Goldman Sachs spent $630,000 lobbying government in 2Q

Aug 19, 2009 @ 2:54 pm

By Associated Press

Goldman Sachs Group Inc. spent $630,000 in the second quarter to lobby on automotive industry issues and legislation related to the financial bailout program, according to a recent disclosure report.

The New York-based bank received $10 billion as part of the government's $700 billion Troubled Asset Relief Payment bailout program, which aided hundreds of banks. Goldman repaid the TARP money it received in June.

Goldman also lobbied on energy reform and issues relating to financial regulatory reform in the April-June period.

Besides Congress, the company lobbied the Securities and Exchange Commission and the Federal Reserve, according to the report filed July 20 with the House clerk's office.

Ken Connolly, a former staff director to the Senate Environment and Public Works Committee; Todd Malan, who used to work in the U.S. Trade Representative's office; and Michael Paese, a former top aide to Rep. Barney Frank, D-Mass. , were among those registered to lobby for Goldman Sachs.


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