Monument’s Verdery to step aside as chief executive

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By Caitlin Oprysko

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A LEADERSHIP SHAKEUP AT MONUMENT: Stewart Verdery, who founded Monument Advocacy in 2006 and has served as the lobbying firm’s chief executive for the past 18 years, is stepping back from that role and handing over day-to-day management of the firm to partner John Murray.

— In an interview, Verdery said he’s eager to get back into client work for the firm. He’ll also guide the firm’s long-term strategic planning. It’s a notable shift for Monument, which has grown its staff to around 50 in offices on both coasts and is one of the top-earning firms on K Street.

— The transition also highlights the shift toward more integrated public affairs and lobbying campaigns. Though Murray got his start working on the Hill for former House GOP Leader Eric Cantor, he joined Monument in 2015 and has helped spearhead its expansion into public affairs, which now makes up about a third of Monument’s total revenue, Murray said in an interview. Monument took in $15.8 million in lobbying fees last year.

— Murray will be based outside of D.C., in Seattle, which he told PI will put him closer in proximity to the executives who oversee public affairs and communications for Monument’s clients — a list that includes Zillow, Amazon, Starbucks, Netflix, Microsoft and more — rather than the government relations teams that tend to be based in D.C.

— “To the extent that we can be working with both coasts, we've found that that is actually a really impactful business model,” said Murray, adding that Monument is eyeing an expansion down the West Coast.

RETAILERS RAIL ON PRIVACY BILL: More than 150 state trade associations are joining the chorus of business groups calling for major changes to the American Privacy Rights Act ahead of Thursday’s markup. In a letter coordinated by the National Retail Federation and sent to leaders on the House Energy and Commerce Committee last night, trade groups representing retailers, restaurants, the hospitality and lodging industries, grocers, and alcohol distributors urged lawmakers to reject the bill without “significant changes.”

— The coalition’s objections revolve around provisions allowing individuals to take legal action against companies for privacy violations, which, according to the coalition, “makes Main Street liable for the privacy violations of big tech companies on the theory that Main Street should police what the tech companies do on privacy even though our members are just not equipped to do that.”

— Another industry coalition said today that it continues to oppose the latest APRA draft on the grounds that it still does not go far enough in addressing the patchwork of state data privacy laws.

United for Privacy — whose members include NetChoice, TechNet, the Chamber for Progress, the Consumer Technology Association, the U.S. Chamber of Commerce, the Business Roundtable and others — claimed in a statement that “APRA’s latest version continues to rely upon flawed preemption language that will allow states to regulate on top of this bill and falling short of a single, national privacy standard.” The coalition called for the bill to be pulled from the House Energy and Commerce Committee’s markup calendar unless changes are made.

Happy Tuesday and welcome to PI. I’ll be out for the rest of this week, but you’ll be in the very capable hands of Hailey Fuchs tomorrow and Thursday and Brendan Bordelon on Friday. Send them tips: hfuchs@politico.com and bbordelon@politico.com. And be sure to follow them on X: @hailey_fuchs and @brendanbordelon.

 

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FIRST IN PI — AARP FLIES IN: Hundreds of advocates will flood the Hill tomorrow for AARP’s first in-person fly-in since before the pandemic. The fly-in will be singularly focused on support for family caregivers, and is being timed to spotlight the issue ahead of the first presidential debate Thursday night.

— AARP members and staff from all 50 states (plus a couple dozen celebrities) have meetings on the books with more than 200 offices on the Hill, including several member-level meetings and huddles with House and Senate leadership. AARP will also have a billboard truck circling the Capitol throughout the day. Actors Yvette Nicole Brown, Diedrich Bader and Marg Helgenberger are among the celebrity participants in the fly-in.

— Participants will push two bills in particular: one that would provide up to a $5,000 tax credit for working family caregivers who regularly cut back on their own health care or dip into their savings; and another aimed at improving coordination between family caregivers and the Medicare helpline.

— AARP is billing the push as a priority comparable in urgency to their campaign to include drug pricing provisions in the Inflation Reduction Act, arguing that more than 48 million Americans — or 20 percent of voters — are serving as family caregivers.

— In an election focused on perceptions of the economy and in which “voters ages 50+ will be the deciding factor, we urge Congress to prioritize what matters most to older Americans, such as caregiving,” the group’s top lobbyist, Nancy LeaMond, said in a statement. Support for caregivers, she added, would provide a key voting bloc “with much-needed financial relief.”

IN OTHER CAREGIVING NEWS: The National Alliance for Caregiving has launched a new push to advance its priorities at the state level by providing caregiving advocates across 10 states an outlet to coordinate and support each others’ efforts to shape policy on the issue. The Caregiver Nation Network is funded in part by the Health Foundation for Western and Central New York and RRF Foundation for Aging and consists of caregiving leaders from Arizona, California, Hawaii, Illinois, Michigan, New York, North Carolina, Texas, Utah and Wisconsin.

THE CENTER OF THE MAGA INTELLECTUAL UNIVERSE IS WHERE?: “Over the past decade, business figures led by hedge-fund billionaire Paul Singer have poured nearly $200 million into a New York think tank that’s now projecting its own vision for Trump’s America,” Bloomberg’s Simone Foxman, Emily Birnbaum and Jeff Green write of the Manhattan Institute, the new “intellectual staging ground for the American right.”

— “One head-spinning result: a growing number of Republican statehouses are effectively outsourcing the job of drafting laws about race and gender to policy wonks centered in Manhattan, where Democrats outnumber Republicans 10:1.”

— “For Singer, this is only the beginning. Founder of the $66 billion Elliott Investment Management and one of the most feared activist investors in the world, Singer speaks of building a Wall Street equivalent of the Federalist Society, the legal juggernaut that’s spent decades ruthlessly pushing America’s judiciary to the right.”

KNOWING MIRIAM ADELSON: Adelson, who plans to spend north of $90 million to elect Trump, “is poised to become one of the biggest donors in the presidential election — and, if Mr. Trump wins, one of the most powerful private citizens with a say in American foreign policy,” per The New York Times’ Teddy Schleifer. “Fiercely hawkish on Israel, she was deeply unnerved by the Hamas attacks on Oct. 7 and would be likely to shape a second Trump administration’s posture on the Israeli-Palestinian conflict.”

— “Dr. Adelson, 78, has never been a shrinking violet, but she long operated in the shadow of her husband, Sheldon G. Adelson, who ascended to first-name-only status in Republican circles. Mr. Adelson died at 87 in January 2021, ushering her into a new era: For the first time in presidential politics, she is a solo practitioner.”

— “She is, in some ways, a political carbon copy of her husband: intensely pro-Israel, rabidly partisan, and a believer in the nobility of using her money, north of $30 billion, and her media empire to buy influence and shape the world. But she is also, by the accounts of people who have pitched her, a tougher ask.”

WHAT HUAWEI’S BEEN UP TO: Bloomberg’s Kate O'Keeffe has a follow-up to her report last month revealing that China-based telecom giant Huawei was secretly sponsoring a research competition hosted by the prominent science society Optica, pulling back the curtain on how the decades-long relationship between the two organizations “effectively helped Huawei preserve access to a pipeline of top-notch U.S. scientists despite its pariah status in Washington.”

— For example, “at least three of the six U.S. researchers Huawei secretly sponsored through the Optica competition won Pentagon funding around the same time,” and a whistleblower complaint filed this spring “raised concerns about the company’s role in choosing which scientists would receive funding through the competition.”

— “For Optica, a century-old organization that publishes influential scientific journals, the tie-up with a Chinese industrial champion helped it maintain a foothold in a crucial region even as China’s rivalry with the US intensified … Yet it’s a delicate dance, as research by Optica’s 24,000 individual members applies to sensitive areas such as semiconductors — a key battleground in the US-China tech competition, and one where Huawei is a major player.”

ALSO FLYING IN: American Truck Dealers, part of the National Automobile Dealers Association, are hitting the Hill to discuss the industry’s opposition to EPA’s Greenhouse Gas Phase 3 rule and so-called “right-to-repair” legislation as well as truckers’ support for catalytic converter anti-theft legislation. Attendees will also hear from Reps. Earl Blumenauer (D-Ore.) and Randy Feenstra (R-Iowa).

— Advocates with the National Association of Rural Health Clinics will be at the Capitol tomorrow for meetings focused on telehealth, Medicare Advantage reimbursement reforms and a technical bill to modernize portions of the statute that regulates rural health clinics.

 

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Jobs report

Luke Strange has been promoted to vice president of government relations at the American Enterprise Institute, where he is now part of AEI's senior leadership team and will oversee all government affairs. He was previously managing director.

Robin Juliano is now policy director for House Democratic Whip Katherine Clark (Mass.). She was most recently a principal at Cornerstone Government Affairs.

Seth Schermer has launched Schermer Impact Strategies, a fundraising consulting firm focused on nonprofits and social justice organizations. He most recently was chief development officer and COO of LGBTQ+ Victory Fund and will continue to consult with them.

James Lai is now senior adviser of North American government affairs at Syensqo. Lai was previously a director and head of the solar and storage practice at The Vogel Group, and is a Lot Sixteen and Maria Cantwell alum.

— The Human Rights Campaign is bringing on Guy Cecil as chief strategist of its Equality Vote PAC’s 2024 electoral efforts. Cecil previously led Priorities USA and is a DSCC alum.

Elliot Kaye is now a partner in Cooley’s transatlantic product safety, compliance and litigation group. He is a former chair and commissioner of the U.S. Consumer Product Safety Commission, and previously was at World Central Kitchen.

Izzy Olive is now communications director for Rep. Hillary Scholten (D-Mich.). She previously was press secretary for Brady: United Against Gun Violence.

 

JOIN US ON 6/26 FOR A TALK ON AMERICA’S SUPPLY CHAIN: From the energy grid to defense factories, America’s critical sites and services are a national priority. Keeping them up and running means staying ahead of the threat and protecting the supply chains that feed into them. POLITICO will convene U.S. leaders from agencies, Congress and the industry on June 26 to discuss the latest challenges and solutions for protecting the supply lines into America’s critical infrastructure. REGISTER HERE.

 
 

Jerry Fritz is retiring from his role as executive vice president for strategic and legal affairs at One Media Technologies. He previously was general counsel and director of strategic affairs for Allbritton Communication Companies and POLITICO, helping to launch POLITICO, and is an FCC alum.

American Compass has announced Oren Cass as chief economist, Abigail Ball as executive director, Mark DiPlacido as policy adviser and Drew Holden as managing editor.

Diana Marin is joining JPMorgan as a vice president and public affairs communications manager on their corporate responsibility team. She previously was deputy communications director for Sen. Alex Padilla (D-Calif.).

Brian Couch is joining ADVOC8 as head of agency. He previously was executive vice president of growth at SoHo Experiential.

Eric Rasmussen is launching Rasmussen Consulting, focusing on government relations for biopharmaceutical companies. He was previously vice president of government relations at Sumitomo Pharma.

Ian Allen has joined J Strategies as vice president of public affairs. He most recently was director of policy and development at the New Jersey Primary Care Association.

Michael Falcone is now director for special projects at Uber. He most recently was senior editor at Apple News and is a Washington Post and ABC News alum.

 

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New Joint Fundraisers

Groundwork-Dirt Road Victory Fund (Groundwork Project PAC, Dirt Road Democrats PAC)

Illinois Victory Fund 2024 (Judge Joe Mcgraw for Congress, Illinois Republican Party - Federal, NRCC)

Indiana Victory Fund 2024 (Niemeyer for Congress, Indiana Republican State Committee, Inc., NRCC)

Virginia Victory Fund 2024 (Rep. Jen Kiggans, Derrick Anderson for VA, Inc., Republican Party of Virginia Inc, NRCC)

New PACs

African American Accountability Alliance Political Action Committee (PAC)

Celestial AI Good Government Fund (PAC)

Chainsaw Caucus (Hybrid PAC)

Children First PAC (Super PAC)

SAG PAC INC. (Super PAC)

New Lobbying REGISTRATIONS

Advocacy Associates: Catholic Relief Services

Capitol Hill Policy Group LLC: Chenega Corporation

Hlp&R Advocacy, LLC: Energyre, LLC

Mabry Public Affairs LLC: Trans-Global Solutions, Inc.

Shumaker Advisors, LLC: Wireless Internet Service Providers Association

The Vogel Group: Philips Holding USa, Inc.

New Lobbying Terminations

Bockorny Group, Inc.: Post Acute Medical, LLC

Mabry Public Affairs LLC: Marathon Petroleum Corporation

 

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