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

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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 11th, 2014
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Dec 11th, 2014
Someone from Washington, DC writes:
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Why should I pay for this?
Dec 11th, 2014
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Dec 11th, 2014
Someone from Chapel Hill, NC writes:
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I also oppose the cuts to pensions and funding for the IRS in this budget. In addition, we already have too much money in our political campaigns so I oppose the provision raising campaign contributions as well. If the Republicans want to shut down the government over this terrible bill then let them. Our economy and democracy are at risk with this terrible budget. Vote no until these provisions are removed. Thank you. Signed, A voter.
Dec 11th, 2014
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Dec 11th, 2014
Someone from Newtown, CT writes:
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You would think - you WOULD think - that rational people WOULD have learned. This just further inflames the distrust that Americans have with Congress. I'm hoping YOU can help change that.
Dec 11th, 2014
Someone from New Brunswick, NJ writes:
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A disgrace ,after the recent economic disaster
Dec 11th, 2014
Someone from Saint Petersburg, FL writes:
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It's the same game plan. Pass a law to protect taxpayers, then in months go back and sneak it in a bill to counteract the protection. There is always money to protect the bankers but none when it comes to entitlement programs whic were passed decades ago and collected taxes for decades to support them.
Dec 11th, 2014
Someone from Pittsburgh, PA writes:
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This is exactly what we'd all voted to curtail in 2008. What a joke the current administration is! Basically the rush to kleptocracy is bipartisan & we all know it. If Reagan destroyed the working class. Bush/Obama took out the middle class.
Dec 11th, 2014
Someone from Mckinney, TX writes:
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Unbelievable how soon the forget what we the people did to bail out so many of them.
Dec 11th, 2014
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Dec 11th, 2014
Someone from Johnstown, PA writes:
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Why are congressmen and women even thinking about this idea? It is such an obvious gift to big-bank lobbyists, and contains no benefit at all to the average voter. If this bill passes, the people's opinion of congress will go even lower, if that is possible. Dodd- Frank was weak enough, let's not weaken it further.
Dec 11th, 2014
Someone from New York, NY signed.
Dec 11th, 2014
Someone from Fremont, CA writes:
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STOP SELLING OUT our democracy! STOP - NO MORE BANKER WARS. STOP - NO MORE STEALING FROM OUR PEOPLE. STAND UP - look in the mirror at what you have created - you can un-do this... just STOP for the sake of us all.
Dec 11th, 2014
Someone from Wellesley, MA writes:
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Keep the reforms. We're watching.
Dec 11th, 2014
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