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  • 4/23/2024
Oracle's top lobbyist privately met with Senate aides from key committees to discuss Oracle's data hosting agreement with TikTok. Oracle acts as the data center for US users' data and could face financial impacts from a ban. The meetings aimed to provide "technical mitigations" around Oracle's system to Senate staff. Oracle hired two lobbying firms and spent over $170,000 on their services for congressional outreach. The meetings were held in person and virtually with the Senate Commerce and Intelligence Committees. The company spent over $2.4 million lobbying Congress on various issues this year.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Oracle's top lobbyists privately met with Senate aides from key committees to discuss Oracle's
00:07 data hosting agreement with TikTok. Oracle acts as the data center for US users' data and could
00:12 face financial impacts from a ban. The meetings aimed to provide technical mitigations around
00:17 Oracle's system to Senate staff. Oracle hired two lobbying firms and spent over $170,000
00:23 on their services for congressional outreach. The meetings were held in person and virtually
00:27 with the Senate Commerce and Intelligence Committees. The company spent over $2.4 million
00:32 on lobbying Congress across various issues this year. For all things money visit Benzinga.com.

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