Bloomberg LP First-Quarter Spending on Lobbying Unclear


Michael Bloomberg's national political spending has skyrocketed during the first quarter of 2013. But it is unclear whether his company, Bloomberg LP, has had any parallel increase in spending on federal lobbying activity. In the first quarter, New York Mayor Michael Bloomberg contributed more than $2 million to his super PAC, Independence USA, for independent expenditures in federal political races. He also announced he has committed $20 million to push for tighter gun laws. His group, Mayors Against Illegal Guns Action Fund, has registered for federal lobbying, effective April 1. Things are less clear for Bloomberg LP, since it has not filed a 2013 first-quarter lobbying report, which was due on 4/22. UPDATE: In response to a phone call from Political MoneyLine, Bloomberg LP filed their report at 4 p.m. April 23. However, the report only showed spending at $140,000 when their hired firms had already reported being paid $190,000. Five of the lobbying firms Bloomberg paid have reported for the first quarter. They include Williams & Jensen PLLC ($100,000), Glover Park Group LLC ($40,000), Mita Group Inc. ($30,000), Clark Lytle Geduldig & Cranford LLC ($20,000) and Wilke Farr & Gallagher LLP (less than $5,000). For the fourth quarter of 2012, Bloomberg LP reported spending $150,000. Their report was filed 25 days after the due date. Their in-house lobbyist was Greg Babyak and he lobbied on potential issues relating to investor access to information and market structure; enforcement of conditions governing Comcast-NBCU merger; and efforts to ensure simultaneous and secure release of market moving government information, including monthly employment numbers. An organization is required to report the total of in-house lobbying expenditures and those paid to outside firms. Although Bloomberg LP reported an overall total of $150,000 for the fourth quarter of 2012, the lobbying firms they paid reported separately that they had received $210,000. These included Williams & Jensen PLLC ($120,000), Glover Park Group LLC ($40,000), Mita Group $30,000), Clark Lytle Geduldig & Cranford LLC ($20,000), and Wilkie Farr & Gallagher LLP (less than $5,000).