• Lobbied to remove Sections 138312 and 138314 from the Reconciliation Bill. These provisions would significantly limit, if not completely restrict, self-directed IRA investments into small businesses, start-ups, real estate (using an IRA/LLC), and crowdfunding. Sections 138312 and 138314 should be removed from the bill. Section 138312 prohibits IRA investments when the investment is only permitted based on an asset or income levels of the investor. If enacted, this section will hurt small businesses and start-ups working to raise money from accredited investors. Section 138314 would significantly affect retirement savers and investors who buy real estate, most commonly single-family rental properties, with their IRA. IRA savers would be forced to hire financial advisors, tax lawyers, or other professionals to manage their IRA-owned LLCs, increasing expenses and taking investment control away from the saver. These provisions do not align with the bills intent to implement restrictions on the ultra-wealthy, but instead harms average Americans saving for retirement.

Duration: September 23, 2021 to January 1, 2022

General Issues: Financial Institutions/Investments/Securities, Budget/Appropriations, Taxation/Internal Revenue Code

Spending: about $5,000 (But it's complicated. Here's why.)

It can be tricky to figure out how much an organization spent on a particular lobbying engagement. The law only requires lobbyists to report the amount they were paid for federal lobbying each quarter rounded to the nearest $10,000—and if it's less than $3,000 in a given quarter (or less than $13,000 for organizations with in-house lobbyists), they don't have to disclose it at all. Plus, some organizations include spending that doesn’t belong in the report—for instance, money spent lobbying state governments or other legal work.

Agencies lobbied since 2021: U.S. Senate, House of Representatives