JPMorgan Chase Spent $8 Million On Lobbying Last Year, More Than Any Other Bank

When it comes to working the refs, no bank works harder than JPMorgan Chase.

The biggest U.S. bank by assets spent $8 million lobbying Congress on financial reform and other topics last year, outpacing every other large bank, according to the Center for Responsive Politics. The second-biggest U.S. bank, Bank of America, spent just $3 million on lobbying last year, according to CRP data. That spending equates to the amount JPMorgan spent in the fourth quarter alone, MarketWatch reported on Thursday.

The second-biggest lobbying spender among banks last year was Wells Fargo, which spent $6.8 million, according to CRP. Banks are not the heaviest spenders on lobbying -- JPMorgan ranked only 47th in corporate lobbying spending last year. But industry groups like the Chamber of Commerce (which spent $136 million on lobbying last year) and the Business Roundtable ($14 million) do a lot of lobbying on their behalf.

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