China-linked brokerage lobbies up

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Jan 30, 2025 View in browser
 
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By Caitlin Oprysko

With Daniel Lippman

WEBULL HIRES MERCURY: Webull, a popular online stock platform that has come under scrutiny by policymakers in Washington and across the U.S. over its ties to China, has hired its first federal lobbyists.

— The platform this month retained a team at Mercury Public Affairs — where new White House chief of staff Susie Wiles previously served as co-chair — that includes former Donald Trump adviser Bryan Lanza, former Sen. David Vitter and former Rep. Toby Moffett to lobby on fintech issues, according to a disclosure filing. Webull, which is based in New York but owned by a China-based parent company, has faced questions about its ties to China for years.

— But that scrutiny ramped up even more last year as Congress and state legislatures sought to ban an even more popular China-linked platform, TikTok. Last spring, more than a dozen state attorneys general launched a probe into Webull’s ties to China and its handling of sensitive U.S. user data.

— The bipartisan heads of the House Select China Committee — Reps. John Moolenaar (R-Mich.) and Raja Krishnamoorthi (D-Ill.) — alleged in a December letter to Webull’s CEO and president that “while Webull has restructured, potentially to create the impression that it is no longer a PRC company, it remains deeply intertwined with PRC entities.”

HOLLYWOOD BRINGS ON BALLARD: Ballard Partners has signed a pair of major movie studios after poaching one of Hollywood’s top lobbyists from the industry’s trade group at the end of last year. The latest is fellow Florida native The Walt Disney Co., which retained Ballard this week to lobby on legislative and regulatory issues related to the media industry, according to a disclosure filing. Earlier this month, the firm signed Paramount Global to work on the same issues.

— Ballard already represents the Motion Picture Association — from which it just hired longtime tax and trade lobbyist Patrick Kilcur — along with several other MPA members like MGM parent company Amazon and Universal Studios owner Comcast, though Ballard only works on broadband issues for the telecom and media conglomerate.

Happy Thursday and welcome to PI. Our thoughts go out to everyone affected by last night’s tragedy on the Potomac. Send K Street tips: coprysko@politico.com. And be sure to follow me on X: @caitlinoprysko.

 

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TRUMP TAPS PRIVATE JET LOBBY EXEC FOR FAA: Trump this morning appointed National Business Aviation Association executive Chris Rocheleau as acting FAA administrator, as some of the focus in the aftermath of Wednesday night’s horrific crash between a military helicopter and an American Airlines plane turned to the absence of a confirmed head of the aviation safety agency.

— Rocheleau previously served in a variety of roles over a 20-year career at FAA before joining the NBAA, which represents the private jet industry, as its chief operating officer. Rocheleau had already been in the running for deputy FAA administrator, our Oriana Pawlyk reported last week.

PROGRESSIVE DARK MONEY MACHINE REVS UP: “Democrats are launching a tax-focused group as their newest messaging megaphone in an attempt to counter” Trump on one of his marquee policy focuses, our Elena Schneider reports.

— “Organizers said the nonprofit group, Families Over Billionaires, will be backed by an eight-figure funding campaign, which will include advertising, rapid response and surrogate operations” and function as a “centralized war room to attack Trump and Republicans during the looming tax debate in Congress.”

— “Democrats plan to blast Trump over his effort to extend his own 2017 cuts, which they argue will hand ‘out trillions in tax giveaways to billionaires and big corporations,’ a memo about the group reads, while ignoring his promises to lower costs on everyday expenses.”

— The effort includes officials like former Sen. Sherrod Brown (D-Ohio) and former OMB Director Shalanda Young, as well as labor groups like the Service Employees International Union and liberal groups like the lobbying arm of the Center for American Progress.

MORE NEW BUSINESS: Ballard has disclosed another batch of new clients, including conservative climate group Citizens for Responsible Energy Solutions, vaccine maker Novavax and the Fragrance Creators Association.

— And UNICEF USA retained Forbes Tate Partners earlier this month to lobby on issues related to foreign aid, according to a newly filed disclosure. The hire came days before Trump took office, and as the humanitarian community braced for the likelihood of steep cuts to U.S. foreign assistance.

— Those fears appeared to bear out when Trump issued a temporary freeze on foreign aid as one of his first acts in office, though Secretary of State Marco Rubio this week issued a waiver exempting “life-saving humanitarian assistance” from the 90-day pause.

— Meanwhile software giant Workday has retained Advanced Policy Consulting’s Matt McGinley to “educate stakeholders” on the company’s HR, finance and artificial intelligence-powered cloud software, according to a disclosure filing. Workday also retains Monument Advocacy, Invariant and Adams & Reese.

ANNALS OF CAMPAIGN FINANCE: The FEC has rolled out its new contribution limits for the 2025-26 election cycle. The commission bumped the maximum contribution limit for individuals donating to candidates to $3,500 per election, or $7,000 per cycle — up from $3,300 per election, or $6,600, in 2024.

— The increases, which are indexed to inflation, are much more modest than in 2023, when the nation was in the midst of its worst inflation in decades, sending the individual candidate limit soaring by $400 per election.

— The limit for donations to national party committees is rising to $44,300 per year, while the max for donations to Senate candidates by national party committees and their respective senatorial campaign committees rises to $62,000.

— New limits will also allow individual donors to distribute more than $2 million across the various organs of a single party — like the GOP’s RNC, NRSC and NRCC and those committees’ assorted funds for things like legal costs and headquarters building, for instance — during the 2026 election cycle.

THE BERNIE MAFIA SPREADS: “A pair of former Bernie Sanders advisers who plan to work on the 2028 presidential election are opening a new Democratic consulting firm,” per Holly Otterbein.

— “Mark Longabaugh, a top strategist for Sanders’ 2016 campaign for the White House, and Joe Caiazzo, a senior state aide for both of Sanders’ presidential bids, are calling their new company 1788 Media.”

— “The kickoff of the company underscores that a new generation of Democratic strategists are aiming to expand their influence. It is the second business to form after the top consulting firm Devine Mulvey Longabaugh, where Longabaugh was a partner, recently closed up shop.”

Jobs report

Austin Walton is joining the Internet & Television Association as vice president of government relations. He previously was policy adviser to Sen. Eric Schmitt (R-Mo.).

Julie Eddy Rokala has been promoted to partner at Cassidy & Associates. She was previously an executive vice president at the firm.

Kilpatrick has added Reagan Larkin as a policy analyst in its D.C. office. Larkin was previously a legislative assistant for former Rep. Jerry Carl (R-Ala.).

Tyler Anderson is now executive director of Bipartisan Climate Action. He previously did consulting and is a Johnson Controls and Terry McAuliffe alum.

Susan Collins is now chief of staff and government affairs for TheDream.US. She previously was senior director of legislative affairs for UnidosUS, and is a Luis Gutiérrez alum.

Douglas Farrar is now a director at Brunswick. He most recently was director of public affairs at the FTC and is a Carnegie Endowment and Aspen Institute alum.

— Sen. Ashley Moody (R-Fla.) has hired Justin Roth as chief of staff, per Florida Playbook. Roth most recently was a partner at Link Public Affairs, and is a Ron DeSantis and Martha McSally alum.

Addy Toevs is now media relations manager for the Children's Hospital Association. She previously served as regional press secretary at the DNC.

Holli Woodings is joining Patriotic Millionaires as director of legislative affairs. She previously was a senior fellow at the National Institute for Civil Discourse, and is a former Boise City Council president.

New Joint Fundraisers

None.

New PACs

Alignment AI (Super PAC)

BBA Strategies PAC (PAC)

Local Democracy Project (Hybrid PAC)

Stronger NC (PAC)

New Lobbying REGISTRATIONS

262 Strategy LLC: Thales USA Inc.

Advanced Policy Consulting LLC: Workday Inc.

A Learned Hand LLC: American Library Association

Axadvocacy Government Relations: Legacy Medical Consultants

Baker Donelson Bearman Caldwell & Berkowitz: Centerstone

Ballard Partners: Citizens For Responsible Energy Solutions (Cres)

Ballard Partners: Fragrance Creators Association

Ballard Partners: Novavax Inc.

Ballard Partners: The Walt Disney Co.

Forbes-Tate: Crestview Strategies Obo Teknion

Forbes-Tate: UNICEF USA

Imperium Global Advisors: Infleqtion

Independent Bankers Association Of Texas: Independent Bankers Association Of Texas

K&L Gates LLP: Bilcon Of Delaware Inc.

Marble Arch: Aercap Ireland Limited

Natural Resource Results LLC: Foundation For America's Public Lands

Natural Resource Results LLC: National Forest Foundation

New Lobbying Terminations

Carpenter Strategic Consulting LLC: Lynk Global Inc. (Fka Ubiquitilink)

The Peterson Group LLC: Alsym Energy

Virginia Credit Union League: Virginia Credit Union League

 

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