Finance & Banking

The finance & banking industry spent $220.0M lobbying Washington in 2024, up 5% from $210.0M in 2023. With 1.2K registered lobbyists working the halls of Congress, this is an industry that takes its political influence seriously. Beyond lobbying, the industry poured an additional $120.0M into direct political spending — campaign contributions, PAC donations, and independent expenditures designed to shape who holds power.

The industry's top spenders include JPMorgan Chase, American Bankers Association, Goldman Sachs, among 5 major players. These companies and organizations don't spend millions on lobbying out of civic duty — each dollar is a calculated investment in regulatory outcomes, tax treatment, and government contracts that directly affect their bottom lines. The concentration of spending among a handful of top players reveals an industry where political influence is as important as market competition.

The industry's lobbying efforts center on , , . Each of these issues represents a potential shift in the regulatory landscape that could mean billions in gains or losses for the companies involved. When the stakes are this high, political spending isn't an expense — it's an investment with measurable returns.

With 350 former government officials now working for finance & bankingcompanies or lobbying firms, the revolving door between Washington and industry spins freely. These former regulators, congressional staffers, and agency officials bring with them not just expertise but relationships — the kind of access and insider knowledge that money alone can't buy. It's the most effective form of influence: putting people who wrote the rules on the payroll of companies those rules are meant to govern.