Letters to Congress: Letter in Support of Sandra Thompson’s Nomination to Serve as Director of FHFA
AFR joined a letter to Congress in support of Sandra Thompson’s nomination to be director of FHFA.
Tag Archives: Congress
Letters to Congress: Letter in Support of the Build Back Better Provision that Limits the Pell Grant Increase to Students Attending Public and Non-Profit Colleges
AFR joined a letter to Congress in support of the provision in Build Back Better that limits the Pell grant increase to students attending public and non-profit colleges, excluding for-profit schools.
Letters to Congress: Letter in Support of Three Crucial Provisions of BBB to Strengthen the FTC
AFR joined a letter to Congress in support of three crucial provisions of the Build Back Better Act that would strengthen the FTC’s hand against discriminatory and abusive data practices and the businesses that engage in them.
Letters to Congress: Organizations Support Omarova as Comptroller of the Currency
AFR joined a letter to Congress in support of the nomination of Professor Saule Omarova to serve as the next Comptroller of the Currency.
News Release: Sen. Elizabeth Warren and Rep. Mark Pocan Join Town Hall, Build Momentum for Halting Private Equity Abuses of Workers, Communities
At a town hall hosted by United for Respect and Americans for Financial Reform, workers and leaders across industries came out strongly in support of the Stop Wall Street Looting Act. The event focused on the devastating impact of private equity firms on the quality and quantity of jobs across industries.
In The News: Private equity, hedge funds accounted for over $625 million in political spending during 2020 campaign, study says (CNBC)
“Whether it is preserving favored tax loopholes or forestalling more comprehensive reform, private fund executives spend on politics for the purpose of getting richer at the expense of everyone else,” Ricardo Valadez, private equity campaign manager at AFR, said.
Report: Private Equity and Hedge Fund Money in Politics in 2019-20
Wall Street private equity and hedge funds pumped at least $627 million into the political process – campaign contributions and lobbying – during the 2019-2020 election cycle. The sum, amounting to about $858,000 each day, reflects the meteoric rise in the size and scope of the private funds industry, which has come to control vast swaths of the American economy over the last decade.
News Release: Private Equity Reform Needed to Curb Worker Abuse as Industry Explodes
The Stop Wall Street Looting Act would rewrite the rules that shape the private equity industry, which now has about $7.1 trillion in assets and wealth under its control, so that regulation and market incentives promote productive, sustainable investment, not the wealth extraction that now is all too common.
Statement: Supporters of the Stop Wall Street Looting Act
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.
In The News: DeJoy’s plan to make U.S. mail slower and more expensive reignites calls for his ouster
“I would say that there is a history of dumping on the postal service, and Congress certainly hasn’t helped the situation over the years,” said Porter McConnell, campaign director of Take on Wall Street, co-founder of the Save the Post Office coalition. “That said, stepping into this history in Louis DeJoy, uniquely ill-suited to the moment.”