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Join Occupy the SEC in Safeguarding the Dodd-Frank Act

Messages Sent So Far
Dear Member of Congress:

As your constituent, I believe that it is of the utmost importance that we as Americans band together to prevent a repeat of Wall Street's 2008 Financial Crisis. Therefore, it is vital that we collectively OPPOSE the Financial Choice Act 2.0, sponsored by Jeb Hensarling (R-TX). This bill would effectively repeal the Dodd-Frank Act, which is the main barrier that stands between ordinary consumers and the profiteering giants of Wall Street. If allowed to pass, the Hensarling Financial Choice Act 2.0 would feed the corruption that is endemic to much of the banking industry.

The Choice Act 2.0 is even more appalling than the first version, which was proposed last year. Not only would it upend much of the financial regulations placed on banks, it would also encourage excessive pay among high-ranking Wall Street executives. President Trump thinks he can pressure financial regulators to allow the financial industry to snatch money out of the pockets of everyday Americans. If this bill is passed, his twisted strategy will be successful.

Among other dangerous provisions, the Financial Choice Act would:

* Allow banks to resume speculative trading using taxpayer-insured deposits and free money from the Federal Reserve
* Weaken the Consumer Financial Protection Bureau (CFPB), the only reliable government protector of consumer interests
* Make the passage of financial regulations more difficult
* Make it easier for banks to challenge inconvenient financial regulations in court
* Decrease the funding of financial regulators
* Repeal the authority of regulators to protect the economy from systemically important (ie Too Big to Fail) institutions
* Loosen capital requirements, thereby freeing banks to engage in the risky activities that produced the last crisis
* Allow companies to not disclose the ratio of pay between CEOs and median employees
* Decrease the power that shareholders have regarding the approval of shareholder compensation
* Allow companies to keep secret the relationship between executive compensation and the financial performance of a company

The amount of deregulation that the Choice Act warrants is truly startling. Sadly, the lack of media attention to this important issue is contributing to the likelihood of it passing. Nevertheless, we are counting on you to make the right choice and vote in opposition.

Let us not forget the consequences of the lack of regulation back in 2008. According to the Federal Reserve, 1.3 millions U.S. homes were lost, as was 39 percent of the typical American family's wealth. It was Dodd-Frank that prevented another crisis from happening. Do not let Hensarling's Choice Act repeal Dodd-Frank.

Once again, I ask you to strongly oppose the Financial CHOICE Act 2.0 and similar attempts to enrich corporate America at the expense of the people.
Public Comments
Mar 19th, 2017
Jessea G. from Oakland, CA signed.
Mar 19th, 2017
Glen W. from North Attleboro, MA signed.
Mar 19th, 2017
Someone from Haleiwa, HI writes:
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Trump administration a disaster waiting to happen...
Mar 19th, 2017
Val S. from El Sobrante, CA signed.
Mar 19th, 2017
Jeffrey T. from Baltimore, MD signed.
Mar 19th, 2017
Jerrold W. from Lone Tree, CO signed.
Mar 19th, 2017
Someone from Pacifica, CA signed.
Mar 19th, 2017
Kimberly C. from New Rochelle, NY signed.
Mar 19th, 2017
Someone from Centereach, NY signed.
Mar 19th, 2017
Jesse D. from Brooklyn, NY signed.
Mar 19th, 2017
Teresa W. from Mesa, AZ signed.
Mar 19th, 2017
Thomas B. from Eugene, OR writes:
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Please help protect us, the American people, from the greed and coruption on Wall St. They, like any other addict, can not control themselves. Thank you, Thomas Brown
Mar 19th, 2017
Someone from Irvine, CA signed.
Mar 19th, 2017
Joanna H. from Cambridge, MA signed.
Mar 19th, 2017
Mike B. from Boca Raton, FL signed.
Mar 19th, 2017
kay r. from Gary, IN writes:
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OPPOSE THE REPEAL OF DODD-FRANK
Mar 19th, 2017
Regina D. from Friday Harbor, WA signed.
Mar 19th, 2017
Michael H. from Brooklyn, NY signed.
Mar 19th, 2017
Michael H. from Brooklyn, NY signed.
Mar 19th, 2017
Cynthia D. from Somerville, MA signed.
Mar 19th, 2017
Someone from Gurnee, IL signed.
Mar 19th, 2017
Dianne J. from Allentown, PA signed.
Mar 19th, 2017
Michael I. from San Francisco, CA signed.
Mar 19th, 2017
Someone from Everett, PA signed.
Mar 19th, 2017
Willie M. from Bucksport, ME signed.
Mar 19th, 2017
Karen Hedwig B. from Federal Way, WA signed.
Mar 19th, 2017
Someone from New York, NY writes:
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After the too-big-to-jail banks (now RICHLY represented in the s'Trumpet cabinet) and their moral equivalents crashed the economy, you want to repeal the pathetic Dodd-Frank restrictions (which you largely wrote)? If only the markets were even remotely free, you all would--at best--be out of work.
Mar 19th, 2017
Julia K. from Seattle, WA signed.
Mar 19th, 2017
mary beth s. from Palm Beach Gardens, FL writes:
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Rolling back Dodd-Frank will result in another, worse financial crisis which will be put squarely on the GOP. We have yet to recover from the 2008 Financial Crisis with productivity growth, consumer spending, the housing market still under pressure. What' more, rolling back Dodd-Frank will exacerbate income inequality, threatening the stability of our society.
Mar 19th, 2017
Pamela K. from Saint Ignatius, MT signed.
Mar 19th, 2017
David P. from New York, NY signed.
Mar 19th, 2017
Someone from Brooklyn, NY signed.
Mar 19th, 2017
S M. from Austin, TX signed.
Mar 19th, 2017
Edward S. from Verona, VA writes:
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Please stop the attack on ordinary Americans and the nation itself!
Mar 19th, 2017
James G. from Muncie, IN writes:
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There can be NO MORE bailouts of Wall Street and/or TBTF banks and insurance companies.
Mar 18th, 2017
Donna Lee S. from Bensalem, PA signed.
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