T. Rowe Price's Federal Lobbying Record
T. Rowe Price's $2.9M in disclosed federal lobbying puts it in the mid-tier of registered filers. Spending in the seven-figure range is common for established trade groups, mid-size corporations, and advocacy organizations that maintain a steady but not aggressive presence on Capitol Hill.
Across the 5-year window from 2020 to 2024, T. Rowe Price's annual disclosed lobbying spend has climbed modestly — from $497K in 2020 to $541K in 2024, a change of +9%. Step-changes of this size often coincide with major bills moving through Congress, regulatory rulemakings affecting the organization's industry, or a leadership change in the relevant committee.
T. Rowe Price's disclosed lobbying focuses on a narrow 4-issue footprint. A focused issue list usually means the organization concentrates its federal engagement on a small set of bills or rulemakings directly relevant to its core business.
1 of 2 lobbyists reported by T. Rowe Price (50%) disclose prior federal government service — a high revolving-door share. The LDA cover sheet flags any "covered position" the lobbyist held in the executive branch, Congress, or a senior staff role within the past two years.
Among the named bench, lobbyists with disclosed prior federal service include Timothy C. Grady (Former Deputy Chief of Staff, U.S. House of Representatives). The covered-position field on LDA cover sheets captures executive-branch and senior congressional roles held within the prior two years.
Within the Finance & Banking sector, T. Rowe Price ranks #26 of 27 tracked organizations by disclosed lobbying spend. The sector leader is American Bankers Association at $43.0M; the sector average is $11.3M. T. Rowe Price's $2.9M sits 74% below the sector average.
T. Rowe Price's LobbySpend Influence Score of 58/100 (grade C) is the most common grade in the index — it covers organizations with established but moderate federal advocacy programs. The score combines disclosed total spend (40%), issue breadth (30%), and revolving-door connections (30%). A C-grade is typical of mid-size corporations and trade associations with steady quarterly filings on a focused issue set.
Every figure above is sourced from Senate lobbying disclosure filings submitted under the Lobbying Disclosure Act of 1995. Per-issue dollar splits and covered-position flags are filer-reported and may be amended after initial submission.
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Annual Lobbying Spend
Policy Issues
Government Entities Contacted
Recent Filings
| Period | Registrant | Issues | Lobbyists | Amount |
|---|---|---|---|---|
| 2024 Oct-Dec | Capitol Counsel | FINTAX | 1 | $157K |
| 2024 Jul-Sep | Jones Day | RETTAXGOV+1 | 2 | $140K |
| 2024 Apr-Jun | S-3 Group | TAXFINGOV+1 | 2 | $108K |
| 2024 Jan-Mar | Peck Madigan Jones | GOVTAXFIN | 2 | $112K |
| 2023 Oct-Dec | Stewart & Stewart | TAXFINRET | 1 | $171K |
| 2023 Jul-Sep | Brownstein Hyatt Farber Schreck | FINGOVTAX | 2 | $150K |
| 2023 Apr-Jun | Summit Strategies Government Affairs | RETGOVFIN+1 | 2 | $178K |
| 2023 Jan-Mar | Tarplin, Downs & Young | RETGOVFIN+1 | 1 | $141K |
T. Rowe Price Lobbying FAQ
T. Rowe Price has spent $2.9M on federal lobbying across 4 policy areas. This includes spending on registered lobbyists and direct government contacts.
T. Rowe Price lobbies on 4 policy issues, including Financial Institutions, Taxation, Retirement, Government Issues. These disclosures are filed quarterly with the Senate Office of Public Records.
T. Rowe Price has an Influence Score of 58/100 (Grade C). This proprietary score is based on total lobby spend (40%), policy issue breadth (30%), and revolving door connections (30%).
T. Rowe Price employs 2 registered lobbyists, of whom 1 have revolving door connections, meaning they previously held government positions before becoming lobbyists.
T. Rowe Price has contacted 5 government entities as part of their lobbying activities, including Dept of Defense, Dept of Homeland Security, Environmental Protection Agency.
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Lobbying data is sourced from quarterly Lobbying Disclosure Act (LDA) filings with the Senate Office of Public Records. Influence Scores combine total spend (40%), issue breadth (30%), and revolving door connections (30%). Filings may be amended after initial submission.