campaign arm is leaning hard into Project 2025 in the final stages of the election, launching billboards in more than two dozen districts blasting the conservative blueprint for a second Trump presidency,” according to Axios’ Andrew Solender.

— “Democrats have increasingly tried to tether Republicans to the plan as their polling shows it to be one of the most potent attacks on the GOP,” which in turn has sought to distance itself from the Heritage Foundation-conceived policy road map.

— “"All of the data we have shows that Project 2025 just has huge interest and traction, more so than virtually every other issue," Rep. Jared Huffman (D-Calif.), the leader of a task force on countering Project 2025, told Axios.”

TURKISH HOUSE (OF CARDS): One of the central elements of last month’s indictment of New York Mayor Eric Adams on campaign finance and corruption charges was Adams’ alleged pressuring of city fire officials to green-light the opening of a lavish new skyscraper to house the Turkish consulate.

— Now, The Wall Street Journal’s Will Parker, Thomas Grove and Caitlin Ostroff have a peek at how “the nearly $300 million Turkish House that Turkish President Recep Tayyip Erdogan intended to be a monument to his nation’s global influence” came to be a key player “in a legal drama that might cost the New York mayor his job and perhaps his political career.”

Jobs report

Susan Ruge-Hudson will be the FEC’s next inspector general. She was previously counselor to the inspector general in the Government Publishing Office.

Elevate Government Affairs has promoted Samantha Wells and Eloise Eagan to managers. They were previously senior associates at the firm.

Serra Sippel has been named executive director of the Brigid Alliance, a national abortion-access/support provider. She previously led the organization on an interim basis and is the former president of Change (Center for Health and Gender Equity).

Kevin Slagle is now senior vice president of communications at the American Petroleum Institute. He previously was vice president of strategy and communications for the Western States Petroleum Association.

Robert Chau is joining Natcast as senior vice president of research. He’s spent the past 36 years at Intel, most recently as director of Intel Europe research.

Alex Terr is now deputy press secretary at the Progressive Policy Institute. He previously was a press assistant for Sen. Tom Carper (D-Del.).

Courtney Laydon is now managing director of health care strategy at Rational 360, Morning Pulse reports. She previously was executive vice president and head of strategic communications for Edelman’s global practices and sectors team.

Dori Zweig Young has rejoined Crosscut Strategies as a strategic communications manager. She was previously director at 120/80 MKTG, a digital health agency.

Madeleine Chang is the new director of policy at the Satellite Industry Association, Morning Tech reports. She was previously a fellow at the Center for Strategic and International Studies.

— Former climate envoy and Secretary of State John Kerry joined the energy transition investment firm Galvanize Climate Solutions as co-executive chair. The firm was founded in 2021 by Katie Hall and Tom Steyer.

— Former SEC associate director of enforcement Carolyn Welshhans has joined the law firm Morgan, Lewis & Bockius LLP as a partner, where she’ll be focused on SEC enforcement, investigations and litigation.

New Joint Fundraisers

None.

New PACs

American Rheinmetall Defense, Inc. Political Action Committee (PAC)

CATHOLICS FOR THE PEOPLE (PAC)

CITY FAIR AREA DEMOCRATIC CLUB (PAC)

CONTRACT WITH TEXAS (Super PAC)

Ohio Veterans For Harris (Super PAC)

Sock and Awe PAC (Super PAC)

TBF Super PAC (Super PAC)

New Lobbying REGISTRATIONS

1607 Strategies, LLC: Ameriprise Financial

Acumen Strategies LLC: Outokumpu Stainless USa, LLC LLC

Archer Public Affairs: Columbia River Mental Health Services

Ark Strategy: Bmnt Inc

Ark Strategy: Darktrace Holdings Limited

Bg Advocacy, LLC: Discovery Communications LLC

Coaspire, LLC: Robotic Construction Technologies, Inc

Constitution Partners: Calliditas Na Enterprises Inc.

Cornerstone Government Affairs, Inc.: Refugees International

Holland & Knight LLP: North Fund

J M Burkman & Associates: Cypress Home Developments

Pillsbury Winthrop Shaw Pittman LLP: Rafael USa, Inc.

Ridge Path Strategies: Heico Parts Group Inc.

The Smith-Free Group, LLC: Project On Predatory Student Lending

New Lobbying Terminations

Acg Advocacy: Aptiv, Plc

Ark Strategy: Nethope, Inc.

Baker Donelson Bearman Caldwell & Berkowitz: Liberty Defense Holdings, Ltd.

Genomatica: Genomatica

Hogan Lovells US LLP: Ioneer Ltd.

Hogan Lovells US LLP: Western Riverside County Regional Conservation Authority

Holland & Knight LLP: Cuberg

Holland & Knight LLP: Takaya Technology, Inc.

Iqom Strategic Advisors, LLC: Bocar

Iqom Strategic Advisors, LLC: Rv Fresh Foods

Iqom Strategic Advisors, LLC: Sig

Rushmore Strategic Advisors LLC: Alexander Manolev

Rushmore Strategic Advisors LLC: Kiril Domuschiev And Georgi Domuschiev

Rushmore Strategic Advisors LLC: Pink Media Group Doo Beograd

Tusk Strategies, LLC: Birmingham Bio Innovation Corporation

 

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