More Firms Lobbied on Bankruptcy Issues Including Puerto Rico's Ch. 9 in 2Q 2015
There were 43 lobbying filings related to bankruptcy issues in the second quarter of 2015, up 26 percent from the previous quarter, according to a Bloomberg Government analysis on lobbying trends. The lobbying filings were up 72 percent from the second quarter of 2014 when there were 25 such filings, the data show. In the second quarter of this year, there were a total of 12 new filings by 11 separate companies that added bankruptcy as a lobbying issue, the BGOV data show. The increase is probably being driven by lobbying on issues related to Puerto Rico, according to BGOV. Seven of the 12 new filings referenced Puerto Rico or H.R. 870, which is the bill that would allow Puerto Rico's municipalities to file for bankruptcy protection, the data show.