Statement of the AFL-CIO Executive Council: The Jobs Act—A Cynical and Dangerous Return to the Politics of Financial Deregulation
The AFL-CIO released an executive statement slamming the JOBS Act as a Wall Street scam.
News Category: Press Releases & Statements
SEC Chairman Mary Schapiro Voices Concerns Over the JOBS Act in Letter
Mary Schapiro, Chairman of the Securities Exchange Commission (SEC) sent a letter to Senators Johnson and Shelby voicing her concerns over the JOBS Act.
CSS Letter: CSS Opposes the JOBS Act
Read the letter here.
AFR Letter: Do Not Revise Definition of ‘Swap Dealer’
AFR sent a letter to the SEC and CFTC urging regulators not to revise and loosen their original definition of ‘swap dealer’.
AFR and CFA Letter: AFR and CFA Weigh in on JOBS Act Amendments
As the House takes up consideration of the JOBS Act, AFR and Consumer Federation of America wrote to members of the House in support of a handful of amendments that would make modest, incremental improvements in the legislation’s investor protections. The amendments cannot overcome the bill’s fundamental flaws, however. So, even if the amendments are adopted, CFA and AFR urged opposition to the overall bill.
Sign on Letter: AFR Stands with Public Interest Groups Against the JOBS Act
As the U.S. House of Representatives prepares to vote this week on the JOBS Act, consumer and investor groups from around the country wrote to urge the House not to adopt this anti-investor bill. The legislation would roll back important investor protections, undermine market transparency, and, as a result, drive up the cost of capital for the small companies it purports to benefit. The groups warned that it is more likely to harm the economy than to produce sustainable jobs growth.