Washington, April 1, 2024 /PRNewswire/ — Bloomberg Government today released its annual comprehensive analysis of top lobbying companies. Federal lobbying activity reached its peak in 2023, marking an all-time high, according to the report. 4 billion dollars For the second year in a row. Profits rose 3.1% year-on-year, roughly in line with inflation, amid chaos in Congress that prevented consideration of many bills and led to two surprise changes in the House speaker.
Bloomberg Government analyzed Lobbying Disclosure Act reports from all companies registered with the House and Senate in 2023. The report focuses on 381 companies that reported. $ 1,000,000 The annual revenue must be more than that.
Disclosures required by law have been made $4.27 billion Last year's expenditure was $4.14 billionaccording to a Bloomberg Government analysis.
This 3.1% increase was just short of the 3.4% increase in the Consumer Price Index, slowing the pace of day-to-day legislative activity and causing both lawmakers and influential industries to worry about the law's looming expiration date. It was recorded as I began to look towards the next big thing. Key Provisions of the Tax Cuts and Jobs Act of 2017.
The lobbying firms that reported the most revenue remained unchanged in 2023. Brownstein Hyatt Faber Schrecktop of the list is $62.7 millionfollowed by Akin Gump Strauss Hauer & Feld. Netherlands & Knight, BGR government officials. Rounding out the top 10 are Cornerstone Government Affairs, Invariant, Thorn Run Partners, Capitol Counsel, Forbes Tate Partners, and Crossroad Strategies.
“Now in its ninth year, Bloomberg Government's annual analysis of the lobbying industry provides unparalleled insight into the dynamic landscape of lobbying.” ariel elliott, President Bloomberg Government. “As federal lobbying spending reaches new heights, Bloomberg Government data, analysis and tools will help professionals navigate this complex environment with confidence.”
The comprehensive Top Performing Lobbying Companies report provides insight into the lobbying industry's growth, trends and key players, demonstrating Bloomberg Government's commitment to providing the most comprehensive news and analysis impacting government issues. Promote. Washington.
To access the full report, please visit https://aboutblaw.com/bdqT.
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Source Bloomberg Government
