WASHINGTON (AP) — The American Insurance Association trade group spent $230,000 in the first quarter to lobby the federal government on financial regulatory reform, a bankruptcy option for states, disaster preparedness and other issues.
The lobbying sum for January-March was down from the $320,000 that the organization spent in the same quarter a year ago, and the $310,000 that it spent in last year's fourth quarter.
The organization said in an April 20 filing with the House clerk's office that it lobbied on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which tightened restrictions on banks and Wall Street. The law also created the Consumer Financial Protection Bureau.
Other issues that the insurance group lobbied on included a proposal to create a new federal bankruptcy option for state governments; disaster preparedness legislation that would encourage states to adopt and enforce building codes; laws governing flood, earthquake and health insurance; and reform of patent laws.
Besides lobbying members of the House and Senate, the association lobbied the Department of Treasury, the Federal Deposit Insurance Commission, and the Federal Reserve System.
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