AFREF and 23 signatories submitted a comment letter calling on the Treasury Department and the IRS to finalize a rule implementing the 1% stock buybacks excise tax with strong anti-avoidance provisions.
AFREF and 11 organizations submitted a comment letter to the Public Company Accounting Oversight Board (PCAOB) in support of a proposal to require public accounting firms to publicly report specified firm- and engagement-level metrics. If finalized, these metrics would provide investors, audit committees, and other stakeholders critical information to compare audit firms, make better-informed decisions, and enhance auditor accountability.
AFREF and 96 organizations and individuals concerned about the harmful impacts of transactions that affect consolidation in health care submitted comments responding to a Request For Information from the Department of Justice, Federal Trade Commission, and Department of Health & Human Services, calling for action to curb the abuses of private equity and safeguard the ability of doctors to deliver quality care to all patients and achieve equitable health outcomes.
AFREF submitted its own comment in response to a Request For Information from the Department of Justice, Federal Trade Commission, and Department of Health & Human Services. The comment focuses on transactions by private equity (PE) funds which, by treating health care facilities and companies as financial instruments, have inflicted damage on health care businesses, communities, and individuals.
AFREF, Public Citizen, and other allies sent a letter to President Biden urging him to nominate a strong progressive leader to head the Federal Deposit Insurance Corporation (FDIC) at this critical juncture.
AFREF submitted a second brief with the Office of the Comptroller of the Currency and Federal Reserve calling on the banking regulators to reject the proposed Capital One-Discover merger. The proposed Capital One-Discover merger would have significant anti-competitive impacts that would harm consumers and communities. The merger also fails to meet the requirements and conditions of the Bank Merger Act and Bank Holding Company Act. It fails to meet the convenience and needs of communities by raising consumer credit card costs, having a record of misleading marketing and aggressive debt collection, and closing two-thirds of its branches over the past 15 years.