Congres Archives - Americans for Financial Reform

News Release: House Crypto Bill Faces Broad Opposition from Public Interest Voices

As the House meets this Wednesday to vote on a bill that would create a new federal framework for crypto regulation, labor unions, consumer and investor protection organizations and experts are raising the alarm about the bill’s potential to cause serious consumer and investor harm. Americans for Financial Reform and Demand Progress joined more than 30 national and state organizations and academic scholars and thought leaders with financial regulatory expertise in sending a letter to Congress expressing opposition to H.R. 4763, The Financial Innovation and Technology for the 21st Century Act (“FIT” Act).

News Release: Probe of SVB Failure Must Scrutinize Role of Fed Chair Powell

Washington, D.C. – The investigation into the crisis unleashed by the failure of Silicon Valley Bank must scrutinize Federal Reserve Chair Jerome Powell’s role in the lead-up to the crisis, according to a fact sheet released by Americans for Financial Reform Education Fund.

New Release: Senate Votes to Nullify DOL Rule that Safeguards Workers’ Retirement Security

Washington, D.C. – The Senate passed a resolution today to nullify a Department of Labor rule that protects workers and their life savings, following on the heels of yesterday’s House vote. President Biden has indicated that he will veto the resolution.

Report: Wall Street Money in Washington, 2019-2020

In the 2019-20 election cycle, Wall Street banks and financial services interests reported spending $2.9 billion to influence decision-making in Washington. That total – officially reported expenditures on campaign contributions and lobbying – works out to $4 million a day. This level is a full 50 percent above the previous record of $2 billion in the previous presidential cycle, reflecting the industry’s enduring effort to influence policy no matter which party controls Congress and the executive branch.