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.
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.
AFR and 30 civil rights, labor, community, consumer protection, and economic justice organizations sent a letter calling on the Senate to swiftly act to defend the statutorily mandated independence of financial regulators in the face of unprecedented attacks and firings of commissioners and board members.
Americans for Financial Reform and five other public interest organizations submitted a letter urging U.S. Senators to oppose the nomination of Michelle Bowman to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System.
Americans for Financial Reform has been leading on opposition to the FIRM Act. This bill would force bank regulators to specifically disregard one category of significant financial risk – reputational risk – when assessing a bank for safety and soundness. Additionally, the bill would further
Americans for Financial Reform submitted a letter opposing several deregulatory measures considered at House Financial Services Committee capital formation and financial institutions markup. Weakening investor protections in the name of capital formation threatens market integrity and exposes smaller, retail investors to unnecessary risk.
View or download a PDF of the letter here. Americans for Financial Reform and 348 other consumer, civil rights, labor, legal services and community organizations, and academics wrote to urge Congress to demand action to restore a strong and independent Consumer Financial Protection Bureau (CFPB).
Americans for Financial Reform and seven other public interest organizations submitted a letter urging U.S. Senators to oppose the nomination of Jonathan V. Gould to serve as Comptroller of the Currency.
Americans for Financial Reform submitted a letter opposing several legislative proposals being considered at the House Financial Services Committee hearing “Beyond Silicon Valley: Expanding Access to Capital Across America.” Weakening investor protections in the name of capital formation threatens market integrity and exposes smaller, retail investors to unnecessary risk.
View or download a PDF of the letter here. Americans for Financial Reform, Consumer Federation of America, and Public Citizen led a letter in opposition to Delaware Senate Bill 21 (SB 21) with 29 additional signatories. If passed, SB 21 would overhaul Delaware corporate law