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Caught Our Eye

K Street is still booming through the pandemic

Posted by Keturah Hetrick on Oct. 26, 2020

The pandemic may have brought much of the U.S. economy to a standstill, but K Street is booming.

Last quarter saw the highest lobbying activity of any third quarter in years, according to LegiStorm data. Lobbyists disclosed a total of 21,431 federal contracts in the third quarter - a ten percent increase over the 19,444 filings from the same time period in 2019. The number of Q3 contracts shrank annually from 24,999 in 2015 to 14,616 in 2018 and has grown each year since.

Of course, many hundreds of contracts this year have explicitly listed the Coronavirus Aid, Relief and Economic Security Act and other COVID-19 issues among their lobbying issues. But trade and tariff lobbying also represented a sizable proportion of filings, with 1,876 mentions versus 1,388 in 2018 Q2.