Other financial industry groups lobby Washington lawmakers and regulators about the issues that affect the municipal securities markets, but few can match SIFMA’s resources.

Among the industry groups focused on securities, investments, and derivatives, only the Investment Company Institute, which poured almost $4 million into lobbying through the end of the third quarter, has outspent SIFMA so far this year — and then by only $39,772, or about 1%, according to federal disclosure reports.

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