Posts tagged K Street
Posts tagged K Street
Via Bloomberg: “Washington’s well-oiled revolving door is spinning at breakneck speed—23 lawmakers who were in Congress last year have begun new careers in the influence industry.”
“Sixteen lawmakers who left Congress recently have landed posts with groups that seek to influence policy — despite rules aimed at slowing the revolving door between Capitol Hill and lobbying firms, a USA TODAY analysis shows.”
“Democrats control the White House and the Senate, but you wouldn’t know it by looking down K Street.
“Republicans hold more than 30 of the 50 highest-profile, in-house lobbying jobs in town, a POLITICO analysis found. That doesn’t even include lobbying shops and law firms, which have long been Republican-dominated.”
Nice work if you can get it:
K Street shops, many in revenue decline for the past couple of years, can no longer afford the luxury of a high-priced former member. Senators usually don’t entertain offers worth less than $1 million, and House members’ threshold is typically about $700,000. And it’s an investment with no guaranteed payoff. Ever.
“When the congressional agenda includes cuts to entitlements and defense programs, a fight over the debt ceiling and potential tax changes that could affect virtually every sector of the economy, you can bet on one thing: Lobbyists will be very busy this year.
“K Street executives do not predict dramatic growth in their industry for 2013, but they do expect a steady uptick in revenue with clients deeply vested in what comes out of Washington, D.C.”
“The way lobbyists woo the incoming freshman class of lawmakers is a lot like dating. They’re seeking out people with common interests. They’re hoping to cultivate a long-term relationship. And they’re looking for that know-it-when-you-see-it spark.
“And this week — with members-elect in town for orientation — offers plenty of opportunities for flirting. Receptions, meet-and-greets and even fundraisers are being squeezed between official business.”
“Congress is gridlocked and lawmakers spent much of the summer away from the Capitol, but that hasn’t stopped the nation’s most influential companies and interest groups from spending more on lobbying.
“The 50 largest lobbying spenders together spent $176.1 million from July through September — an increase of about $16 million from the same time last year, a POLITICO analysis of new lobbying disclosures indicates.”