Senate Majority Leader Chuck Schumer's son-in-law has joined private equity giant Blackstone as a "managing director of government affairs," the latest addition to the New York Democrat's family lobbying empire.
Michael Shapiro, who recently served as President Joe Biden's deputy assistant secretary for economic policy at the Department of Transportation, will focus on infrastructure investments and projects at Blackstone, according to the firm. Shapiro lands the new gig as Schumer is poised to decide the fate of legislation on infrastructure spending and tax loopholes of interest to Blackstone. The move was first reported by Capitol Account, a newsletter founded by two former Bloomberg reporters devoted to covering the intersection of Wall Street and Washington.
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