H.R. 9383 proposes changes to the Internal Revenue Code of 1986 that would create special rules for how certain financial institutions can handle their net operating losses. This could allow these institutions to carry forward losses to offset future taxable income, potentially providing them with significant tax relief.
Supporters of H.R. 9383 argue that the bill will help stabilize the financial sector by allowing institutions to better manage their losses during economic downturns. They believe this could lead to increased lending and investment, ultimately benefiting the economy as a whole.
Critics of H.R. 9383 express concern that the bill could disproportionately benefit large financial institutions at the expense of taxpayers. They argue that providing special tax rules for these entities may encourage risky behavior and undermine fiscal responsibility within the financial sector.
While there are no direct industry overlaps between the sponsor Mike Carey’s top donor industries and the subject matter of H.R. 9383, which focuses on special rules for net operating losses of financial institutions, there is notable lobbying activity in the financial sector. The Vegas Chamber, which has contributed $30,000, and other entities involved in real estate and construction may have indirect interests in financial regulations that could affect their operations. The total lobbying contributions in this area amount to $260,000, indicating a significant interest in influencing financial policy. Voters should be aware that while direct conflicts are not evident, the financial implications of this bill could benefit donors indirectly connected to the financial sector.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| AMERICAN CONCRETE INSTITUTE | CROSSROADS STRATEGIES, LLC | $80,000 |
| ANNE PRAMAGGIORE | CROSSROADS STRATEGIES, LLC | $60,000 |
| SIGHTLINE INTELLIGENCE | C2 STRATEGIES | $50,000 |
| VEGAS CHAMBER | PORTER GROUP, LLC | $30,000 |
| WASHOE COUNTY | PORTER GROUP, LLC | $30,000 |
| VETERANS ASSOCIATION OF REAL ESTATE PROFESSIONALS, INC. | C2 STRATEGIES | $30,000 |
| EO SOLUTIONS LLC | PORTER GROUP, LLC | $20,000 |
| WASHOE COUNTY REGIONAL TRANSPORTATION COMMISSION | PORTER GROUP, LLC | $20,000 |
| ULINE | BROYDRICK & ASSOCIATES | $20,000 |
| RTC SOUTHERN NEVADA | PORTER GROUP, LLC | $10,000 |
| WISH | BROYDRICK & ASSOCIATES | undisclosed |
| WISCONSIN STATE CRANBERRY GROWERS ASSOCIATION | BROYDRICK & ASSOCIATES | undisclosed |
| WISCONSIN CRANBERRY RESEARCH AND EDUCATION FOUNDATION | BROYDRICK & ASSOCIATES | undisclosed |
| WISCONSIN CRANBERRY RESEARCH AND EDUCATION FOUNDATION | BROYDRICK & ASSOCIATES | undisclosed |
| WD SCHORSCH LLC | BROYDRICK & ASSOCIATES | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Mike Carey, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
