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 Corona, CA signed.
Dec 12th, 2014
Someone from Santa Maria, CA signed.
Dec 12th, 2014
Someone from San Francisco, CA signed.
Dec 12th, 2014
Someone from Bourbon, IN signed.
Dec 12th, 2014
Someone from Perkasie, PA signed.
Dec 12th, 2014
Someone from Allen, TX signed.
Dec 12th, 2014
Someone from San Francisco, CA signed.
Dec 12th, 2014
Someone from North Salem, NY signed.
Dec 12th, 2014
Someone from Fremont, CA signed.
Dec 12th, 2014
Someone from Seattle, WA writes:
Quotation mark icon
Voting for this will ensure YOU LOSE THE NEXT ELECTION!!! Don't do it!
Dec 12th, 2014
Someone from Homosassa, FL signed.
Dec 12th, 2014
Someone from Crossville, TN writes:
Quotation mark icon
we can not let the rich run this country for their own profit
Dec 12th, 2014
Someone from Burlington, WI signed.
Dec 12th, 2014
Someone from San Francisco, CA writes:
Quotation mark icon
Congress - if you pass this, you're undoing what you worked so hard to pass. This derivative thing is terrible.
Dec 12th, 2014
Someone from Bothell, WA signed.
Dec 11th, 2014
Someone from Bonita Springs, FL writes:
Quotation mark icon
We elected republicans to get our country back! Now they are just like dems!
Dec 11th, 2014
Someone from Byers, CO signed.
Dec 11th, 2014
Someone from Sacramento, CA writes:
Quotation mark icon
Derivatives are our undoing.
Dec 11th, 2014
Someone from New York, NY signed.
Dec 11th, 2014
Someone from Minneapolis, MN signed.
Dec 11th, 2014
Someone from Belvedere Tiburon, CA writes:
Quotation mark icon
To let this pass this would be a travesty.
Dec 11th, 2014
Someone from Corvallis, OR signed.
Dec 11th, 2014
Someone from Pomona, CA signed.
Dec 11th, 2014
Someone from Charleston, WV signed.
Dec 11th, 2014
Someone from Thousand Oaks, CA signed.
Dec 11th, 2014
Someone from Lake Bluff, IL signed.
Dec 11th, 2014
Someone from Boulder, CO signed.
Dec 11th, 2014
Someone from New York, NY signed.
Dec 11th, 2014
Someone from Williamsburg, VA signed.
Dec 11th, 2014
Someone from Washington, DC signed.
Dec 11th, 2014
Someone from Sacramento, CA signed.
Dec 11th, 2014
Someone from Sacramento, CA signed.
Dec 11th, 2014
Someone from Knoxville, TN signed.
Dec 11th, 2014
Someone from East Greenwich, RI signed.
Dec 11th, 2014
Someone from Los Angeles, CA signed.
Dec 11th, 2014
Someone from Cambridge, MA signed.
Dec 11th, 2014
Someone from Jefferson, ME signed.
Dec 11th, 2014
Someone from Redwood City, CA signed.
Dec 11th, 2014
Someone from Hyannis, MA writes:
Quotation mark icon
This is traitorous. The only reason this sort of garbage has a prayer of being included is because We the People were never consulted. By the time We figure it out the thieves will be long gone. Just disgusting. Liah
Dec 11th, 2014
Someone from Kirkland, WA signed.