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August 24, 2007 - 5:09 p.m.
WASHINGTON (AP) - Visa USA Inc., the domestic division of Visa Inc., spent nearly $2.7 million in the first half of 2007 to lobby the federal government, according to a disclosure form.
Visa, the biggest credit card network in the U.S., lobbied on identity theft, data security, Internet gambling and other issues, according to the form posted online Aug. 14 by the Senate's public records office.
Besides Congress, the company lobbied the Federal Reserve System, Federal Trade Commission, Treasury Department and other agencies.
The San Francisco-based company in June filed a registration statement with the Securities and Exchange Commission for an initial public offering expected early next year, which would make it the last of the four major credit card networks to go public. Discover Financial Services LLC became a public company in July, following American Express Co. and MasterCard Inc.
Under a federal law enacted in 1995, lobbyists are required to disclose activities that could influence members of the executive and legislative branches. They must register with Congress within 45 days of being hired or engaging in lobbying.
It doesn't say... did they lobby for or against internet gambling??