WASHINGTON (AP) -- Investment bank Morgan Stanley spent $690,000 in the second quarter lobbying on financial market rules and mortgage reforms, according to a disclosure form.The New York City-based company also lobbied on data security, hedge fund regulation, international trade, foreign investment, and an assortment of tax issues, including the taxation of private equity funds, according to the form filed July 21 with the House clerk's office.
Last year, Congress considered legislation that would raise taxes on the partners of hedge funds and private equity firms, who frequently pay lower capital gains taxes on their earnings, rather than higher income tax rates.
In the April-June quarter, Morgan Stanley lobbied Congress, the Federal Reserve, Securities and Exchange Commission, Federal Deposit Insurance Corp., Federal Energy Regulatory Commission, Commodity Futures Trading Commission, Internal Revenue Service, U.S. Trade Representative, and the departments of Labor, Homeland Security, State, Commerce and Treasury.
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