The Nasdaq Stock Market spent $1.1 million lobbying in 2007, as it pushed for and secured approval of a transaction involving a state-owned exchange in the Middle East.
The Nasdaq, a unit of Nasdaq OMX Group Inc., was on a takeover tear last year. In a complex deal, it bought OMX AB, a group of Nordic exchanges, while selling a 30 percent stake in the combined company to Borse Dubai, a state-owned exchange based in the United Arab Emirates. State side, it also purchased the Boston and Philadelphia Stock Exchanges.
The company lobbied a group of federal agencies, known as the Committee on Foreign Investment in the United States, to gain approval for the deal. CFIUS, which is chaired by the Treasury Department, reviews select foreign investment in the United States for security concerns.
The Nasdaq lobbied Congress, the Federal Reserve, the Securities and Exchange Commission, the White House and the departments of Commerce and Treasury.
The company spent more than $800,000 in the second half of last year lobbying in favor of the deal, according to the disclosure form posted online Feb. 13 by the Senate's public records office.
Lobbyists are required to disclose activities that could influence members of the executive and legislative branches, under a federal law enacted in 1995.
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