Sears sent $140,000 on Q4 lobbying

New York City Department store chain Sears Holdings Corp., operator of Kmart and Sears, Roebuck and Co., spent $140,000 on lobbying in the fourth quarter on credit-card reform legislation and other issues.

That was less than the $180,000 the company spent in the third quarter 2009 but twice the amount it spent in the fourth quarter 2008.

Sears also lobbied on legislation involving pension funding.

One of the highest-profile issues Sears monitored was the Credit Card act, now a law, which is meant to give credit-card users more information and stop policies that many consider abusive.

The bulk of the law -- which focuses on "credit-card accountability, responsibility and disclosure" -- kicked in last month.