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.
Tag Archives: Congress
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.”
Letters to Congress: Letter Urging Congress to Focus on Affordable Homeownership in Budget Reconciliation
AFR joined a letter urging Congressional leaders to make sure that policies across the housing continuum are comprehensively included in the Budget Reconciliation Bill, especially those with a strong focus on affordable homeownership.
Letters to Congress: Letter on Upcoming Bills
AFR sent a letter to Congress in support of H.R. 3332, H.R. 4618, H.R. 4619 and H.R. 4620, and in opposition to H.R. 935.
Letter to the Administration: Letter Calling for Faster Pace in Appointing Financial Regulatory Positions
AFR sent a letter urging the Biden Administration to take a faster pace in filling key regulatory and financial policy positions. The letter calls out how the Administration’s slow pace in these appointments has undermined its racial justice and climate change agendas.