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
Public Comments
Dec 12th, 2014
Someone from Newtonville, MA signed.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Gainesville, FL writes:
Quotation mark icon
Although it was apparent that Wall Street controlled our government as documented by Simon Johnson and demonstrated during the 2007-2009 melt-down, I am still outraged that I as a taxpayer am called to quarentee Wall Street gambling losses. The derivative underwriting does nothing to benefit the country called the United States of America. Continued Shame on Congress.
Dec 12th, 2014
Someone from Elgin, IL signed.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Danbury, CT signed.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Santa Fe, NM signed.
Dec 12th, 2014
Someone from Bedford, MA writes:
Quotation mark icon
Please DO NOT pass the budget bill until the changes to the dodd-frank bill have been removed. We cannot afford to starve the poor in this country to give even more to the 1%. President Obama should veto this budget until the dodd-frank bill is left untouched and changes to it removed from the bill.
Dec 12th, 2014
Someone from Murrells Inlet, SC signed.
Dec 12th, 2014
Someone from New York, NY signed.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from San Antonio, TX signed.
Dec 12th, 2014
Someone from Bedford, MA writes:
Quotation mark icon
Senator Warren is a hero, make no mistake about it. We need you to stand with her.
Dec 12th, 2014
Someone from Edison, NJ signed.
Dec 12th, 2014
Someone from New York, NY signed.
Dec 12th, 2014
Someone from Hagerstown, MD writes:
Quotation mark icon
Just say no to 630. We all have so much to lose
Dec 12th, 2014
Someone from Bedford, MA writes:
Quotation mark icon
Deregulation and risky derivatives trading are what helped to cause the enormous recession that began in 2007. Are we really going to walk that road again?
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Concord, MA signed.
Dec 12th, 2014
Someone from Jersey City, NJ writes:
Quotation mark icon
I feel that if this is allowed to be included and passed in the spending bill it will be an injustice to the American people who have already had to suffer for the risk taking that has been practiced in the banking industry.
Dec 12th, 2014
Someone from Tontitown, AR signed.
Dec 12th, 2014
Someone from Bedford, MA writes:
Quotation mark icon
Dodd-Frank was a watered down compromise to begin with and to weaken it is not only unconscionable but dangerous for our economy.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Fairview, SD writes:
Quotation mark icon
We will remember. This is insanity , not smart, political suicide , the word is spreading.
Dec 12th, 2014
Someone from Bedford, MA signed.
Dec 12th, 2014
Someone from Ojai, CA signed.
Dec 12th, 2014
Someone from Cincinnati, OH signed.
Dec 12th, 2014
Someone from Ocean City, NJ writes:
Quotation mark icon
Hard lessons are already being forgotten.
Dec 12th, 2014
Someone from Brooklyn, NY writes:
Quotation mark icon
The bankers have made a tremendous mess of the economy and this deregulation will make them do more damage.
Dec 12th, 2014
Someone from Columbia, MD writes:
Quotation mark icon
Leave Dodd-Frank alone.....and then come back and reinstate Glass-Steigle.
Dec 12th, 2014
Someone from Cincinnati, OH signed.
Dec 12th, 2014
Someone from Colonia, NJ signed.
Dec 12th, 2014
Someone from Albuquerque, NM signed.
Dec 12th, 2014
Someone from Austin, TX signed.
Dec 12th, 2014
Someone from Brooklyn, NY signed.
Dec 12th, 2014
Someone from Deep River, CT signed.
Dec 12th, 2014
Someone from Gig Harbor, WA signed.
Dec 12th, 2014
Someone from New York, NY writes:
Quotation mark icon
If Obama should ever grow a spine, here is what he can do the next time Congressional Republicans threaten a shutdown: http://www.opednews.com/articles/Debt-No-More-How-Obama-ca-by-Scott-Baker-Banks_Constitution-In-Crisis_Constitution-The_Constitutional-Amendments-131018-391.html