Despite expectations of an election year slump, trade groups and companies increased lobbying expenditures in early 2024, spending $162.3 million, a 13% rise compared to 2023.
Heavy legislative activity in early 2024, including significant spending packages and a stalled tax bill, fueled increased lobby spending, with major organizations reaffirming their influence.
While the second quarter saw a decline in lobbying expenditures, firms remain optimistic due to unpredictable election outcomes driving demand for their services.
Top K Street firms are witnessing heightened interest in lobbying efforts, indicating that companies are proactively preparing for potential legislative shifts in November.
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