AFR Letter: Oppose HR 1588
AFR sent a letter to members of Congress urging them to oppose HR 1588, a bill that would preempt state laws with stronger protections for rent-to-own consumers.
Tag Archives: Congress
AFR Letter: Oppose H.R. 1840
AFR sent a letter to members of Congress urging them to oppose H.R. 1840, legislation that unnecessarily adds over a dozen additional requirements to the already existing statutory cost-benefit requirements for the Commodity Futures Trading Commission (CFTC). These requirements would effectively paralyze the agency’s rule writing capacity, and make it impossible for the CFTC to implement laws passed by Congress to safeguard our financial system.
AFR Letter: Oppose HR 1838
Read AFR’s letter opposing HR 1838 here
AFR Letter: Oppose the Sequester Replacement Reconciliation Act of 2012
AFR sent a letter to members of congress, urging them to oppose the “Sequester Replacement Reconciliation Act of 2012”, which would end the Home Affordable Mortgage Program (HAMP), repeal the resolution authority granted to the FDIC to liquidate failing financial institutions, eliminate the Office of Financial Research, and eliminate the independence of the Consumer Financial Protection Bureau by making it the only bank regulatory agency subject to the appropriations process.
AFR Letter: Support the SAFE Act
AFR sent a letter to Senator Sherrod Brown, pledging our support for “The Safe, Accountable, Fair, and Efficient Banking Act of 2012.” The SAFE Banking Act would limit the total size of any banking institution and impose a leverage limit of 10 to 1, and thus ensure that all of our financial institutions are fully exposed to market discipline.
Sign On Letter: Support Full Funding for the CFTC
AFR signed onto to a letter along with more than 50 other organizations, urging members of Congress to support full funding for the CFTC.
AFR Letter: Oppose HR 3336
AFR sent a letter to members of congress urging them to oppose HR 3336, which would expand already generous regulatory exemptions for large financial entities.
AFR Letter: Oppose HR 3527
AFR sent a letter to the House urging members to oppose HR 3527, which would create unnecessary roadblocks to enforcement of derivatives oversight on big Wall Street banks and the financial services industry.
AFR Press Statement: Wall Street Titans Support Financial Speculation Tax
“On the eve of Tax Day, as millions of Americans are still struggling with hard times and worrying about how to pay the IRS, some of the most prominent players on Wall Street held a press conference announcing that they were stepping up to support a financial speculation tax to “pay their fair” share and help put America back to work.”
AFR in the News: Is Dodd-Frank being rolled back while no one is looking?
“It’s par for the course for the GOP-controlled House to pass bills that few people notice and that ultimately go nowhere. But it’s rare for legislators to join hands across the aisle to roll back parts of President Obama’s signature legislative achievements. That’s what happened on Monday, when the House passed two little-noticed bills that changed the derivatives rules under the Dodd-Frank Act. … But critics of the bills, like Americans for Financial Reform, believe that the legislation could make substantive changes to Dodd-Frank that would increase risk and instability in the marketplace.”