Quarter Snapshot: Bank of America

Last month we profiled Bank of America’s (BofA) lobbying activity in response to their announcement that they would be charging $5 a month to debit card users.  Recently, Bank of America announced it was ending this plan in response to customer complaints.  The First Street Research Group takes a quick look at BofA’s lobbying activity over the last three months.

Coalition Builder Image of Bank of America Lobbying Activity

Lobbying Activity Breakdown for 2011 3rd Quarter

  • Bank of America spent $640,000 on their lobbying activity during the 3rd quarter of 2011.
  • Bank of America hired 4 firms and paid them over $100,000 during the 3rd quarter of 2011.
Name
Amount Lobbying Report
Bank of America, N.A.  $640,000 LD2
The Smith-Free Group  $70,000 LD2
Quadripoint Strategies LLC  $30,000 LD2
Crowell & Moring LLP  < $5,000 LD2
Mayer Brown LLP  < $5,000 LD2



Bank of America Lobbied the Following 21 Bills During the 3rd Quarter of 2011

  1. 112 H.R.1081: Consumers Payment System Protection Act
  2. 112 H.R.1249: Leahy-Smith America Invents Act
  3. 112 H.R.1859: Housing Finance Reform Act of 2011
  4. 112 H.R.2309: Postal Reform Act of 2011
  5. 112 H.R.2533: Chapter 11 Bankruptcy Venue Reform Act of 2011
  6. 112 H.R.2577: SAFE Data Act
  7. 112 H.R.3156: Consumer Debit Card Protection Act
  8. 112 H.R.749: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.
  9. 112 H.R.940: United States Covered Bond Act of 2011
  10. 112 S.1151: Personal Data Privacy and Security Act of 2011
  11. 112 S.1207: Data Security and Breach Notification Act of 2011
  12. 112 S.1408: Data Breach Notification Act of 2011
  13. 112 S.1434: Data Security Act of 2011
  14. 112 S.1535: Personal Data Protection and Breach Accountability Act of 2011
  15. 112 S.21: Cyber Security and American Cyber Competitiveness Act of 2011
  16. 112 S.23: America Invents Act
  17. 112 S.365: Budget Control Act of 2011
  18. 112 S.413: Cybersecurity and Internet Freedom Act of 2011
  19. 112 S.575: Debit Interchange Fee Study Act of 2011
  20. 112 S.799: Commercial Privacy Bill of Rights Act of 2011
  21. 112 S.913: Do-Not-Track Online Act of 2011

Bank of America Lobbied the Following 5 Federal Agencies During the 3rd Quarter of 2011

  1. Department of the Treasury
  2. Department of Commerce
  3. Department of Labor
  4. United States Patent and Trademark Office
  5. Office of the U.S. Trade Representative

View our older Research Report on Bank of America here.

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