H.R. 8777 aims to reinstate specific guidance and rules previously established by the Bureau of Consumer Financial Protection (CFPB). This could involve restoring regulations that govern consumer financial practices, potentially affecting how financial institutions operate and how consumers are protected in financial transactions.
Supporters of H.R. 8777 argue that restoring these guidelines will enhance consumer protection and ensure that financial institutions adhere to standards that safeguard consumers' rights. Advocates believe it will foster a fairer financial market and provide clarity for both consumers and businesses.
Critics of H.R. 8777 express concern that reinstating these rules may impose excessive regulations on financial institutions, potentially stifling innovation and leading to higher costs for consumers. Some argue that it could hinder economic growth by making it more difficult for businesses to operate effectively in the financial sector.
The analysis of H.R. 8777, sponsored by Maxine Waters, reveals no direct industry overlaps between the bill's subject matter and the sponsor's top donor industries. The bill aims to restore guidance and rules of the Bureau of Consumer Financial Protection, which primarily deals with consumer financial protection issues. While there is significant lobbying activity in this policy area, the donors associated with this lobbying do not appear to have direct ties to the financial services industry that would typically be impacted by such regulations. The largest lobbying contributions come from The GEO Group, Inc. ($80,000) and A.C.E. Consulting, but these entities do not have a clear connection to the bill's focus on consumer financial protection. Therefore, the risk of conflicts of interest is assessed as low, as the financial incentives for the sponsor do not align with the interests of the bill's subject matter.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| THE GEO GROUP, INC. | CHECKMATE GOVERNMENT RELATIONS | $80,000 |
| COPPER.CO | SOBBA PUBLIC, LLC | $36,000 |
| AMPL-ACTION FUND (FORMERLY ADVOCATES FOR MULTI-USE OF PUBLIC LANDS) | BIGHORN PUBLIC AFFAIRS GROUP | $20,000 |
| USIG DIGITAL | SOBBA PUBLIC, LLC | $15,000 |
| USIG DIGITAL | SOBBA PUBLIC, LLC | $15,000 |
| CATHOLIC CHARITIES | MASIELLO MARTUCCI HUGHES KULPA | $15,000 |
| PVS CHEMICAL SOLUTIONS | MASIELLO MARTUCCI HUGHES KULPA | $15,000 |
| ERIE COUNTY WATER AUTHORITY | MASIELLO MARTUCCI HUGHES KULPA | $15,000 |
| ARTPARK | MASIELLO MARTUCCI HUGHES KULPA | $10,500 |
| MHG TELCO, LLL | MASIELLO MARTUCCI HUGHES KULPA | $10,500 |
| ROSINA FOODS | MASIELLO MARTUCCI HUGHES KULPA | $9,000 |
| THE SALVATION ARMY | MASIELLO MARTUCCI HUGHES KULPA | $6,000 |
| A.C.E. CONSULTING | A.C.E. CONSULTING DBA A.C.E. CONSTRUCTION CONSULTING | undisclosed |
| A.C.E. CONSULTING | A.C.E. CONSULTING DBA A.C.E. CONSTRUCTION CONSULTING | undisclosed |
| THE GUTHRIE CLINIC | BUCHANAN INGERSOLL & ROONEY PC | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Maxine Waters, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
