Lobbying Relationship

Client

PROMONTORY FINANCIAL GROUP LLC (formerly Promontory Financial Group LLP)

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Lobbying firm

COVINGTON & BURLING LLP

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  • Application of proposed new Department of Labor definition of fiduciary to cash sweep programs.

Duration: to

General Issues: Financial Institutions/Investments/Securities

Spending: about $780,000 (But it's complicated. Here's why.)

Agencies lobbied since 2008: Labor - Dept of (DOL), Treasury - Dept of, U.S. Senate, Federal Deposit Insurance Commission (FDIC),, Federal Deposit Insurance Commission (FDIC), Treasury - Dept of,, House of Representatives

Bills mentioned

H.R.698: For the relief of Shigeru Yamada.

Sponsor: Bob Filner (D-Calif.)

S.1356: Western States Trail Study Act of 2009

Sponsor: Barbara Boxer (D-Calif.)

H.R.698: Industrial Bank Holding Company Act of 2007

Sponsor: Paul E. Gillmor (R-Ohio)

S.1356: Industrial Bank Holding Company Act of 2007

Sponsor: Sherrod Brown (D-Ohio)

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Lobbyists

Lobbyists named here were listed on a filing related to this lobbying engagement. They may not be working on it now. Occasionally, a single lobbyist whose name is spelled two different ways on filings may be represented twice here.

Lobbyist Covered positions?
Michael Barnes United States Congressman
Holly Fechner Policy Director for Senator Edward M. Kennedy
Elizabeth Letchworth Secretary for Majority and Minority, US Senate
Roderick DeArment n/a
Edward Yingling n/a
Mark Weiss n/a

Disclosures Filed

Once a lobbying engagement begins, the lobbyist or firm is required to file updates four times a year. Those updates sometimes change which lobbyists are involved or add new issues being discussed. When lobbyists stop working for a client, the firm is also supposed to file a report disclosing the end of the relationship.

Termination
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Source: Clerk of the U.S. House of Representatives and Secretary of the Senate

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