News Articles Explain Dangers and Flaws of the JOBS Act
Below is a sampling of recent articles that highlight the JOBS Act many flaws and explain why so many different groups and individuals have come out in opposition.
Tag Archives: Congress
Letters from Critics of the JOBS Act
The following letters have been submitted by organizations in opposition to the bipartisan JOBS Act.
AFR Letter: Support Full Funding for the CFTC
AFR sent a letter to the House Agriculture Committee urging members to support the full funding of the CFTC in President Obama’s proposed 2013 budget.
AFR in the News: A bipartisan push to bring back bank bailouts
“Advocates on the left, however, are adamant that the ban remain in place, arguing that it forces banks to put up greater collateral to back up risky bets. ‘It is a form of firewall between swaps dealing and the rest of your operations, requiring separate capitalization,’ says Marcus Stanley, policy director of Americans for Financial Reform. ‘When you allow banks to do absolutely unlimited derivatives activities, it’s hard to separate banking from speculation.'”
AFR Letter: Oppose HR 2308, HR 1838, and HR 3606
AFR sent the following letter to House Financial Services Committee members, expressing concerns about three proposed bills that would undermine transparency and accountability in the financial system.
AFR Letter: Oppose Anti-Investor “Capital Formation” Legislation
AFR sent a letter to the Senate, expressing concerns about a raft of bills that are harmful to economic and job growth.
AFR Letter: Oppose HR 3283
AFR sent a letter to members of congress urging them to reject HR 3283, a bill that would exempt foreign affiliates of U.S. banks from all the major protections against derivative risks contained in Title VII of Dodd-Frank.
AFR Letter: Don’t Cripple the CFPB, Reject HR 1355 & 2081
AFR sent a letter to members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit asking that they reject HR 2081 and HR 1355, two bills that would cripple the CFPB.
AFR Letter: Oppose HR 3461
AFR sent a letter to members of Congress asking that they oppose HR 3461, the “Financial Institutions Examinations Fairness and Reform Act.” This legislation would tilt the playing field further in the direction of industry interests and tie the hands of regulators attempting to protect the public interest.
AFR Letter: Reject Harmful Derivatives Bills in House Agriculture Committee
Read our letter to members of Congress urging them to reject HR 1840, 2779, 2586, 2682, and 3527, a series of derivatives bills in the House Agriculture Committee that would severely weaken regulation.