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Letters to Congress

Letters to Congress: AFR Urges Opposition to HR 3978 — A Bill Harming Investors and Consumers
February 13, 2018 – 2:35 pm

AFR sent a letter urging House members to vote “No” on H.R. 3978 — a grab bag of bad legislative ideas that would weaken SEC oversight of Wall Street and undermine consumers, investors rights and protections.

Letter to Congress: AFR Opposes A Dozen Deregulatory Bills Under Consideration at a House Financial Services Committee Markup
January 17, 2018 – 10:24 am

AFR sent a letter to the House Financial Services Committee opposing a dozen bills that would deregulate banks and strip away consumer and investor protections.

Letter to Congress: AFR urges opposition to HR 3312 — a deregulatory gift to the largest banks in the country.
December 18, 2017 – 5:21 pm

“H.R. 3312 dramatically restricts oversight of some of the largest banks in the country, increasing risks to regional economies and to financial stability, and therefore to the prosperity of families and communities.”

Letter to Congress: Protect Shareholder Rights — Oppose HR 4015
December 18, 2017 – 4:22 pm

AFR sent a letter opposing a bill that would eliminate the independent voice of proxy advisory firms and unfairly disadvantage shareholders as compared to firm management.

Letter to Congress: AFR Opposes Multiple Deregulatory Bills Under Consideration by Financial Services Committee
December 12, 2017 – 11:00 am

AFR sent a letter to the House Financial Services Committee opposing multiple bills that would deregulate big banks and strip away investor protections.
AFR Letter Re HFSC 12-12 Markup

Letter to Congress: Reject H.R. 4508, a bill that favors corporations that abuse federal aid over students
December 11, 2017 – 3:55 pm

The reauthorization of the Higher Education Act should be a real opportunity to help students; instead, the PROSPER Act makes their lives worse in nearly every aspect. It raises repayment costs for struggling borrowers, lets institutions that scam students off the hook, and narrows relief for defrauded students.

Joint Letter: AFR and 16 Organizations Oppose HR 2570 — A Bill Promoting Predatory Mortgage Lending
December 7, 2017 – 2:42 pm

H.R. 2570 would open the door to predatory mortgage lending by making it easier for lenders to steer homeowners into high-cost, abusive deals on certain mortgages, especially on home equity lines of credit and construction loans

Letter to Congress: AFR Opposes HR 477 — the misleadingly labeled “Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017″
December 7, 2017 – 2:18 pm

Disguised as a regulatory relief for small businesses, this legislation would exempt from registration requirements merger and acquisition brokers of transactions involving quite large privately held companies, while opening a deregulatory window of opportunity for private equity firms to exploit.