Understanding Lobbying in the United States

Lobbying is highly controversial, yet #legal phenomenon in the United States. The term was coined by President Ulysses S. Grant because the then much more informal process took place in the lobby of the Willard Hotel. Legislative #lobbying attempts to shape #legislation to align with a company's or special interest group's benefit. #Regulatory advocacy lobbying attempts to shape #governmental department and agency rules to support a specific causes. Budget advocacy lobbying attempts influence governments' #budget choices in order to achieve clear and specific #societal outcomes. Although criticized as being legal bribery, lobbying is protected by the #firstamendment. Every year billions of dollars are spent and thousands of individuals are employed by the lobbying industry. #cfainstitute #caia #frm

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