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Financial trade group spent $195K lobbying in 1Q



By AP
26 June 2008 @ 04:24 pm EST

WASHINGTON - The International Swaps & Derivatives Association, whose members include Bank of America Corp., Lehman Brothers Holdings Inc. and JPMorgan Chase & Co., spent $195,000 in the first quarter lobbying on futures regulation and other issues, according to a recent disclosure report.

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The group lobbied on legislation related to the Commodity Futures Modernization Act, which created a type of security called a single stock future. It also lobbied on taxes and the rules governing the Commodity Futures Trading Commission, according to the report filed April 21 with the House clerk's office.

The New York-based trade group, which says it has more than 830 member institutions worldwide, represents companies that trade futures contracts and other financial products.

In the first three months of this year, the group lobbied Congress, the White House, CFTC, Federal Reserve, Securities and Exchange Commission, IRS and Treasury Department.

Greg Zerzan, a former Treasury Department and congressional aide, was among those registered to lobby for the association.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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