Bain Capital’s Lobbyists and Lobbying in Washington

Headquartered in Boston, Massachusetts, Bain Capital is an alternative asset management and financial services company. At the start of 2012, Bain managed $66 billion across its various investment offerings.  Notable investments include Staples, Inc, Domino’s Pizza and the mattress manufacturer Sealy Corporation.

Current presumptive Republican presidential nominee Mitt Romney is a co-founder of the firm.  Bain Capital has been frequently cited by both Obama and Romney throughout the campaigns.  While the company which does not employ any in-house lobbyists, it is no stranger to Washington and the lobbying game.

Highlights

  • Since 2008, Bain has hired 2 organizations to lobby: Public Strategies Washington, Inc. and Akin Gump Strauss Hauer & Feld LLP to represent them in Washington.
  • Bain Capital has spent a total of $2,570,000 on lobbying with these two firms since 2008.
  • Six lobbyists currently represent Bain Capital including 4 lobbyists with democratic ties and 2 lobbyists with republican ties.
  • The six lobbyists have contributed $17,375 to Democrats and $1,500 to Republicans in 2011 for a total of $18,750 in contributions.

Lobbyists Currently Representing Bain Capital

J. David Carlin (Akin Gump Strauss Hauer & Feld LLP)

  • Assistant Secretary – Congressional Relations (USDA) (1996-1998)
  • Donated $7,125 to 10 Democratic Candidates & 2 Democratic Groups in 2011

Christine Hesse (Akin Gump Strauss Hauer & Feld LLP)

  • Legislative Counsel – Senate Committee on Banking, Housing, and Urban Affairs (1996-1999) for Sen. D. McLauchlin (Lauch) Faircloth (R-NC)
  • Donated $1,000 to Republican Scott Garrett 2011

Zach Paulsen (Akin Gump Strauss Hauer & Feld LLP)

  • International Trade Assistant – Senate Committee on Finance (2002-2005)
  • Donated $500 to Romney for President in 2011

Hal Scott Shapiro (Akin Gump Strauss Hauer & Feld LLP)

  • Senior Adviser for International Economic Policy – National Economic Council (2000-2000)
  • Attorney – Monitoring and Enforcement (U.S. Trade Representative) (1997-1999)
  • Donated $750 to 2 Democratic Candidates in 2011

Joe O’Neill (Public Strategies Washington, Inc.)

  • Donated $9,500 to 11 Democratic Candidates in 2011

Paul M Snyder (Public Strategies Washington, Inc.)

  • Former tax and trade counsel to former Congressman Ed Jenkins (D-GA)

Legislation Lobbied on by Bain Capital

  • 111 S.3793: Job Creation and Tax Cuts Act of 2010
  • 111 H.R.4173: Dodd-Frank Wall Street Reform and Consumer Protection Act
  • 111 S.3793: Job Creation and Tax Cuts Act of 2010
  • 111 H.R.4173: Dodd-Frank Wall Street Reform and Consumer Protection Act
  • 111 H.R.4213: Unemployment Compensation Extension Act of 2010
  • 111 H.R.848: Performance Rights Act
  • 110 H.R.2535: Tule River Tribe Water Development Act
  • 110 H.R.6049: Energy Improvement and Extension Act of 2008
  • 110 H.R.6275: Alternative Minimum Tax Relief Act of 2008
  • 110 H.R.800: Employee Free Choice Act of 2007
  • 110 H.R.2535: Tule River Tribe Water Development Act
  • 110 H.R.6049: Energy Improvement and Extension Act of 2008
  • 110 H.R.6275: Alternative Minimum Tax Relief Act of 2008
  • 110 H.R.800: Employee Free Choice Act of 2007
  • 110 H.R.6049: Energy Improvement and Extension Act of 2008
  • 110 H.R.6275: Alternative Minimum Tax Relief Act of 2008
  • 110 H.R.2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.
  • 110 S.1614: Child Labor Protection Act of 2007

Issues Lobbied On

  • Financial Institutions/Investments/Securities: Monitor financial sector reform implementation and oversight; Monitor legislation concerning regulation of financial services sector
  • Trade (Domestic & Foreign): Issues related to foreign direct investment
  • Taxation/Internal Revenue Code: Monitor tax reform developments
  • Banking: Monitor legislation concerning regulation of financial services sector
  • Budget/Appropriations: Monitor budget/deficit reduction legislative efforts

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