Tag Archives: Congress

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AFR and More Than 200 Organizations Sign Letter Supporting Mortgage Forgiveness Tax Relief Act

More than 100 organizations joined AFR in signing a letter in support of the Mortgage Forgiveness Tax Relief Act. This crucial piece of legislation would protect homeowners who receive principal reduction modifications from devastating tax consequences is set to expire on December 31, 2013, just as the government’s recent settlement with JP Morgan Chase promises additional principal write downs. Congress must act swiftly to extend this legislation.

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AFR Supports Full Funding for the CFTC

AFR sent letters to members of the House and Senate urging them to support full funding for the CFTC. The CFTC’s role in regulating commodity markets is vital to overall financial stability and cannot do its job without this vital funding.

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AFR Opposes HR 1038

AFR sent a letter to members of Congress urging them to oppose HR 1038. This legislation would make it easier for major dealers in the energy markets to avoid appropriate designation as swaps dealers, and would also remove important protections for public utilities in their swaps transactions.

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Opposition Materials to HR 1256

AFR sent a letter and one pager regarding HR 1256, the “Swaps Jurisdiction Certainty Act” to members of Congress, urging them to oppose the bill. HR 1256 would severely undermine regulators ability to protect U.S. taxpayers from risks that arise from overseas derivatives trading.

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AFR Opposes HR 1135

AFR sent a letter to members of Congress opposing HR 1135, the “Burdensome Data Collection Relief Act.” This legislation would repeal Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires that companies report the ratio of CEO to median worker pay.

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AFR Opposes HR 1105

AFR sent a letter to members of Congress opposing HR 1105, “The Small Business Capital Access and Job Preservation Act.” This legislation would exempt nearly all private equity fund advisers from the registration requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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AFR Opposes HR 1062

AFR sent a letter to members of Congress urging them to oppose HR 1062, “SEC Regulatory Accountability Act”. This legislation would imperil the implementation of many important financial regulatory rules by adding numerous unnecessary procedural requirements to rulemakings by the Securities and Exchange Commission (SEC).