Corporate Lobbyist Bailout: DENIED

A startup watchdog group beat back legislation that would have allowed corporate trade groups that lobby the government to access PPP funding.

Tom Donohue, president and CEO of the U.S. Chamber of Commerce, whose lobbying arm the Institute for Legal Reform would have qualified for PPP funding.

In this year’s coronavirus bailout bills, lobbyists earned their pay by helping Big Business make off like bandits with public funds.

Around the March CARES Act, well-connected lobbying groups worked the phones to ensure the bill was tilted towards aiding the largest corporations and wealthy investors. More than half of the money from the bill’s Paycheck Protection Program (PPP), which was supposed to be for small business, ended up going to only 5% of recipients, especially 600 large companies, according to the most recent data. The bill also included a $454 billion slush fund for the Treasury Department to bail out large corporations.

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