Many organizations have come out in support of the Stop Wall Street Looting Act, the first comprehensive reform of the predatory private equity industry. This legislation was introduced in Congress today.
Today, the House Ways and Means committee released its draft plan for the Build Back Better economic package. It includes many crucial spending items, and some positive tax provisions. But, overall, it fails to meet the moment. Among other things, the package leaves out revenue-raising proposals from the Biden administration that would advance racial and economic justice. We need more dramatic change to the status quo, which benefits Wall Street and the super-rich and harms the rest of us.
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This was supposed to be the decade of tougher consumer protections. That didn’t happen CNBC, 12/25/19 Some mobile home dwellers face eviction months after investor firm hiked rents WDAY/Inforum (North Dakota), 12/2219 Where have all the CFPB fair-lending cases gone? American Banker, 12/16/19 How to
Detailed and timely data disclosures are required so Congress, Inspectors General, and the specialized Coronavirus oversight bodies created by the CARES Act can ensure Coronavirus expenditures and benefits are being delivered to the public as intended.
Detailed and timely data disclosures are required to ensure Coronavirus-related expenditures and benefits are being delivered to the public as Congress intended.
The next COVID response legislation, must include clear conditions for all companies that receive Federal financial support that require worker retention and protection as well as limitations that ensure that government money will not be used to profit corporate insiders and Wall Street speculators.