U.S. lobbying trade group urges Congress to revamp disclosure laws

Published 10/31/2017, 12:14 PM
Updated 10/31/2017, 12:20 PM
© Reuters. Manafort leaves U.S. Federal Court after being arraigned on twelve federal charges in the investigation into alleged Russian meddling, in Washington

By Ginger Gibson

WASHINGTON (Reuters) - An industry group for lobbyists on Tuesday called on Congress to overhaul the transparency laws that govern their activity in the wake of indictments of two lobbyists, including Paul Manafort, a former campaign manager for U.S. President Donald Trump.

Charges filed by Justice Department Special Counsel Robert Mueller alleged Manafort and business partner Rick Gates failed to properly disclose lobbying for a foreign government.

After the indictment was made public, Washington lobbyist Tony Podesta, a longtime powerbroker, stepped down from the firm bearing his name as the company came under scrutiny in the investigation for work it did with Manafort.

“Today is another unnecessary black eye for the lobbying profession," said Paul Miller, a lobbyist who heads the National Institute for Lobbying and Ethics (NILE). "The indictments of Paul Manafort and Rick Gates should send a message to the lobbying profession that this type of activity cannot be tolerated and to Congress that its time to take a hard look at the (Lobbying Disclosure Act)."

Manafort, a longtime Republican operative, and Gates pleaded not guilty on Monday to a 12-count indictment that contained charges ranging from money laundering to acting as unregistered agents of Ukraine’s former pro-Russian government.

NILE has previously encouraged Congress to close loopholes in the Lobbying Disclosure Act, known as LDA, to make lobbying more transparent by subjecting more activity to disclosure and requiring lobbyists to reveal when an intermediary hires them on behalf of another organization.

Two separate laws require lobbying disclosure: The LDA, which covers domestic interests, and the Foreign Agents Registration Act, under which Manafort was charged and requires disclosure for lobbying on behalf of foreign entities.

© Reuters. Manafort leaves U.S. Federal Court after being arraigned on twelve federal charges in the investigation into alleged Russian meddling, in Washington

“Today, we hear the echoes of crickets when we go to the Hill asking for reforms that will have a direct and immediate impact," Miller said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.