On July 17, 2018, Americans for Financial Reform and the AFL-CIO sent a letter to Congress recommending a vote in opposition to S. 488 (the “JOBS and Investor Confidence Act of 2018”), which was being considered on the House floor under suspension of the rules. This legislation does contain several positive elements, and we also appreciate efforts by the bill sponsors that resulted in significant improvements to a number of provisions in the bill. However, those improvements do not compensate for other provisions weakening investors and public protections.
