S 865introduced119th Congress

Lobbying Disclosure Improvement Act

Introduced Mar 5, 2025Senate billPolicy area: Government Operations and PoliticsLast action Dec 17, 2025Sponsor: Gary C. Peters(D-MI)

governmentGovernment Operations and Politics

Homeland Security and Governmental Affairs Committee

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Official Congress record Open in Network Lab Trace connections

Lobbying Filings

$359.0M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 11, 2024lobbying

Lobbying filed by KPMG LLP

Apr 19, 2024lobbying

Lobbying filed by ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG)

Jul 10, 2024lobbying

Lobbying filed by KPMG LLP

Oct 18, 2024lobbying

Lobbying filed by ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG)

Jan 8, 2025lobbying

Lobbying filed by KPMG LLP

Jan 24, 2025trade

Official Congressional Actions

Dec 17, 2025Floor

Held at the desk.

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Dec 17, 2025Floor

Received in the House.

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Dec 17, 2025Floor

Message on Senate action sent to the House.

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Dec 16, 2025Floor

Passed Senate without amendment by Unanimous Consent. (consideration: CR S8794; text: CR S8794)

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Dec 16, 2025Floor

Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
KPMG LLP	KPMG LLP	$51.0M	Jul 10, 2024	2024Q2	ACCTAXDEF
KPMG LLP	KPMG LLP	$51.0M	Apr 11, 2024	2024Q1	ACCTAXDEF
ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG)	ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG)

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

Member	Party	Ticker	Company	Trade	Date	Amount	Timing	Lobbying Client	Conflict
Robert P. Bresnahan, Jr.	R	K	K	Buy	Apr 8, 2025	$1,001 - $15,000	34d after	KPMG LLP	31%
Gilbert Ray Cisneros, Jr.	D	K

Conflict Summary

3 trades by 2 members of Congress in companies connected to lobbying on S 865. The average conflict score is 20%.

Robert P. Bresnahan, Jr. (1 trade)Gilbert Ray Cisneros, Jr. (2 trades)

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.