The bill
Lobbying Disclosure Improvement Act
S. 865, 119th Congress — read as touching Lobbying & Law Firms.
Sponsored by
Sen. Peters, Gary C. [D-MI]
ID: P000595
Follow the money
The bill
S. 865, 119th Congress — read as touching Lobbying & Law Firms.
The sponsor
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
30 itemised contributions to this sponsor, pulled from FEC filings.
The alignment
This bill's text tracks the "Intelligence Community" section, p. 248-250 of the Mandate for Leadership.
Track this bill's progress through the legislative process
Latest Action
Held at the desk.
December 16, 2025
📍 Current Status
Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.
1. Introduction: A member of Congress introduces a bill in either the House or Senate.
2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Another masterpiece from the esteemed members of Congress. The Lobbying Disclosure Improvement Act, because what this country really needed was more "improvement" in the form of meaningless tweaks and cosmetic changes.
**Main Purpose & Objectives:** Ah, the stated purpose is to increase transparency by requiring lobbyists to disclose whether they're exempt under the Foreign Agents Registration Act (FARA). How noble. In reality, it's just a Band-Aid on a bullet wound. The real objective is to create the illusion of reform while maintaining the status quo.
**Key Provisions & Changes to Existing Law:** Section 2 of the bill amends the Lobbying Disclosure Act of 1995 by adding a new requirement for registrants to disclose their FARA exemption status. Wow, what a bold move. It's like they're trying to cure cancer with a vitamin C supplement.
**Affected Parties & Stakeholders:** The usual suspects: lobbyists, politicians, and the poor souls who still believe in the integrity of our democratic system. But let's be real, this bill won't affect anyone who matters – the ones with deep pockets and influence will continue to operate with impunity.
**Potential Impact & Implications:** Zilch. Zero. Zip. This bill is a placebo, designed to make voters feel like something is being done about corruption while actually accomplishing nothing. It's a clever distraction from the real issues plaguing our system: money laundering, dark money, and good old-fashioned bribery.
Diagnosis: Terminal naivety. The sponsors of this bill are either delusional or complicit in the charade. It's like they think we're all idiots who can't see through their feeble attempts to appear transparent. Newsflash: we're not buying it.
Prognosis: This bill will pass with flying colors, and the politicians will pat themselves on the back for a job well done. Meanwhile, the real problems will continue to fester, and the American people will remain none the wiser. It's just another day in the never-ending farce that is our legislative system.
Treatment: A healthy dose of skepticism, a strong stomach, and a willingness to call out the emperor's new clothes for what they are – a pathetic attempt at deception.
Sen. Peters, Gary C. [D-MI]
Congress 119 • 2024 Election Cycle
No PAC contributions found
No committee contributions found
This bill has 1 cosponsors. Below are their top campaign contributors.
ID: G000386
Top Contributors
23
Hub layout: Politicians in center, donors arranged by type in rings around them.
Showing 52 nodes and 74 connections
Total contributions: $74
Showing top 18 donors by contribution amount
Which industries are materially affected by specific provisions in this bill. 1 harmed.
Section 2 of the bill amends the Lobbying Disclosure Act to require additional disclosures from registrants regarding exemptions under the Foreign Agents Registration Act, which may increase regulatory burden on lobbying firms.
For each industry this bill affects, here's what the sponsor (Sen. Peters, Gary C. [D-MI])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.
This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.
AI Analysis:
"The bill enhances transparency of foreign lobbying by requiring disclosure of FARA exemptions, which aligns with Project 2025's focus on foreign influence oversight and accountability within the intelligence community, though it does not directly address intelligence community politicization or FISA reforms."
— 215 — Intelligence Community Hill who attempt to weaponize the use of selective intelligence to feed political narratives. l Political leaders should avoid “manipulation-by-appointment,” a practice by which intelligence leaders are selected for their policy views or political loyalties instead of their skilled expertise.24 Presidents should also avoid public rebukes and pressure from the intelligence profession, which can include intimidation and bullying, to shape IC analysis. This will be easier if IC leaders live by the norms of neutrality and thus are not seen as political actors, for whom political responses are deemed necessary. l Intelligence leaders and professionals should never “cook the books” for Presidents or change or shape their analysis to preserve access or status.25 FOREIGN INTELLIGENCE SURVEILLANCE ACT (FISA) A future President should understand the importance of FISA26 while also seek- ing reforms and accountability for any abuses of its authorities. When discussing FISA and what changes may need to be made, it is important to note and recognize that there are stark differences among the individual FISA authorities. Section 702 of FISA, for example, allows the IC to target foreign terrorists, spies, cyber hackers, and other bad actors (but only if they are non-U.S. persons) when their communications pass through the United States. While this authority may lapse if Congress does not resolve the issue by the end of 2023, Section 702 should be understood as an essential tool in the fight against terrorism, malicious cyber actors, and Chinese espionage. These are two major national security priorities for an incoming President, and it is imperative that the need to use properly main- tained and accountable authorities to counter these challenges be recognized. Section 702 is a vital program that often provides the lion’s share of intelligence used in the President’s Daily Brief (PDB).27 An independent review by the Privacy and Civil Liberties Oversight Board (PCLOB) found that it was not abused. Nev- ertheless, Congress should review the PCLOB’s upcoming 2023 report to help it determine whether any reforms or codification of recent administrative changes in FISA processes are needed. Other authorities in Title I and Title III, often referred to as “traditional” FISA, have elicited valid concerns about the politicization of intelligence collection authority in recent years. When seeking surveillance of Trump campaign adviser Carter Page, for example, the FBI and the Department of Justice concealed vital information from a specialized court and submitted applications that were riddled with errors. An incoming conservative President should consider reforms designed to prevent future partisan abuses of national security authority. A package of strong provisions to protect against such partisanship might include:
AI Analysis:
"The bill focuses on lobbying disclosure and foreign agent transparency, while the Project 2025 SBA section concerns modernizing the SBA, strengthening its Office of Advocacy, and improving regulatory accountability. Both share a general theme of increasing government transparency and accountability, but they address different policy areas with little direct overlap."
— 751 — Small Business Administration implement relevant initiatives to reach small businesses. Programs would be nonduplicative and implemented on a first-come, first-served basis. l A modern, revamped, and streamlined SBA that better utilizes current technology and platforms for operations, for reporting, and in its programs to reach, service, and engage small businesses. l An Office of Advocacy that is strengthened by a renewed mandate and additional resources to protect against overregulation along with a research agenda that includes measuring the total cost that federal regulation imposes on small businesses. Accountability and Managerial Practice. The SBA lacks accountability and managerial practices to measure the effectiveness, success, and integrity of its various programs. As a future Administration evaluates agency structure and the particulars of how the SBA is spending appropriated funds, it should immediately require actions and procedures to compel a culture of accountability and perfor- mance. Specifically: l Require performance metrics and internal procedures to safeguard taxpayer dollars and program integrity. As noted in an October 2022 IG report, failure to adopt procedures that would reliably capture data and information for various programs, coupled with significant challenges and weaknesses regarding IT investments, systems development, and security controls, presents significant risks to program integrity and increased risk of waste, fraud, and abuse.34 Addressing these shortcomings and risks should be a priority challenge and action item for the next Administration. As underscored by the Inspector General in his introduction to the report, “Pandemic response has, in many instances, magnified the challenging systemic issues in SBA’s mission-related work.”35 l Review all internal government watchdog recommendations and require that SBA management implement or address outstanding and ongoing OIG and GAO recommendations within a specified time frame (ideally within 90 days of a recommendation) and on an ongoing basis. Strengthening the Office of Advocacy. The SBA Office of Advocacy (Advo- cacy) is “an independent office” within the SBA.36 It accounts for about one one-thousandth of SBA spending and 0.75 percent of SBA personnel. Under the Regulatory Flexibility Act, both under its current authority and with suggested — 752 — Mandate for Leadership: The Conservative Promise reforms, the Office of Advocacy could be a powerful weapon against the adminis- trative state’s regulatory extremism. l Amend the RFA so that all agencies are required to provide a copy of any proposed rule (other than bona fide emergency rules) along with initial regulatory flexibility analysis to the Office of Advocacy at least 60 days before a notice of proposed rulemaking is submitted for publication in the Federal Register. The Office of Advocacy would submit comments to agencies within 30 days, and each agency would have to consider these comments, make changes in the proposed rule based on those comments, or explain in a revised regulatory flexibility analysis why it chose not to change the proposed rule. The Office of Advocacy’s pre-proposing comments would be published on the agencies’ and its own websites. RFA economic analysis should be expanded to include indirect costs along with direct costs. In addition, the next Administration should require other agencies to seek Advocacy’s input. Currently, other agencies deny Advocacy the ability to enforce their duty to consider the effect of regulations on small entities by construing their regulations as not having significant economic impact, which would otherwise serve as a trigger for Advocacy’s input. Congress should presumptively exempt small businesses from new agency rules to force agencies to seek Advocacy’s input and permit new rules to apply to small businesses only with Advocacy signoff under specified criteria. l Increase the Office of Advocacy’s budget by at least 50 percent ($4.6 million). This would allow Advocacy to hire approximately 25 attorneys, economists, and scientists and enhance its role in the regulatory process. l Explicitly direct federal agencies to comply with the RFA. This would be similar to the approach adopted by President Trump in his January and February 2017 executive orders directing agencies to relieve the cost and burden of regulation on business.37 Advocacy should organize regional roundtables, onsite small-business visits, and an online platform to hear directly from small businesses and entities as it did from June 2017 through September 2018.38 This activity produced 26 letters to federal agencies and highlighted specific regulations that need reform and how Congress had addressed the most burdensome rules through the Congressional Review Act.39
AI Analysis:
"Both the bill and the Project 2025 section emphasize transparency and disclosure requirements, but the bill targets lobbying activities involving foreign interests while Project 2025 focuses on securities market regulation, capital markets, and SEC oversight, resulting only a tangential connection."
— 831 — Financial Regulatory Agencies l Either democratize access to private offerings by broadening the definition of accredited investor for purposes of Regulation D or eliminate the accredited investor restriction altogether.15 l Allow traditional self-certification of accredited investor status for all Regulation D Rule 506 offerings. l Exempt small micro-offerings from registration requirements.16 l Exempt small and intermittent finders from broker–dealer registration requirements and provide a simplified registration process for private placement brokers.17 l Exempt peer-to-peer lending from federal and state securities laws and reduce the regulatory burden on Regulation CF debt securities. l Make the Title I Emerging Growth Company (EGC) exemptions permanent for all EGCs. l Reduce the regulatory burden on small broker–dealers and exempt privately held, non-custodial broker–dealers from the requirements to use a PCAOB- registered firm for their audits. Congress should: l Amend the Internal Revenue Code to disregard crowdfunding and Regulation A shareholders for purposes of the 100-shareholder limit for Subchapter S corporations.18 BETTER CAPITAL MARKETS To improve capital markets, the SEC should: l Preempt blue sky registration, qualification, and continuing reporting requirements for securities traded on established securities markets (including a national securities exchange or an alternative trading system).19 l Terminate the Consolidated Audit Trail (CAT) program.20 l Abolish Rule 144 and other regulations that restrict securities resales and instead require a company that has sold securities to provide sufficient current informa- tion to the market to permit reasonable investment decisions and secondary sales. — 832 — Mandate for Leadership: The Conservative Promise Congress should: l Prohibit the SEC from requiring issuer disclosure of social, ideological, political, or “human capital” information that is not material to investors’ financial, economic, or pecuniary risks or returns. The proposed SEC climate change rule, which would quadruple the costs of being a public company, is particularly problematic.21 l Repeal the Dodd–Frank mandated disclosures relating to conflict minerals, mine safety, resource extraction, and CEO pay ratios.22 l Oppose efforts to redefine the purpose of business in the name of social justice; corporate social responsibility (CSR); stakeholder theory; environmental, social, and governance (ESG) criteria; socially responsible investing (SRI); sustainability; diversity; business ethics; or common- good capitalism. l Prohibit securities regulators, including SROs, from promulgating rules or taking other actions that discriminate, either favorably or unfavorably, on the basis of the race, color, religion, sex, or national origin of such individual or group. SEC ADMINISTRATION To enable it to achieve its core mission more effectively, the SEC should:23 l Publish better data on securities offerings, securities markets, and securities law enforcement and publish an annual data book of time series data on these matters. Specifically, the SEC Division of Economic and Risk Analysis (DERA) needs to do a much better job of collecting and reporting fundamental data regarding offerings, regulatory costs, violations, enforcement, investors, state regulator taxes, fees and activities, and other matters. l Ensure that SEC resources flow toward its core functions and away from ancillary and support functions or from missions that do not fall within the SEC’s statutory charge. l Ensure that any three SEC Commissioners are empowered to place an item on the agenda and to receive adequate staff support to do so even without the Chairman’s support.
Showing 3 of 5 policy matches
Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.