DC Lobbyists See Dollar Signs Under Potential Biden Win
DC lobbyists are licking their chops at the prospect of a Biden win in November, as a flood of new regulations means they'll have their work cut out for them.
"There is a huge amount of planning going on in our client base for what this could look like," according to Holland & Knight LLP lobbyist, Rich Gold. "It’s highly likely the first six months of 2021 are some of the biggest legislative months I will have in my career in terms of things moving."
Gold represents the American Chemistry Council, education technology provider Zovio, Inc., agriculture giant Corteva and several local governments.
According to Bloomberg, K Street lobbyists began planning for major changes when polling began to show former Vice President Biden leading President Trump, as well as the possibility that Democrats would regain control of the Senate.
"Not since 2008, when President George W. Bush was leaving the White House, have lobbyists planned for the possibility of so sweeping a change in Washington’s corridors of power," writes Bloomberg's Jennifer Dlouhy and Ben Brody.
The presidential race remains tight in key states and the firms remain vigilant for another Trump victory like the one that caught many by surprise in 2016. But they are hedging their bets and increasingly planning around Biden’s polling lead.
One firm is developing dossiers on potential appointees, selling them to clients under the maxim “people are policy.” Another has created flow charts outlining possible committee leadership changes on Capitol Hill. And at least one group has established a war room to brainstorm strategies for countering policy proposals. -Bloomberg
One oil lobbyist told Bloomberg on condition of anonymity that the election would be a "rack-and-stack" exercise when it comes to the multitude of actions the Biden administration could undertake, while a Democratic sweep of the Senate has caused many lobbyists to begin cultivating relationships with moderate Democrats, including Jon Tester of Montana, Kyrsten Sinema of Zrizona, and Joe Machin of West Virginia.
https://www.zerohedge.com/political/dc-lobbyists-see-dollar-signs-under-potential-biden-win