View or download a PDF of the letter here. AFR and over 30 organizations wrote to House leadership in opposition to eight anti-ESG bills that were marked up by the House Financial Services Committee and the House Committee on Education and the Workforce. These bills are part
View or download a PDF of the letter here. AFR and other coalition members signed onto a letter supporting Tanya Otsuka to Serve on the National Credit Union Administration (NCUA) Board. Ms. Otsuka has dedicated her career to creating a more stable and equitable financial
Americans for Financial Reform led a coalition letter to Majority Leader Schumer and Minority Leader McConnell urging them to pass S. 2190, the Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act. This legislation would make it easier to hold executives accountable — and prevent the excessive risk-taking that leads to bank failures in the first place.
Americans for Financial Reform sent a letter to the House Financial Services Committee and the Senate Banking Committee supporting the Credit Card Competition Act of 2023. The Credit Card Competition Act will introduce much needed competition in a captured market and benefit consumers.
AFR sent a letter in opposition to four legislative proposals that the House Committee on Education and the Workforce is scheduled to consider at its September 14th Full Committee Markup. These bills’ amendments to the Employee Retirement Income Security Act (ERISA) would undermine workers’ retirement security and are part of a broader political campaign against common sense investment practices. The campaign seeks to force financial actors to ignore a slew of financial risks regardless of the consequences for workers’ retirement security and the integrity of our financial system.
Americans for Financial Reform sent a letter to the House Financial Services Committee opposing bills that undermine shareholders’ ability to make sound financial decisions and hold corporations accountable. In our letter, we provide an overview of the bills noticed during the various ESG hearings and briefly discuss why we oppose them.
Americans for Financial Reform and Demand Progress sent a letter to Congress today expressing opposition to H.R. 4766, the Clarity for Payment Stablecoins Act of 2023. Both groups fear the bill as posted creates a regulatory pathway that is too permissive for so-called stablecoins (which are rarely stable) and that would fail to adequately protect consumers and increase the potential risks stablecoins pose to financial markets and systems.
Americans for Financial Reform and Demand Progress joined other consumer advocacy and public interest organizations in sending a letter to Congress expressing opposition to H.R. 4763, The Financial Innovation and Technology for the 21st Century Act, a bill intended to create a market regulatory structure for digital assets.
AFR led 58 organizations in expressing opposition to the anti-ESG policy agenda that seeks to insulate the management of public companies from investor input and accountability and undermine regulations that would equip investors with more information to make better decisions about their investments. It was submitted to the record ahead of six House Financial Services Committee hearings on the topic.
AFR urged opposition to bill doubling down on the so-called Opportunity Zones program that has brought little to no benefit to communities while further enriching a handful of wealthy tech and Wall Street investors and real estate titans.