`Political Intelligence’ Legislation Would Require Disclosure Under Lobbying Law

Efforts to regulate “political intelligence” firms, which seek government information to advise their clients on investment decisions, have been revived with the introduction of a House bill Sept. 18.

The new measure, the Political Intelligence Transparency Act (H.R. 5525), would require registration under the Lobbying Disclosure Act (LDA) by firms that “extract information not available to the public” from Congress or the executive branch for the purpose of analyzing securities markets or guiding investment decisions, according to a bill summary from the office of Rep. Louise Slaughter (D-N.Y.), a primary sponsor.

The STOCK Act (Pub. L. No. 112-105 ...