Note on Lobbying and the Dodd-Frank Financial Reforms

Abstract

The note provides background on the Dodd-Frank Wall Street Reform and Consumer Protection Act, brief background on lobbying, and aspects of the lobbying effort by the financial industry and JP Morgan Chase with regard to Dodd-Frank. It is intended as a companion to "The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (A)," HBS No. 309-001, to facilitate class discussion, and as such provides only an overview of specific aspects of the issues discussed.

Learning Objective: To examine the nature of lobbying in the United States and the appropriate role that financial firms involved in the crisis should have in shaping the legislation and regulation that will govern their activities.