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Wednesday, July 25, 2012

EXCLUSIVE: Romney Bundler A Registered Foreign Agent For Hong Kong

Tom Loeffler
By Josh Israel on Jul 25, 2012 at 9:30 am

Newly released lobbyist bundler disclosure records filed by the Mitt Romney campaign show that Tom Loeffler raised at least $17,500 in bundled contributions for the campaign over the first six months of 2012. Loeffler, a former Republican U.S. Representative from Texas and a lobbyist at Akin Gump represents a wide array domestic clients including USAA, NextgenID, and the Texas Association for Home Care & Hospice. But a ThinkProgress review of Foreign Agent Registration Act reveals that Loeffler registered in February as a registered agent for a foreign government: the Hong Kong Trade Development Council (HKTDC).

The agreement — signed by Loeffler — stipulated that, from February 13 through June 30, 2012, he would “protect, promote, assist and develop Hong King’s economic and trade interests in the United States of America” by working with Congress and the executive branch. In exchange, the HKTDC agreed to pay Akin Gum $35,775 per month. The Romney bundling all took place during the time Loeffler was under this initial contract, though it is unclear whether the contract was renewed at the end of June.

Loeffler has a long history of raising money for Republican presidential candidates. In 2008, Loeffler stepped down from his position as a national finance co-chair for John McCain’s campaign when Newsweek discovered that he had lobbied on behalf of Saudi Arabia. But Romney’s campaign has welcomed him back into the campaign fundraising fold.  READ MORE

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