“This week the Capital Markets and Government Sponsored Enterprises Subcommittee has scheduled a hearing at which it will consider legislation (H.R. 2187) that would dramatically expand the categories of individuals who are permitted to invest in private offerings issued under Regulation D of the securities laws. We are writing on behalf of the Consumer Federation of America (CFA) and Americans for Financial Reform (AFR) to express our strong opposition to the legislation as currently drafted.”
AFR and consumer organizations sent materials to members of Congress regarding the hearing, “Examining Legislative Proposals to Preserve Consumer Choice and Financial Independence” in the House Financial Services Committee. The materials urge opposition to nine pieces of legislation that would be harmful to consumers and investors.
“On behalf of Americans for Financial Reform, we are writing to express our opposition to HR 2289, “The Commodity End User Relief Act”. This legislation would have a severe negative impact on the Commodity Futures Trading Commission (CFTC) and its ability to police commodity and derivatives markets.”
“On behalf of Americans for Financial Reform we are writing to express our opposition to Senator Toomey’s Amendment 8, offered by Senator Toomey to Senator Shelby’s regulatory reform bill scheduled for mark-up on May 21.”
On behalf of Americans for Financial Reform, we urge you to oppose Senator Crapo’s Amendment 19 to Senator Shelby’s regulatory reform bill scheduled for mark-up today, May 21. The amendment would prohibit the banking agencies from implementing or participating in the Department of Justice’s Operation Choke Point.
“The Democratic substitute amendment represents a better approach to protecting consumers and the broader stability and security of the financial system, as well as to balancing attention to the concerns of real community banks and the need for key standards to apply across the system. “
