Here’s what’s on deck today, June 16, in the Financial Reform Conference Committee between the House and Senate.  Call Congress and tell them:

Fiduciary Duty

Support the House offer language requiring brokers who give investment advice to act in the best interests of their customers.  We do not need another study, we need action.  The House language is the most effective way Congress can directly protect average, Main Street investors.

Sarbanes Oxley 404

Reject the House offer provision to provide a permanent exemption to small public companies from Sarbanes-Oxley Act requirements designed to prevent accounting fraud.  Provisions to weaken protections against fraud have no place in a bill to restore investor confidence.

The Fed

The Senate bill has important provisions that reform the Governance of the Fed to limit banks ability to choose their own regulators.  The House offer strips them, and should be rejected.

There has been overwhelming bipartisan support for more transparency at the Fed, and the final bill should get this right, including authorizing multiple audits, with no arbitrary time limits, and makings sure information is made public in a timely way.

Tags: conference talking points