Private equity and other private funds control growing portions of the economy, including in areas crucial to all of our lives, like housing and care–typically increasing prices and decreasing quality. These billionaire factories repeatedly take advantage of loopholes and exemptions to funnel money to their executives at the expense of workers, patients, consumers, real economy businesses, and a sustainable planet. We can change the rules to stop their extremes of extraction.
Advocacy
Resources
Commentary & Updates
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Press Release: New AFREF White Paper Details the Risks to Workers’ Retirement Savings from Misguided DOL 401(k) Proposal that Bails Out Private Equity
Today, Americans for Financial Reform Education Fund released a new white paper warning that the Trump administration’s proposal allowing private equity into people’ 401(k) retirement accounts will undermine their retirement security and amounts to a bailout of the private equity industry.
AFR In the News
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The Guardian: Democrats oppose Trump officials’ effort to include crypto in 401(k) plans
“Opening 401ks to these products risks turning workers’ retirement savings into a Ponzi-like scheme that throws a lifeline to an industry scrambling for fresh cash,” Oscar Valdés Viera, a senior policy analyst at consumer advocacy group Americans for Financial Reform, said in a statement.
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Common Dreams: ‘Harmful to American Workers’: Warren, Sanders Lead Charge Against Trump Crypto Scheme for 401Ks
“This proposal would use 401(k)s to bail out a struggling industry and advance the administration’s push to embed crypto deeper into the financial system,” Valdés Viera explained.
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NH Journal: New Fed Rule Could Open 401(k)s to Private Equity, Crypto Investments
Americans for Financial Reform, an advocacy group that opposes the proposed rule, says the DOL is rushing to implement a flawed proposal that will benefit the alternative assets sector rather than 401(k) owners.
