Letters to Congress: Repeal Taxation of Pell Grants
AFR joined a letter to Congress in support of repealing taxation of Pell Grants.
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Statement: AFR Condemns Overturning of Roe v. Wade
A decades-long campaign to overturn Roe vs. Wade has succeeded thanks to a hard-right turn by a Supreme Court packed with justices appointed by President Trump. The right to abortion is more than a medical procedure. Reproductive freedom is an element of economic justice, and the restrictions and bans that are not long in coming will surely fall hardest on Black and Brown communities. Congress needs to act quickly to secure this right.
News Release: Bank, Credit Union and Consumer Groups Support Committee Vote to Close the Industrial Loan Company Loophole
Washington, D.C. – The U.S. House Committee on Financial Services convened today to mark up a series of proposed laws, including a bill to close the industrial loan company (ILC) loophole. The ILC loophole allows Big Tech and other nonbank companies to offer financial products and services without complying with the safeguards and oversights required of bank holding companies.
In The News: The Ferocious, Well-Heeled Battle Against the SEC’s New Rules on Hedge Fund Activism
“You’re closing a profitable loophole, so there’s no surprise that we’re seeing the type of pushback that we see right now,” says Andrew Park, a senior policy analyst at investor advocacy group Americans for Financial Reform who was recently named to the SEC’s investor advisory committee
News Release: Organizations Garner Over 60,000 Signatures Urging SEC to Strengthen Climate Risk Disclosure Rule as Comment Period Closes
Over 60,000 people support strong climate disclosure rules proposed by the U.S. Securities and Exchange Commission (SEC), and over 10,000 individual comments were submitted during the public input period, which closes today.
Letters to Regulators: Comments to the SEC on Climate Disclosure Proposal
AFREF submitted and joined coalition comment letters in response to the Securities and Exchange Commission (SEC)’s proposed rule on climate disclosure. The coalition letters focused on Environmental Justice, Community Impacts, and Indigenous rights.
Event: AFR Staff Speak to Advocates on Private Equity and Housing, Climate
Oscar Valdés Viera, research manager at AFR and Alex Martin, senior policy analyst for climate and finance presented at the annual Consumer Assembly organized by the Consumer Federation of America.
Letters to Regulators: Follow Up Comment to the SEC on Private Funds
AFREF sent a Follow Up Comment to the Securities and Exchange Commission expressing support for its proposals that would require private fund advisers to provide their investors with greater and more detailed information around the fees, expenses, returns, and bilateral investment relations (via side letters). We echo many of the comments the SEC has since received since its initial comment period and reflect how current market conditions make the Commission’s proposals especially a priority given the variation in the reporting and valuation of private market assets.
Letters to Regulators: Comment to the SEC on SPACs
AFREF sent a letter to the Securities and Exchange Commission expressing its support for its many proposals that would amend the definition of a “blank check company” to include the current and any future iterations of Special Purpose Acquisition Companies (SPACs). Such proposals would impose greater liability on many involved in the creation and distribution of SPACs and provide investors with greater transparency into the forward looking projections that the issuers of SPACs have been misleadingly overly optimistic with.
Letters to Congress: Letter Calling for Housing Investments in Revised Reconciliation Bill
AFR joined a letter calling on Congress to include historic, equity-minded housing investments in a revised budget reconciliation bill to narrow the racial wealth gap and increase fair and sustainable homeownership opportunities for communities of color.