NEW YORK: The Export-Import Bank’s most vocal supporters were among the biggest spenders on lobbying in the second quarter.Ex-Im supporter Boeing’s lobbying spending skyrocketed, nearly tripling from the previous quarter.
According to a report from Politico Influence, the U.S. Chamber of Commerce, Boeing, GE, Business Roundtable and National Association of Manufacturers spent a combined $46.9 million on lobbying in the period between April 1 and June 30.
Despite their attempts to save the Export-Import Bank, its charter expired on June 30 after more than 81 years of existence. Some lawmakers are trying to revive the New Deal program, established by President Franklin D. Roosevelt, as part of the highway bill this month.
Not all of the $46.9 million went to stave off Ex-Im’s expiration, but their collective firepower vaulted them to the front of the pack among spenders in the second quarter.
