Corporate lobbying expense jumps as U.S. TPP debate rages

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Corporate lobbying expense jumps as U.S. TPP debate rages 07/26/15 (Sun) 18:50:31 No.412

http://www.reuters.com/article/2015/07/23/us-trade-tpp-lobbying-idUSKCN0PX2JO20150723

>Lobbying expenditures by members of a pro-TPP coalition increased to $135 million in the second quarter of 2015, up from $126 million in the first quarter and $118 million in the fourth quarter of 2014, according to Senate Office of Public Records reports reviewed by Reuters.

>The spending surge occurred among members of the U.S. Business Coalition for TPP, a group that hopes a final TPP deal can be completed by the end of 2015.

>Another big spender was Business Roundtable, an association of U.S. company chief executive officers. Spokeswoman Amanda DeBard said lobbying on fast-track was a "significant part" of the company's overall expenditures during the second quarter.

>The overall lobbying expenditure rise coincided with a congressional battle over legislation to give Obama "fast-track" power to negotiate trade deals and speed them through Congress, as well as whether to shut down the U.S. Export-Import Bank.