AFR signed on to a letter urging leaders of the House Appropriations Committee to undo irresponsible funding cuts and reject the harmful riders in the Fiscal Year 25 Commerce, Justice, Science, and Related Agencies (FY25 CJS) Appropriations legislation passed by the House Commerce, Justice, and Science (CJS) Subcommittee. The post Letters to Congress: Letter Urging […]

AFR and partners led a letter opposing a set of financial institution bills scheduled for markup tomorrow, May 17th in the House. Title I of the first bill (H.R. 8337) is particularly egregious and would result in ~100 banking organizations being removed from CFPB oversight, among other negative consequences for Qualified mortgage requirements, the Durbin […]

Americans for Financial Reform (AFR) wrote a letter to the House Financial Services Committee expressing our strong opposition to legislation that the House Financial Services Committee (HFSC) is scheduled to consider this week that would amend the federal securities laws in ways that could be profoundly damaging to American workers and “mom and pop” investors. […]

Americans for Financial Reform (AFR) and partners led a letter the House Financial Services Committee (HFSC) to express our opposition to a legislation package that the committee is scheduled to markup this week. The collection of bills would erode consumer protections, enable predatory lenders, and hamstring the Consumer Financial Protection Bureau’s ability to fulfill its […]

AFR and partners submitted a letter to the committee urging members to vote down a series of bills and resolutions that would roll back agency rules, guidance, and authorities to address climate-related financial risk. The post Letters to Congress: Letter in Opposition to H.R. 5535, the “Insurance Data Protection Act” and the Congressional Review Act’s […]

AFREF and allies led a letter to oppose H.J.Res.120, a bill to obstruct Financial Stability Oversight Council from carrying out its systemic risk oversight responsibilities based on its systemic risk authority mandated by Dodd Frank. The FSOC’s designation authority is essential for its ability to assess systemic risk, and where necessary, establish oversight of firms […]

Ranking Member Waters announced today the passage of two key bills in response to the Silicon Valley Bank and other bank failures in 2023. These Democratic-led, bipartisan bills, passed during yesterday’s full committee markup, are “aimed at safeguarding consumers and taking steps to prevent additional bank failures following the collapse of Silicon Valley Bank, First […]

AFREF led a sign-on letter in opposition to H.R. 2799, the Expanding Access to Capital Act of 2024, along with the 10 undersigned organizations. Fundamentally, H.R. 2799 weakens regulation of both the public markets and the private markets, making it a bad deal for investors of all types, and a boon to issuers interested in […]

Americans for Financial Reform today wrote to the House Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions urging members to rely on existing authority by the Securities and Exchange Commission (SEC) in order to gain more transparency into the $5 trillion private markets (“exempt offerings” under SEC Rule 144A and […]