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Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAccording to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nJessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nFollowing Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nA last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nRep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAs the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nA conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIn order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAccording to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nA link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nDid CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nWhat does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nLawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nLiz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nYale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIn the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIvy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nAccording to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nHow much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nHarvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nThe Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nEndowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n
The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSeveral prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n
Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n
The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nWhy are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n
Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n
The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nDepending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n
Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n
The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n
The Securities Industry, the Creditor Rights Coalition, the Financial Markets Association, and the Loan Syndications and Trading Association are the other three <\/a>national groups that represent the financial industry.<\/p>\n\n\n\n
The lobbyists' claims are detailed in opposition papers that were distributed to assembly members and acquired by New York Focus. According to the organizations, the bill would make borrowing more expensive for nations and would cause businesses to relocate their operations outside of New York.<\/p>\n\n\n\n
According to a June 4 document from the Loan Syndications and Trading Association and Creditor Rights Coalition, traders, legal firms, and financial institutions likely earned \"substantial revenue\" in 2024 from the trading of more than $700 billion in sovereign bonds subject to New York law.<\/p>\n\n\n\n
\n\"This business is lucrative and other states know it,\" <\/p>\n<\/blockquote>\n\n\n\n
the groups said, warning that if New York enacted the law, sovereign debt issuance, trading, and litigation may go to other states.<\/p>\n\n\n\n
Similar claims were made in a document distributed by the Securities Industry and Financial Markets Association, or SIFMA, on June 4. Two Republican senators, Jack Martins and Mark Walczyk, delivered lengthy speeches against the law during floor discussions prior to the Senate passing the bill. SIFMA's 2024 statement on the measure was read by Walczyk.<\/p>\n\n\n\n
<\/p>\n","post_title":"Powerful lobbyists rush to block landmark New York debt reform bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"powerful-lobbyists-rush-to-block-landmark-new-york-debt-reform-bill","to_ping":"","pinged":"","post_modified":"2025-06-14 19:12:22","post_modified_gmt":"2025-06-14 19:12:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nIn anticipation of the Senate's anticipated ratification of Donald Trump's \"big, beautiful bill\" in the upcoming weeks, US colleges have begun a vigorous last-minute lobbying effort<\/a> against a planned tax rise.<\/p>\n\n\n\n
Depending on the size of the fund and student body, the president's signature budget legislation proposes raising taxes on university revenue from endowment investments from 1.4% to as much as 21%.<\/p>\n\n\n\n
Why are elite universities like Harvard and Princeton fighting back?<\/h2>\n\n\n\n
Several prestigious colleges, such as Princeton and Harvard, are advocating for this to be modified to a requirement that they spend 5% of their endowment worth each year. This would align them with the regulations that private foundations adhere to in order to preserve their tax-free status.<\/p>\n\n\n\n
Endowment assets are invested by universities, and a portion of the money raised is used to support campus activities, financial assistance, student fellowships, and faculty salaries. For some, like Harvard, which has a $53 billion fund, investment returns account for almost a third of income and are the school's single biggest source of support.<\/p>\n\n\n\n
The Joint Committee on Taxation estimates that the government's tax hike would generate $6.7 billion over ten years. This is just one of several actions the Trump administration has taken this year against prestigious US colleges in what it says is an effort to counteract leftist prejudice and antisemitism. Budgets have been cut, international student visas have been stopped, and accreditation has been jeopardized.<\/p>\n\n\n\n
Harvard has sued the government to stop some of the measures because it is under a lot of pressure. It and other organizations have responded by making significant investments in lobbying against the proposed <\/a>tax.<\/p>\n\n\n\n
How much lobbying are universities doing to block the tax hike?<\/h2>\n\n\n\n
According to a Financial Times examination of disclosure reports, lobbying costs among the top 100 colleges jumped beyond $10 million in the first quarter of this year. This is an approximately 31% increase over the same time last year, before to Trump's election.<\/p>\n\n\n\n
Ivy League universities have been campaigning for money, financial assistance, and endowments and have been among the largest spenders. The numbers are probably understated. Leading lobbyist Jeff Miller of Miller Strategies has signed on to represent Northwestern, Johns Hopkins, and Cornell in the first quarter of this year, although he has not yet revealed the rates he would charge for those clients.<\/p>\n\n\n\n
In the first quarter, Harvard reported spending $340,000 on both internal and external lobbying, up from $160,000 during the same time in 2024. To support its interests, the institution has enlisted the services of Ballard Partners, another renowned lobbying company with connections to the White House.<\/p>\n\n\n\n
Yale spent $280,000, up 56% from the previous year, while Columbia more than quadrupled its lobbying to $520,000 in the first quarter of this year. It's uncertain if the investment will pay off.<\/p>\n","post_title":"Universities push back as Trump\u2019s \u2018Big, Beautiful Bill\u2019 threatens higher education funding","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"universities-push-back-as-trumps-big-beautiful-bill-threatens-higher-education-funding","to_ping":"","pinged":"","post_modified":"2025-06-14 20:04:12","post_modified_gmt":"2025-06-14 20:04:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=8004","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7988,"post_author":"7","post_date":"2025-06-13 19:36:05","post_date_gmt":"2025-06-13 19:36:05","post_content":"\n
Liz Murrill, the attorney general of Louisiana, declared that she is looking into whether the massive pharmaceutical company CVS inappropriately utilised the personal information of its clients to send out text messages that lobbied against a proposed state bill. She said that in order to halt the texts, she intends to send the business a cease-and-desist letter.<\/p>\n\n\n\n
Lawmakers displayed images of text texts received by CVS during their discussion of a now-failed measure.<\/p>\n\n\n\n
What does the bill mean for drug pricing?<\/h2>\n\n\n\n
The proposed law would have made it illegal for businesses to own both drugstores and pharmaceutical benefit managers. Retail pharmacies and CVS Caremark, one of the top three pharmacy benefit managers in the US with a market share of over 100 million members, are owned by the CVS Health Corporation. In their capacity as intermediaries, CVS Caremark and other managers buy prescription medications from producers and establish the conditions under which they are supplied to clients.<\/p>\n\n\n\n
Did CVS misuse private data to influence legislation?<\/h2>\n\n\n\n
A link to a sample letter encouraging lawmakers to oppose the measure was included in the company's text messages to Louisiana citizens. The recipients may sign the letter using their email address and forward it to politicians. One of the texts was received by a Republican legislator. Representative Bryan Fontenot, a Republican, displayed his phone to demonstrate that he had also gotten a text message from CVS.<\/p>\n\n\n\n
\"It is utilised to inform me when my prescription is filled,\" he stated. \"They are now using that to text me about politics.\"<\/p>\n\n\n\n
According to Murrill, CVS lobbied against proposed laws regarding the company's pharmacy benefits manager by sending letters to a significant number of state employees and their families.<\/p>\n\n\n\n
In order to obtain pharmaceutical information, such as vaccination availability or prescription pick-ups, customers provided CVS with their phone numbers. However, the firm is utilising <\/a>this personal information for its own corporate objectives in violation of ongoing laws. \"Murrill said.\"<\/p>\n\n\n\n
A conference committee, which is frequently used in the statehouse when the House and Senate cannot agree on final drafts of a law, drafted the change behind closed doors.<\/p>\n\n\n\n
As the state legislature came to an end Thursday afternoon, Republican Governor Jeff Landry persisted in advancing the law. With an 88-4 vote, the bill was overwhelmingly approved by the House, which supporters claimed would support independent pharmacies and lower the cost of prescription drugs.<\/p>\n\n\n\n
Rep. Mandie Landry was one of those who voted against the legislation. Despite her desire to vote in favour, the Democrat claimed that she was getting messages from individuals in her constituency telling her not to. She said that CVS's lobbying efforts<\/a> impacted them, and they were thus concerned that they would not be able to obtain their prescription drugs.<\/p>\n","post_title":"Louisiana attorney general opens Inquiry into CVS lobbying practices via mass messaging","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"louisiana-attorney-general-opens-inquiry-into-cvs-lobbying-practices-via-mass-messaging","to_ping":"","pinged":"","post_modified":"2025-06-14 19:39:14","post_modified_gmt":"2025-06-14 19:39:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7976,"post_author":"7","post_date":"2025-06-13 18:53:25","post_date_gmt":"2025-06-13 18:53:25","post_content":"\n
A last-ditch effort is being made by lobbying organizations that represent Wall Street companies to block planned legislation that would restrict creditor lawsuits against nations that fail to make their debt obligations. Hedge funds that are dissatisfied with the conditions of debt repayment that other creditors, such as governments, agree to during restructuring discussions frequently file these cases.<\/p>\n\n\n\n
Following Puerto Rico's financial default, which resulted in the closure of schools and hospitals and the loss of pensions for friends and family on the island, community organizations drafted the bill.<\/p>\n\n\n\n
Jessica Gonz\u00e1lez-Rojas of Queens, the bill's Assembly sponsor, was hopeful that the proposal would pass her chamber as well after it cleared the state Senate last week. The Partnership for New York City<\/a>, a well-known corporate organization that advocates for banks, corporations, and large law firms, has stayed out of the spotlight.<\/p>\n\n\n\n
The Assembly is under pressure from four organizations to halt the bill's progress. The most well-known advocate for corporate interests in Albany is the corporate Council, which represents a wide range of businesses, from Northrop Grumman to National Fuel Gas.<\/p>\n\n\n\n