The next COVID response legislation, must include clear conditions for all companies that receive Federal financial support that require worker retention and protection as well as limitations that ensure that government money will not be used to profit corporate insiders and Wall Street speculators.
We strongly urge that Congress strengthen the oversight and anti-corruption measures over the $3 trillion and growing Coronavirus relief legislative programs. Our organizations represent broad and diverse constituencies across the ideological spectrum concerned about the potential for fraud, waste and abuse of the nation’s largest spending packages in history.
It’s crucial the new House Select Subcommittee on the Coronavirus Crisis start oversight work as soon as possible. By doing so, the Subcommittee can make recovery efforts more effective and guarantee that government agencies are good stewards of public money.
AFR and our partners sent a letter in support of including the Medical Debt Relief Act as part of future covid-19 relief.
Public advocates sent a letter to Congress in support of the Pandemic Anti-Monopoly Act, a proposal from Senator Elizabeth Warren and Congresswoman Alexandria Ocasio-Cortez to prevent big corporations and Wall Street investors from exploiting the pandemic to further consolidate their economic and political power.
Letter calling on Congress to include consumer protections in COVID-19 relief
AFR joined this letter to Congress urging Congress to take the steps needed as soon as possible to clarify that COVID-19 stimulus payments to help households during this public health emergency are exempt from garnishments. View or download pdf here.
AFR and SBPC Send Letter to Navient Demanding Investment in Student Borrowers, not Shareholders Americans for Financial Reform (AFR) and The Student Borrower Protection Center (SBPC) sent a letter to the Board of Directors of Navient Corporation urging the company’s board to halt dividends and
AFR Education Fund and Demand Progress Education Fund sent a letter to the House Judiciary Committee regarding competition in the digital marketplace. Congress and regulators should promote the tradition of separating banking and commerce, by extending that set of principles to dominant platforms, especially online marketplaces and social networks.
Today, 69 community, civil rights, consumer, and student advocacy organizations sent a letter to House and Senate leadership, urging them to include student debt cancellation in the next coronavirus package. The letter also calls on leadership to extend the suspension of payments on federal student loans through March 2021, as current estimates indicate that the economy will not recover to pre-virus levels until the third quarter of 2021.