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News Release: Stop Wall Street Looting Act Would Curb Worst Private Equity Abuses
July 18, 2019 – 9:10 am

“Private equity and hedge funds now wield enormous influence over the American economy, often with terrible consequences for workers and communities,” said Lisa Donner, executive director of Americans for Financial Reform. “We need effective rules of the road to stop predatory practices by these Wall Street giants.”

Advisory: Briefing for Media on Stop Wall Street Looting Act at 3pm ET
July 18, 2019 – 9:10 am

Briefing on Stop Wall Street Looting Act of 2019 will be at 3pm ET. To join call RSVP to Kyra Sandovi, kyra@ourfinancialsecurity.org and dial (800) 230-1096 and ask for “Private Equity Legislation” conference call.

News Release: Public Interest Groups Support Bill to Address Private Equity Abuses
July 18, 2019 – 9:10 am

Over 15 major public interest groups have signed on to support the Stop Wall Street Looting Act of 2019, which was introduced today in the House and Senate.

Legislation: Summary and Analysis of Stop Wall Street Looting Act
July 18, 2019 – 9:10 am

The Stop Wall Street Looting Act would curb the worst abuses of Wall Street private equity executives by making them liable for damage they cause, protecting the interests of workers, preventing looting of target companies, and improving transparency for investors.

Event: Former Fed Governor Tarullo Decries “Low-Intensity Deregulation”
May 21, 2019 – 11:21 am

“[A] good bit of that progress … could be endangered by a kind of low-intensity deregulation, consisting of an accumulation of non-headline-grabbing changes and an opaque relaxation of supervisory rigor. There are things to be concerned about in many of the individual proposals on such matters as the leverage ratio, resolution planning, and foreign banking organizations. It’s the cumulative effect, though, that is truly worrisome.”

News Release: Wall Street Money In 2017-18 Highest Ever For Non-Presidential Cycle
April 30, 2019 – 9:20 am
News Release: Wall Street Money In 2017-18 Highest Ever For Non-Presidential Cycle

Wall Street poured at least $1.9 billion into the political process, the largest-ever amount for a non-presidential year, according to a new report by Americans for Financial Reform. This sum outstrips the total of $1.4 billion, in the 2013-14 election cycle, by 36 percent.

Report: Wall Street Pumps $1.9 Billion into Political Process in 2017-18 Election Cycle
April 30, 2019 – 6:58 am
Report: Wall Street Pumps $1.9 Billion into Political Process in 2017-18 Election Cycle

The $1.9 billion Wall Street poured into American politics includes contributions to campaign committees and leadership PACs ($922 million) and lobbying expenditures ($957 million). The money backed a massive rush of pro-industry nominees and legislation over the last two years, at a time when the biggest banks made $100 billion in profits for the first time.

AFR Report: Finance for a Fair Economy – Managing the Financial Cycle
March 28, 2019 – 5:00 am
AFR Report: Finance for a Fair Economy – Managing the Financial Cycle

The financial cycle is a concept developed by economists to understand the reasons why finance-driven growth can be self-defeating. Policymakers need to rebalance our response to recessions and financial crises to prevent any repetition of the experience of 2008-2009, in which benefits flowed to Wall Street, not ordinary Americans.