Letters to the Regulators: Letter to the SEC in Defense of Executive Compensation Disclosure
AFREF joined Public Citizen and other groups in a letter to the Securities and Exchange Commission in defense of executive compensation disclosures.
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News Release: Nearly 200 groups demand Senate oppose defunding critical consumer protection agency
Today a group of 193 civil rights, community, consumer, labor, faith-based, small business, farm, and other organizations urged the Senate to stand up for the Consumer Financial Protection Bureau (CFPB) and oppose devastating attacks on its budget and independence in the budget reconciliation bill.
News Release: Advocacy Groups Call on Senate to Tax Corporate and Private Equity Landlords
Today, 13 housing, economic justice, community, and other advocacy organizations sent a letter to the Senate urging the consideration of Senator Merkley’s HOPE for Homeownership Act during the budget reconciliation debate.
News Release: Thirty Groups Call on Senate to Make Wall Street Pay Its Fair Share
The Wall Street investor class benefits from tax breaks and lax oversight in the Big Brutal reconciliation bill. The legislation guts consumer protections and eliminates critical programs that people rely upon just to enrich billionaires and Wall Street tycoons. The Senate has other options that would avoid slashing basic support for working families.
Letters to International Standard Setters: ISSB Greenhouse Gas Emissions Disclosure
Americans for Financial Reform Education Fund organized and submitted a letter signed by 16 organizations to the International Sustainability Standards Board (ISSB). The letter pushes back on proposed amendments to the ISSB’s global greenhouse gas emissions disclosure framework that would exclude GHG emissions disclosure from
Blog: Private Equity Barons Defend Tax Breaks from the Shadows
As lawmakers continue to crunch the budget on Capitol Hill, the private equity (PE) industry is trying to protect its coveted carried interest tax loophole, which rewards its extractive risk-taking and exploitation of workers, communities and the public. This time, private equity firms are using a network of companies that they own, financially support, or are associated with to project an artificial image of homegrown resistance. In Texas and Louisiana, PE has enlisted oil and gas producers to fight its fight. And more widely across the country, they have brought in corporate landlords to do the same.
Letters to Congress: AFR Letter Urges Senate to Make Wall Street Pay Its Fair Share
AFR sent a letter urging the U.S. Senate to make Wall Street and private equity firms pay their fair share. The budget bill includes massive tax cuts for the ultra-wealthy and savage cuts to critical programs that support working families, making it the most regressive bill in decades. Closing ten Wall Street tax loopholes would make the tax code fairer and could eliminate the cuts in the big, brutal bill.
Letters to Congress: Letter in Opposition to H.R. 2988, Protecting Prudent Investment of Retirement Savings Act
Labor unions, investors, and public interest organizations wrote to the House Education and Workforce Committee in opposition to H.R. 2988, Protecting Prudent Investment of Retirement Savings Act.
Blog: Call Congress NOW: Stop the Big, Brutal Bill Attacking the CFPB
Faith leaders, union members, and consumer advocates rallied outside CFPB headquarters on June 5 with a unified message to Congress: gutting the Consumer Financial Protection Bureau’s budget is a direct attack on the people that the CFPB protects every day.
In the News: Why Passing the Stablecoin GENIUS Act Might Not Be So Smart (The New Yorker)
“The GENIUS Act is an important step, but it is just one of many actions that the crypto industry and its allies in the White House and Capitol Hill are taking to launch an uncontrolled experiment in unleashing crypto on the economy and the financial system,” Mark Hays, an associate director of crypto and fintech at Americans for Financial Reform, a Washington-based advocacy group, told me.