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Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n
Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The company will bring in $14 million of lobbying income for the first quarter of 2025, over two times the $6.2 million Ballard saw in the fourth quarter of 2024. Ballard recorded $4.2 million of lobbying income during the first quarter of 2024.<\/p>\n\n\n\n Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Ballard Partners, a lobbying company headed by a leading fundraiser for President Donald Trump<\/a>, has more than tripled its quarterly lobbying gains compared with the exact period a year earlier, as businesses and organizations have sought assistance from a small group of firms allied to the new administration in trying to make sense of a second Trump administration characterized by turmoil and retribution.<\/p>\n\n\n\n The company will bring in $14 million of lobbying income for the first quarter of 2025, over two times the $6.2 million Ballard saw in the fourth quarter of 2024. Ballard recorded $4.2 million of lobbying income during the first quarter of 2024.<\/p>\n\n\n\n Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The NCAA generally allocates between $120,000<\/a> and $140,000 for its internal lobbying activities, a figure that remained the same with McColaugh's inclusion during the third and fourth quarters of 2024.<\/p>\n","post_title":"NCAA boosts Washington lobbying to secure legal shield","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ncaa-boosts-washington-lobbying-to-secure-legal-shield","to_ping":"","pinged":"","post_modified":"2025-04-24 19:21:00","post_modified_gmt":"2025-04-24 19:21:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7583,"post_author":"7","post_date":"2025-04-22 14:54:12","post_date_gmt":"2025-04-22 14:54:12","post_content":"\n Ballard Partners, a lobbying company headed by a leading fundraiser for President Donald Trump<\/a>, has more than tripled its quarterly lobbying gains compared with the exact period a year earlier, as businesses and organizations have sought assistance from a small group of firms allied to the new administration in trying to make sense of a second Trump administration characterized by turmoil and retribution.<\/p>\n\n\n\n The company will bring in $14 million of lobbying income for the first quarter of 2025, over two times the $6.2 million Ballard saw in the fourth quarter of 2024. Ballard recorded $4.2 million of lobbying income during the first quarter of 2024.<\/p>\n\n\n\n Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
A budget of $270,000 was also allocated to the NCAA's lobbyists. Since 2018, Dawn Buth has been engaged full-time handling government ties. Buth worked independently for several years before the organization hired a second in-house lobbyist last July: Kevin McColaugh, who previously worked for NCAA president Charlie Baker when he served as governor of Massachusetts. <\/p>\n\n\n\n The NCAA generally allocates between $120,000<\/a> and $140,000 for its internal lobbying activities, a figure that remained the same with McColaugh's inclusion during the third and fourth quarters of 2024.<\/p>\n","post_title":"NCAA boosts Washington lobbying to secure legal shield","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ncaa-boosts-washington-lobbying-to-secure-legal-shield","to_ping":"","pinged":"","post_modified":"2025-04-24 19:21:00","post_modified_gmt":"2025-04-24 19:21:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7583,"post_author":"7","post_date":"2025-04-22 14:54:12","post_date_gmt":"2025-04-22 14:54:12","post_content":"\n Ballard Partners, a lobbying company headed by a leading fundraiser for President Donald Trump<\/a>, has more than tripled its quarterly lobbying gains compared with the exact period a year earlier, as businesses and organizations have sought assistance from a small group of firms allied to the new administration in trying to make sense of a second Trump administration characterized by turmoil and retribution.<\/p>\n\n\n\n The company will bring in $14 million of lobbying income for the first quarter of 2025, over two times the $6.2 million Ballard saw in the fourth quarter of 2024. Ballard recorded $4.2 million of lobbying income during the first quarter of 2024.<\/p>\n\n\n\n Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
The NCAA invested $90,000 in lobbying efforts with theGroup DC, a significant player they engaged in January. theGroup DC symbolizes major customers like Pepsico and UnitedHealth Group. The firm\u2019s new client registration form lists three lobbyists: two with Democratic backgrounds and one with experience working for Republicans. <\/p>\n\n\n\n A budget of $270,000 was also allocated to the NCAA's lobbyists. Since 2018, Dawn Buth has been engaged full-time handling government ties. Buth worked independently for several years before the organization hired a second in-house lobbyist last July: Kevin McColaugh, who previously worked for NCAA president Charlie Baker when he served as governor of Massachusetts. <\/p>\n\n\n\n The NCAA generally allocates between $120,000<\/a> and $140,000 for its internal lobbying activities, a figure that remained the same with McColaugh's inclusion during the third and fourth quarters of 2024.<\/p>\n","post_title":"NCAA boosts Washington lobbying to secure legal shield","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ncaa-boosts-washington-lobbying-to-secure-legal-shield","to_ping":"","pinged":"","post_modified":"2025-04-24 19:21:00","post_modified_gmt":"2025-04-24 19:21:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7583,"post_author":"7","post_date":"2025-04-22 14:54:12","post_date_gmt":"2025-04-22 14:54:12","post_content":"\n Ballard Partners, a lobbying company headed by a leading fundraiser for President Donald Trump<\/a>, has more than tripled its quarterly lobbying gains compared with the exact period a year earlier, as businesses and organizations have sought assistance from a small group of firms allied to the new administration in trying to make sense of a second Trump administration characterized by turmoil and retribution.<\/p>\n\n\n\n The company will bring in $14 million of lobbying income for the first quarter of 2025, over two times the $6.2 million Ballard saw in the fourth quarter of 2024. Ballard recorded $4.2 million of lobbying income during the first quarter of 2024.<\/p>\n\n\n\n Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
From January to March, the NCAA disbursed $90,000 to its established lobbying firm, Brownstein Hyatt, as noted in a quarterly lobbying report submitted on April 18. <\/p>\n\n\n\n The NCAA invested $90,000 in lobbying efforts with theGroup DC, a significant player they engaged in January. theGroup DC symbolizes major customers like Pepsico and UnitedHealth Group. The firm\u2019s new client registration form lists three lobbyists: two with Democratic backgrounds and one with experience working for Republicans. <\/p>\n\n\n\n A budget of $270,000 was also allocated to the NCAA's lobbyists. Since 2018, Dawn Buth has been engaged full-time handling government ties. Buth worked independently for several years before the organization hired a second in-house lobbyist last July: Kevin McColaugh, who previously worked for NCAA president Charlie Baker when he served as governor of Massachusetts. <\/p>\n\n\n\n The NCAA generally allocates between $120,000<\/a> and $140,000 for its internal lobbying activities, a figure that remained the same with McColaugh's inclusion during the third and fourth quarters of 2024.<\/p>\n","post_title":"NCAA boosts Washington lobbying to secure legal shield","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ncaa-boosts-washington-lobbying-to-secure-legal-shield","to_ping":"","pinged":"","post_modified":"2025-04-24 19:21:00","post_modified_gmt":"2025-04-24 19:21:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7583,"post_author":"7","post_date":"2025-04-22 14:54:12","post_date_gmt":"2025-04-22 14:54:12","post_content":"\n Ballard Partners, a lobbying company headed by a leading fundraiser for President Donald Trump<\/a>, has more than tripled its quarterly lobbying gains compared with the exact period a year earlier, as businesses and organizations have sought assistance from a small group of firms allied to the new administration in trying to make sense of a second Trump administration characterized by turmoil and retribution.<\/p>\n\n\n\n The company will bring in $14 million of lobbying income for the first quarter of 2025, over two times the $6.2 million Ballard saw in the fourth quarter of 2024. Ballard recorded $4.2 million of lobbying income during the first quarter of 2024.<\/p>\n\n\n\n Several of K Street's largest firms are yet to post first quarter revenues as of Monday night's midnight reporting deadline, but Ballard's totals will be right up at the top when the numbers finally appear. Starting a new administration normally is big money for the lobby industry \u2014 and K Street business was red hot before Trump returned to the presidency.<\/p>\n\n\n\n According to analysis, the company topped the income chart at year-end with $16.9 million in the fourth quarter, followed by runner-up Akin Gump Strauss Hauer & Feld, which raked in $14.6 million during the quarter. In the first quarter of 2025, Brownstein's revenue decreased to $16.8 million.<\/p>\n\n\n\n Florida lobbyist, Brian Ballard, also a longtime, opened a office in Washington for his firm soon after Trump's first White House win in 2017 and quickly became one of the go-to company for corporations and trade groups looking to comprehend the mercurial political newcomer in the White House.<\/p>\n\n\n\n While the company has a<\/a> number of Democratic lobbyists on its list, the firm's business suffered under the Biden administration. Nevertheless, it was still in the top 20 of K Street firms, POLITICO's analysis found.<\/p>\n\n\n\n Ballard's ascent this year marks a cycle that occurs each time there is a change of power in Washington, as corporate America searches for an angle with an incoming president or congressional chief.<\/p>\n\n\n\n But that rhythm went into overdrive leading up to Trump's second term. Ballard, along with a few other companies with strong connections to the administration, such as Miller Strategies, Mercury Public Affairs, Michael Best Strategies and Continental Strategies, have experienced a wave of new clients since November. Those players did not return requests for their first quarter figures.<\/p>\n\n\n\n But Ballard has revealed over 130 new lobbying clients since Election Day alone, including JPMorgan Chase, Chevron, Palantir, Netflix, Ripple Labs and the Business Roundtable.<\/p>\n\n\n\n The company also signed up to lobby on behalf of a number of individuals and organizations targeted for punishment by the Trump administration, including the Harvard University governing board, the Public Broadcasting Service and law organization Kirkland & Ellis.<\/p>\n\n\n\n Some of Ballard's ex-lobbyists now carry senior positions in Trump's second administration, including Pam Bondi, Attorney General and Susie Wiles, White House chief of staff.<\/p>\n\n\n\n Trent Morse, another Ballard alum, is the deputy director of personnel for Trump. The Florida origins of the firm also result in Ballard having ties to the Floridians who hold sway in Trump's Washington, such as Secretary of State Marco Rubio.<\/p>\n","post_title":"Trump fundraiser\u2019s lobbying firm triples earnings mid washington power shift","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-fundraisers-lobbying-firm-triples-earnings-mid-washington-power-shift","to_ping":"","pinged":"","post_modified":"2025-04-22 14:54:12","post_modified_gmt":"2025-04-22 14:54:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7583","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7576,"post_author":"7","post_date":"2025-04-21 08:20:32","post_date_gmt":"2025-04-21 08:20:32","post_content":"\n Microsoft announced that it entered into an agreement for a project in Louisiana that would sequester 6.75 million metric tons of carbon dioxide over 15 years, which it claims is the largest permanent carbon removal project in the world to date.<\/p>\n\n\n\n The technology giant's greenhouse gas emissions last year were 29.1% above levels in 2020 as increasing demand for power for artificial intelligence applications and other purposes and it most recently reported annual greenhouse gas emissions of 17.2 million tons towards the end of 2023.<\/p>\n\n\n\n AtmosClear's carbon capture project, which is to be developed in the Port of Greater Baton Rouge, utilizes materials such as sugarcane bagasse and forest trimmings to produce energy, with the corresponding carbon emissions being captured and sequestered underground.<\/p>\n\n\n\n The deal is one of the efforts by Microsoft to achieve carbon negativity by 2030.<\/p>\n\n\n\n The move is made as the future of U.S. carbon removal and sequestration projects, which have been encouraged in recent years by an $85 a ton federal tax credit called 45Q, remains uncertain. The Trump administration<\/a> is trying to roll back several decarbonization incentives that were enacted during former President Joe Biden's tenure in office in future budget negotiations.<\/p>\n\n\n\n The firms declined to comment on whether the project will go ahead if the tax credit is reduced or repealed by the Trump administration. Fidelis, the firm based in Texas that owns AtmosClear, said it anticipates utilizing<\/a> the 45Q tax credit for the carbon sequestration part of the project.<\/p>\n\n\n\n Fidelis has put the project at over $800 million of investment and approximately 75 permanent and 600 construction positions, and potentially bring back forestry management employment in the area that had been affected by recent mill shutdowns.<\/p>\n\n\n\n Brian Marrs, Microsoft's senior director of energy and carbon, stated in a release the technology company appreciated the focus of the deal on jobs in local agricultural communities. It would also demonstrate Louisiana's leadership in becoming a center for carbon management research and applied technology, he added.<\/p>\n\n\n\n Louisiana state officials have been lobbying the U.S. Department of Energy and the state congressional delegation in the past few days to persuade them to preserve federal funding to facilitate the state's proposed Direct Air Capture facility in Calcasieu Parish, as well as the 45Q tax credit. The plant would be constructed starting from 2026, and commercial operations would be initiated in 2029.<\/p>\n","post_title":"Lobbying game behind Microsoft\u2019s $800 million carbon capture deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"lobbying-game-behind-microsofts-800-million-carbon-capture-deal","to_ping":"","pinged":"","post_modified":"2025-04-22 08:37:41","post_modified_gmt":"2025-04-22 08:37:41","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7576","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7568,"post_author":"7","post_date":"2025-04-20 10:59:46","post_date_gmt":"2025-04-20 10:59:46","post_content":"\n Bank of America is lobbying Congress to enact legislation that will benefit banks when deciding who can issue stablecoins. The $284 billion Global Systemically Important Bank (G-SIB) will seek to restrict the legal capabilities of non-banks to create stablecoins.<\/p>\n\n\n\n CEO Brian Moynihan this year has been collaborating with lobbying organizations such as the American Bankers Association and Bank Policy Institute, according to reports. He would like to release a fully reserved, 1:1 backed \"Bank of America coin.\" If the bank succeeds, it could restrict the stablecoin initiatives of non-banks such as Coinbase, Circle, Amazon, Meta, Tether, and numerous others.<\/p>\n\n\n\n Of course, Circle is also engaging in its own lobbying activities. The firm's largest stablecoin, USDC, boasts a $60 billion market cap that is second only to Tether's $144 billion USDT.<\/p>\n\n\n\n As opposed to Tether, which has a recorded past of being a target of regulatory action, Bank of America lobbyists are arguing that it will always remain open and subject to US regulations.<\/p>\n\n\n\n Naturally, Bank of America has not been abiding by US laws at all times, such as underpaying<\/a> for FDIC insurance, charging customers twice, breaking the Home Mortgage Disclosure Act, and a DoJ financial fraud suit which resulted in a fine of over $16 billion. Both the House and Senate are debating legislation that would control stablecoins. Senators, for instance, presented the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Representatives in the House presented the STABLE Act.<\/p>\n\n\n\n Neither bill rules out the fact that a US firm can issue a stablecoin whether or not it is a bank.<\/p>\n\n\n\n Bank of America clearly is seeking to have language regarding the bank's special ability to do business or collateralize stablecoins inserted into any final bill presented to Donald Trump<\/a>'s desk for his signature. Bank of America also would like rule-making by US government agencies such as the US Federal Reserve and Treasury, and their bureaus to favor or even grant exclusivity to bank-run stablecoins.<\/p>\n","post_title":"Bank of America lobbies Congress to secure monopoly on stablecoins","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bank-of-america-lobbies-congress-to-secure-monopoly-on-stablecoins","to_ping":"","pinged":"","post_modified":"2025-04-20 10:59:46","post_modified_gmt":"2025-04-20 10:59:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7568","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":47},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Industry experts indicated that Republicans may have been more open to the NCAA\u2019s requests, which could explain their increased lobbying efforts to pass legislation. Nevertheless, sources have informed FOS that certain House and Senate Republicans oppose at least the NCAA\u2019s requested antitrust exemptions for several reasons, notably a lack of trust in the NCAA. <\/p>\n\n\n\n From January to March, the NCAA disbursed $90,000 to its established lobbying firm, Brownstein Hyatt, as noted in a quarterly lobbying report submitted on April 18. <\/p>\n\n\n\n The NCAA invested $90,000 in lobbying efforts with theGroup DC, a significant player they engaged in January. theGroup DC symbolizes major customers like Pepsico and UnitedHealth Group. The firm\u2019s new client registration form lists three lobbyists: two with Democratic backgrounds and one with experience working for Republicans. <\/p>\n\n\n\n A budget of $270,000 was also allocated to the NCAA's lobbyists. Since 2018, Dawn Buth has been engaged full-time handling government ties. Buth worked independently for several years before the organization hired a second in-house lobbyist last July: Kevin McColaugh, who previously worked for NCAA president Charlie Baker when he served as governor of Massachusetts. <\/p>\n\n\n\n The NCAA generally allocates between $120,000<\/a> and $140,000 for its internal lobbying activities, a figure that remained the same with McColaugh's inclusion during the third and fourth quarters of 2024.<\/p>\n","post_title":"NCAA boosts Washington lobbying to secure legal shield","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ncaa-boosts-washington-lobbying-to-secure-legal-shield","to_ping":"","pinged":"","post_modified":"2025-04-24 19:21:00","post_modified_gmt":"2025-04-24 19:21:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7583,"post_author":"7","post_date":"2025-04-22 14:54:12","post_date_gmt":"2025-04-22 14:54:12","post_content":"\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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Bank of America wants to compete with Circle, Tether<\/h2>\n\n\n\n
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