Share:

Join Occupy the SEC in Pushing Congress to Reject Dodd-Frank Deregulation

Messages Sent So Far
PETITION AGAINST LAST MINUTE DILUTION OF DODD-FRANK

As your constituent, I am requesting that you OPPOSE current attempts to roll-back crucial parts of the Dodd-Frank Act. Specifically, you should oppose Section 630 of the Senate Amendment to H.R. 83 (?Omnibus Bill?) and Title III of the House?s current version of the Terrorism Risk Insurance Act of 2014 (?TRIA?).

Section 630 would gut Dodd-Frank?s swaps pushout rule, and Title III would free so-called ?end-users? from margin requirements in derivatives trading. If passed, Section 630 would increase the chances that risky derivatives trading would once again require government bailouts. Similarly, Title III would proliferate credit risk from discrete end-users to the broader global economy.

These provisions are nothing more than an attempt by Wall Street lobbyists and their friends in Congress to eviscerate important derivatives reforms implemented by the Dodd-Frank Act. To make matters worse, bank-friendly members of Congress are trying to sneak in these dangerous provisions into important, last-minute bills that have nothing to do with Dodd-Frank. By allowing the passage of Section 630 of the Omnibus Bill and Title III of the TRIA, you and other members of Congress would only be paving the way for further gutting of Dodd-Frank, which would surely jeopardize our nation?s economy, line the pockets of wealthy financiers, and damage the fiscal health of every day Americans.

A complete version of this petition, including detailed arguments against these provisions can be found at:

https://drive.google.com/file/d/0By16zy2H5G83WndHR2NlVkRhclk/view?usp=sharing

Post Public Comments

Public Comments (1,571)
Jun 10th, 2017
sandy s. from Mapleton, OR writes:
Quotation mark icon
Not again!!! Our government likes Bubbles and Crashes and Bankster Casinos? We need Direct Democracy so the 99% can dictate Policy, not 1% owned politicians. We need Public Banking to socialize the Banks so the People can stabilize Banking for nominal loans and interest that keep savers and borrowers in business while all interest is rolled back in to more loans and interest. A People's Bank system, not a 1% Bankster's System.
Jun 10th, 2017
sandy s. from Mapleton, OR writes:
Quotation mark icon
Not again!!! Our government likes Bubbles and Crashes and Bankster Casinos? We need Direct Democracy so the 99% can dictate Policy, not 1% owned politicians. We need Public Banking to socialize the Banks so the People can stabilize Banking for nominal loans and interest that keep savers and borrowers in business while all interest is rolled back in to more loans and interest. A People's Bank system, not a 1% Bankster's System.
Jun 9th, 2017
Someone from Mountain Home, AR signed.
Jun 9th, 2017
Someone from Mountain Home, AR signed.
Jun 7th, 2017
Randall Scott C. from Hardshell, KY writes:
Quotation mark icon
Dismantle , get rid of Dodd frank bill
May 25th, 2017
Christine J. from Red Bank, NJ writes:
Quotation mark icon
Americans must be protected from the possibility of another banking crisis such as we had in 2008.
Feb 21st, 2017
Someone from Reseda, CA signed.
Feb 19th, 2017
Someone from Charlotte, NC writes:
Quotation mark icon
Up with CONSUMER PROTECTION... Down with CORRUPTION!
Feb 12th, 2017
Rebecca C. from Herndon, VA signed.
Feb 6th, 2017
James L. from Escondido, CA signed.