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August 12, 2021
This week in money-in-politics
 
Kathy Hochul, the next governor of New York, is no stranger to fundraising
 
 

When New York Gov. Andrew Cuomo's resignation takes effect, Kathy Hochul will become the first female governor of New York.

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The Senate needs to deal with the debt ceiling. So far, neither party is.

Senate Democrats passed a budget resolution without raising the debt ceiling — and Republicans want to make them deal with it alone.

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Cryptocurrency industry is spending big


The cryptocurrency industry has spent $2.4 million this year on lobbying. And its big target was the Senate’s infrastructure bill.

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Embattled Andrew Cuomo loses access to ActBlue 


Prior to Gov. Andrew Cuomo's resignation on Tuesday, ActBlue removed Cuomo from its fundraising platform. 


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Real estate industry groups spent millions to halt the national eviction moratorium


Student loan companies spent over $6 million on lobbying in the past 18 months while lawmakers continue trying to mitigate the student debt crisis.

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OpenSecrets in the News

See our media citations from outlets around the nation this week:  

How cryptocurrency became a powerful force in Washington (Washington Post)
Cryptocurrency firms today have nearly 60 registered lobbyists. Five years ago, they had one, according to OpenSecrets. They are also on track to spend more than $5 million on lobbying this year, twice the total from just last year.

‘Slap in the face’: Lobbyists fume at Biden eviction reversal (Politico)
The National Association of Realtors — the most powerful housing industry group — is more than 100 years old and occupies a headquarters just blocks from the Capitol. It has some of the deepest pockets in Washington, shelling out nearly $700 million to influence policy since 1998, according to data compiled by OpenSecrets.

With the 2,700-page infrastructure bill comes a lot of lobbying (Marketplace)
“We’ve seen about a 36% jump in lobbying clients on infrastructure, from all of 2020 to the first half of 2021,” said Melissa Holzberg, who tracks money and politics at the nonprofit OpenSecrets.

 
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