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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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.
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Bloomberg: Private Credit, Crypto Get Easier Path to 401(k)s in US Plan
“Opening 401(k)s 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: New Trump Rule Would Let Private Equity, Crypto ‘Endanger Retirement Savings of Millions’
Oscar Valdés Viera, senior policy analyst at Americans for Financial Reform, similarly warned that “opening 401(k)s to these products risks turning workers’ retirement savings into a Ponzi-like scheme that throws a lifeline to an industry scrambling for fresh cash.”
