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Joint Letter: AFL-CIO and Americans for Financial Reform sent a letter to the Senate opposing S. 488

Submitted by on October 11, 2018 – 2:19 pm

October 11, 2018

AFL-CIO and Americans for Financial Reform  wrote a letter to the Senate to state opposition to S. 488 (the so-called “JOBS and Investor Confidence Act of 2018”) which has been passed by the House of Representatives. Many industry lobbyists are pressing for adoption of some or all of this legislation by the Senate. However, S. 488 contains a number of harmful deregulatory provisions that make it a bad tradeoff for the public. AFL-CIO and AFR are concerned that parts of S. 488 meaningfully weaken important investor protections and change the structure of securities markets in damaging ways.

Access a PDF version of the full letter here.

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