Join Occupy the SEC in Opposing Deregulatory Riders to the Omnibus Government Spending Bill
Messages Sent So Far
The Holidays are a time for giving. Unfortunately, for some members of Congress, December seems to be time for bestowing lavish presents on Wall Street bigwigs and debt collectors. Just like in prior years, these legislators are attempting to attach dangerous riders to the must-pass budget bill, in an effort to force Congress to adopt dangerous corporate giveaways that would have had little or no chance of passing under the normal legislative process. The most troubling of these corporate giveaways would hurt ordinary investors, indebted college students and consumers.
One proposed rider would gut and delay the Department of Labor's fiduciary rule for investment advisors working on 401(k) accounts. If passed, the bill would threaten retirement security for millions of ordinary Americans. The passage of this rider would allow investment advisors to continue with business as usual despite dangerous conflicts of interest, and would rob savers of their hard-earned money.
Other proposals would reorganize the CFPB in a way that would undermine its effectiveness and prevent it from resolving lending discrimination by car dealers. The CFPB has been one of the most effective government agencies in fighting against the exploitative practices that currently plague consumer finance.
Certain other riders would hamper the ability of the FSOC and the Federal Reserve to regulate the kind of Too Big to Fail institutions that nearly brought down the whole economy during the 2008 recession.
I ask you to seriously oppose these riders to the Omnibus bill. December is a time for a number of holidays traditions. The hijacking of the year-end budget process simply to enrich corporate America should not be one of those traditions.
Public Comments
|
Dec 14th, 2015
Someone
from San Luis Obispo, CA
writes:
Pass a clean Omnibus spending bill.
Consumers need protection of the predators on Wall Street.
|
|
Dec 14th, 2015
Someone
from Charlotte, NC
writes:
As a citizen I find it depressing that Congress should need to be petitioned not to do something that is so plainly destructive to the public good.
|
|
Dec 14th, 2015
Someone
from Williamsfield, IL
writes:
Another give-away to big money. Thanks, Republicans. Your faux "populism" in the 2012 election is simply hot air.
|
|
Dec 14th, 2015
Someone
from Phippsburg, ME
signed.
|
|
Dec 14th, 2015
Someone
from Baltimore, MD
signed.
|
|
Dec 14th, 2015
Someone
from Scotts Mills, OR
writes:
These people just want to dismantle government at any cost! So they try to make it easier for their buddies to game the system, thereby circumventing the social contract we have with each other.
|
|
Dec 14th, 2015
Someone
from Brooklyn, NY
signed.
|
|
Dec 14th, 2015
Someone
from New York, NY
signed.
|
|
Dec 14th, 2015
Someone
from Fabius, NY
writes:
Anything for the rich and powerful, NOTHING for the rest of us.
|
|
Dec 14th, 2015
Someone
from Lakeland, FL
signed.
|
|
Dec 14th, 2015
Someone
from Chicago, IL
signed.
|
|
Dec 14th, 2015
Someone
from Lagrangeville, NY
signed.
|
|
Dec 14th, 2015
Someone
from Gary, IN
signed.
|
|
Dec 14th, 2015
Someone
from Hurricane, WV
signed.
|
|
Dec 14th, 2015
Someone
from Washington, DC
signed.
|
|
Dec 14th, 2015
Someone
from Knoxville, TN
writes:
Congress likes to accuse Russia and China of rampant corruption, but allows, overlooks, and nurtures forms of corruption here at home.
|
|
Dec 14th, 2015
Someone
from Lone Tree, CO
signed.
|
|
Dec 14th, 2015
Someone
from Orlando, FL
signed.
|
|
Dec 14th, 2015
Someone
from Geneva, IL
signed.
|
|
Dec 14th, 2015
Someone
from Elizabeth, IN
signed.
|
|
Dec 14th, 2015
Someone
from Arnold, MD
signed.
|
|
Dec 14th, 2015
Someone
from Roswell, GA
signed.
|
|
Dec 14th, 2015
Someone
from Costa Mesa, CA
signed.
|
|
Dec 14th, 2015
Someone
from San Diego, CA
signed.
|
|
Dec 14th, 2015
Someone
from Redondo Beach, CA
signed.
|
|
Dec 14th, 2015
Someone
from Port Orford, OR
signed.
|
|
Dec 14th, 2015
Someone
from Cambria, CA
signed.
|