Wall Street-heavy donor alliance picks its beneficiaries

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May 07, 2024 View in browser
 
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By Daniel Lippman and Caitlin Oprysko

Presented by 

the Air Line Pilots Association, Int’l

ANNALS OF FUNDRAISING: A coalition that bundles money from wealthy Wall Streeters and other rich Democrats has selected a roster of 10 Democrats running for Congress in highly competitive seats to benefit from the millions of dollars the group is raising.

— The coalition, House Victory Project, started in 2018 to raise money from major donors to elect and reelect Democrats to the House, basing its recommendations for which candidates to support on a proprietary data model, a House Victory Project official told Daniel. The group does not actually hold any fundraising events with candidates that it backs, the official said. But it has steered nearly $30 million to Democratic campaigns since its inception, according to FEC filings.

— HVP’s latest joint fundraising committee, which formed in mid-March, includes Reps. Marie Gluesenkamp Pérez (D-Wash.), Don Davis (D-N.C.) and Susan Wild (D-Pa.); former Rep. Mondaire Jones (D-N.Y.); Adam Gray and Rudy Salas in California; Josh Riley in New York; Kirsten Engel in Arizona; Lannon Baccam in Iowa; and Curtis Hertel in Michigan.

— The committee quickly raised $4.4 million in the first quarter, distributing $2.9 million of it from March 15-31 to the Democrats who formed the committee, according to FEC records.

— The coalition’s 86 donors are well-off Democrats hailing mainly from the New York-New Jersey-Connecticut tri-state area who gave between $25,625 and $56,100 each. The group’s donors will max out to each of the races picked over the election cycle, according to the official.

— A number of the donors are Wall Street heavy-hitters, including former Treasury Secretary Robert Rubin, who is now a counselor with investment bank Centerview Partners; Centerview founder Blair Effron; David Shaw, founder of hedge fund D.E. Shaw; and Evercore founder and senior chairman Roger Altman. Employees of Bessemer Venture Partners, investment bank Allen and Company and the law firm Cleary Gottlieb are also represented among the donors.

— Other boldface names who have contributed include writer Gretchen Rubin, author of “The Happiness Project,” Elizabeth Economy of Stanford University’s Hoover Institution, prominent philanthropists and investors Gary and Laura Lauder, Laurie Tisch and David Rockefeller, and Rockefeller’s wife Susan Rockefeller, a filmmaker.

— The Lauders told PI in a statement that “before HVP, we had to do our own due diligence on each candidate. Their sophisticated analysis of all the races has made a huge difference to us and we are giving to a lot more races than we would have without their analysis.”

Happy Tuesday and welcome to PI. Send lobbying tips: coprysko@politico.com. And be sure to follow me on the platform formerly known as Twitter: @caitlinoprysko.

A message from the Air Line Pilots Association, Int’l:

Raise the pilot retirement age? Raise chaos for air travelers. Congress is considering an arbitrary change to current law that would raise the mandatory retirement age for pilots from 65 to 67 to address a pilot shortage that isn’t real. Doing so will lead to real consequences. In fact, there’s now a surplus of airline pilots. With more and more people flying, now is the wrong time to complicate air travel. Learn more.

 

MANUFACTURERS’ AI PLAY: The National Association of Manufacturers has rolled out a framework outlining how it would like to see artificial intelligence regulated, encouraging lawmakers to make sure inaugural guardrails for the technology look beyond generative AI like the ChatGPTs of the world.

— “All possible futures for modern manufacturing in the U.S. involve AI,” NAM board chair and Johnson & Johnson executive Kathryn Wengel writes in a new white paper this morning. The paper examines how AI is being deployed across the manufacturing sector and “offers policymakers a window into the future of AI in modern manufacturing — and a roadmap to help us get there,” she wrote.

— Unsurprisingly, NAM’s priorities emphasize the need to avoid “duplicative and burdensome requirements” for AI developers and those deploying it, which the organization says could hamstring growth.

— NAM is warning policymakers not to assume that laws and regulations already on the books can’t be reworked to account for AI-related concerns, while advocating that they avoid a one-size-fits-all approach that isn’t tailored to specific use cases of the technology.

— One such example of a burdensome compliance requirement would be third-party audits, the framework says, adding that “policymakers should remain mindful that the deployers of an AI system would depend on representations … made by the system’s developer” when crafting a compliance regime.

— As European policymakers pull ahead in formulating landmark AI rules, NAM is pushing for a “globally aligned regulatory environment” led by the U.S. “rather than a patchwork of redundant or incompatible laws,” investments in career and technical education programs, and a federal data privacy law that “also protect[s] manufacturers from frivolous litigation.”

VAUGHN HEADS TO BGR: Longtime GOP spokesperson Emma Vaughn has joined BGR Group as a vice president of public relations. Vaughn has spent most of the past four years at the RNC, serving as one of its top spokespeople in Florida, and for the committee’s joint fundraising venture with the 2020 Trump campaign before serving as national press secretary and, most recently, deputy communications director. She’s also done several stints on the Hill with Reps. Andrew Garbarino (R-N.Y.) and Dave Joyce (R-Ohio).

CHAMBER SWIPES BACK AT GOP TAX INQUIRY: “The U.S. Chamber of Commerce is pushing back on an investigation by the House Ways and Means Committee into donations it received from a left-leaning nonprofit and reporting by a right-wing outlet that prompted the inquiry,” per The Hill’s Taylor Giorno.

— “The chair of the chief tax-writing committee, Rep. Jason Smith (R-Mo.), sent a letter Monday to Chamber President and CEO Suzanne Clark and U.S. Chamber of Commerce Foundation President Carolyn Cawley requesting information on donations from the Tides Foundation,” a nonprofit that has received donations from Democratic megadonor George Soros’ nonprofit group Open Society Foundations.

— “Between 2018 and 2022, tax records first reported by the right-wing outlet Breitbart News indicate the Tides Foundation gave more than $12 million to the U.S. Chamber of Commerce Foundation for purposes including ‘economic development,’ ‘project support’ and ‘equality, human rights and economic empowerment.’”

— “Citing the Breitbart report, Smith said in his Monday letter that the Tides Foundation ‘partners with and sponsors several anti-business organizations’ that appear to conflict with the Chamber’s mission to support small businesses and raised questions about the business lobbying giant’s tax-exempt status.”

— But the head of the Chamber foundation’s Hiring our Heroes program, Eric Eversole, said the Breitbart report’s assertion that the Chamber is leaning on “Soros-funded groups and Democrats to keep dwindling operations alive” was “inaccurate.” Eversole told The Hill that the donations in question “were charitable contributions from corporations made to the donor advised fund” run by Tides, meaning it’s almost impossible to trace the flow of individual donations.

DIDN’T SEE THIS COMING!: Our Rebecca Kern reports that “TikTok and its parent company ByteDance sued Tuesday to challenge a law President Joe Biden signed to force the sale or ban of the video sharing app.”

— “The petition filed with the U.S. Court of Appeals for the District of Columbia Circuit claims the law violates the First Amendment rights of its 170 million American users. It says the law shuts down the platform based on ‘speculative and analytically flawed concerns about data security and content manipulation.’”

— “For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban,” the companies said in their complaint. TikTok and ByteDance are being represented by Covington & Burling and Mayer Brown in the case.

MORE JUUL INFLUENCE EFFORTS COME TO LIGHT: “Two New York University professors collaborated directly with executives of the vaping company Juul without disclosing those relationships to academic journals or Congress,” per Stat News’ Nicholas Florko.

— “At the height of the youth vaping crisis, when many public health experts were calling for sweeping action that could upend the entire industry, David Abrams and Ray Niaura emerged as two authoritative voices willing to defend vaping — despite its growing popularity among youth — as an effective public health strategy to help adults cut back or quit smoking.”

— “There is no evidence either professor was paid for his work with the company. However, conflict-of-interest experts STAT spoke to said that even non-financial ties to Juul should have been reported, as did editors at several journals that published papers by Abrams and Niaura.”

FLY-IN SZN: The fitness industry kicked off a fly-in today to rally support for legislation that would let people use pre-tax medical accounts like FSAs and HSAs to pay for fitness-related expenses.

— Members of the Health and Fitness Association have more than 120 meetings on the books, and the fly-in is timed to the release of new data commissioned by the trade group that’s aimed at highlighting the fitness industry’s economic impact and making the case that the industry should be considered an important stakeholder in the policy shift toward preventive health care.

— The American Land Title Association, which represents the land title industry, kicked off its fly-in on Monday, with more than 250 members from across the country in town to meet with 60 different lawmakers and staff from 200 offices on the Hill.

— The Household & Commercial Products Association brought representatives from 18 member companies to town today to push for an increase in EPA funding for IT modernization at the agency and for addressing regulatory backlogs the industry says hamper innovation. Executives were slated to meet with staff for House Speaker Mike Johnson and more than a dozen other offices.

— Tomorrow, meanwhile, the American Speech-Language-Hearing Association is flying in 75 volunteer leaders from around the country. Participants have more than 130 House and Senate offices on their schedules, where they will push for expanded access to health care around hearing, balance, speech, language, swallowing and cognition.

— The American Recovery Association, which represents the repossession industry, will hold its first in-person fly-in tomorrow. The group will meet with more than a dozen congressional offices and administration officials to talk about how to prevent unintended consequences to consumers and ways to boost the auto-finance industry.

— Also tomorrow, members of the Construction Employers of America will wrap up a three-day fly-in during which they have discussed reviving key business tax cuts, increased enforcement of the new Davis-Bacon Act, independent contractor and project labor agreement rules and apprenticeship issues.

 

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Jobs Report

Americans for Responsible Innovation has hired Satya Thallam as senior vice president of government affairs. He was most recently a policy adviser at Arnold & Porter Kaye Scholer and is a Trump OMB alum.

Jayme White is joining Kelley Drye & Warren LLP as a senior international trade adviser, per Morning Trade. White was previously deputy USTR for Europe and the Americas.

Abby Truhart is joining Porterfield, Fettig & Sears as vice president. She previously served as vice president of congressional relations at the American Bankers Association and as senior director of advocacy for the Credit Union National Association (now known as America’s Credit Unions).

Kirsten Donaldson has joined the National Association of Broadcasters as vice president of public policy. She was previously vice president of legal at the Digital Media Association.

Allie Caccamo has joined the Chamber of Progress as a communications manager. She previously was an associate at the strategic consultancy Christoff & Co.

Jessica Post is now a principal at Civitas. She previously was president of the Democratic Legislative Campaign Committee.

David Haines and Katie Morley are joining The Coca-Cola Company's D.C. office. Haines will be a senior director and previously worked on government relations at Van Scoyoc Associates. Morley will be a director on the federal and diplomatic affairs team and previously was senior legislative assistant and chief trade adviser for Rep. Adrian Smith (R-Neb.).

Jeff Kratz will be director of government relations for the University of Nebraska Medical Center. He previously was legislative director for Rep. Don Bacon (R-Neb.).

Taylor West will be executive director of the Healing Advocacy Fund. She most recently served as a philanthropic advisor to major donors seeking to support expansion of the psychedelic field and is co-creator of the inaugural UC Berkeley Psychedelics Survey in conjunction with the Berkeley Center for the Science of Psychedelics.

Chris Cillizza is joining Dentons Global Advisors as a senior adviser. He will continue to write the “So What” political newsletter for Substack, and is a CNN, Cook Political Report, Roll Call and Washington Post alum.

Alex Burkett is joining the FAA as the agency’s senior policy adviser for aerospace safety, industry labor and workforce. Burkett was most recently general counsel for the General Aviation Manufacturers Association.

Kellyn Blossom is now head of policy and comms at Electra. She previously was vice president of public policy at Zipline and is an Obama White House alum.

Lindsey Bornstein is now a PR manager at McDermott, Will & Emery. She previously was a PR specialist at Hogan Lovells.

 

A message from the Air Line Pilots Association, Int’l:

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New Joint Fundraisers

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Animal Protection PAC (Hybrid PAC)

Blind Justice PAC (Super PAC)

Bowers News Media PAC (PAC)

SUNSHINE STATE FUTURE FUND (Super PAC)

 

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New Lobbying REGISTRATIONS

A10 Associates, LLC: Allied Power And Control

A10 Associates, LLC: New City Development Partners

Bluestem Biosciences, Inc.: Bluestem Biosciences, Inc.

Caruço Law, Pllc: Leda Health Corporation

East End Group, LLC: Invivyd, Inc.

Krl International LLC: Arcelormittal Mining Uk Ltd.

Lsn Partners, LLC: Miami Dade County Transportation Planning Organization (Tpo)

Monument Advocacy: Johnson Matthey, Inc.

Republic Consulting, LLC: At Systems LLC

Republic Consulting, LLC: G3 Technologies, Inc.

The Livingston Group, LLC: Evidence Iq

The Vogel Group: Laser Shot Inc.

The Vogel Group: New England Fishermens Stewardship Association

Townsend Public Affairs: City Of Guadalupe

Townsend Public Affairs: Granada Community Services District

Varyag LLC: Dark Tower

Velocity Government Relations, LLC: Exquadrum

Velocity Government Relations, LLC: Trl11

Williams And Jensen, Pllc: River Region Psychiatry Associates

New Lobbying Terminations

Actum I, LLC: University Of California, San Francisco

East End Group, LLC: Amazon

East End Group, LLC: Fresenius Medical Care North America

East End Group, LLC: Illumnia, Inc.

Mercury Public Affairs, LLC: Si Group Client Services

Torrey Advisory Group (Formerly Michael Torrey Associates, LLC): Woodberry Associates LLC On Behalf Of Colorado State University Foundation

Townsend Public Affairs: North County Transit District

A message from the Air Line Pilots Association, Int’l:

A difference of two years can lead to decades of air travel complications. Arbitrarily extending the mandatory pilot retirement age from 65 to 67 to address a fake pilot shortage will upend union collective bargaining agreements, disrupt airline operations, increase ticket prices, create a cascading and costly training backlog for pilots and put the United States out of compliance with international standards. Learn why raising the pilot retirement age to 67 will wreak long-term havoc on air travel.

 
 

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