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February 11, 2021 | The American Prospect

Eleanor Eagan

Op-Ed

Financial RegulationIndependent Agencies

The Trump Holdovers Biden Still Needs to Fire

Throughout several decades in the Senate, Joe Biden earned a reputation as an institutionalist. Extraordinary circumstances, however, are pushing the new president to cast aside many of his beloved norms when they fail to account for these exceptional times. In just a few short weeks, Biden has removed officials whose predecessors had never before been fired. And faced with predictable Republican obstruction on his signature pandemic response bill, he’s eschewed endless waiting for compromise in favor of budget reconciliation.

February 11, 2021

Max Moran Timi Iwayemi

Report

2020 Election/TransitionFintech

The Industry Agenda: Fintech

Since fintech apps provide a wide range of financial services, there are many potential harms to leaving the industry largely under-regulated — especially since many fintech and cryptocurrency firms design their products to narrowly evade existing laws that define certain types of financial products, and thus, the regulations to which they are subject.

February 10, 2021

Brett Heinz

Press Release

2020 Election/Transition

New Report Finds "Serious Conflicts Of Interest" At Top National Security Think Tank Sought Out By Biden Administration

“CNAS is far from alone among Washington think tanks in engaging in questionable ethical behavior of this variety, and all such behavior is worthy of attention. But the scale and scope of conflicts of interest that appear in CNAS’s work and the influence that its donors may be exerting on policy further highlights serious concerns about political corruption,” report coauthor Brett Heinz said.

February 08, 2021

Press Release

Government Capacity

Impeachment Just the Start: Lawmakers Must Reverse Trump's Damage to the Civil Service

This week, the Senate begins its historic second impeachment trial of former President Donald Trump centered on his attempt to overthrow the 2020 presidential election results by inciting an insurrection on the US Capitol that ultimately resulted in five deaths. Yet, rather than a singularly heinous act unmoored from the rest of his presidency, Trump’s attempted coup was the culmination of years of attacks on the federal government. Today, the Revolving Door Project released a memo, “Existential Threat to the Civil Service: Politicization Under Trump,” which charts Trump’s long war on the people and agencies that constitute the backbone of our country.

February 05, 2021

Eleanor Eagan

Blog Post

Independent Agencies

The State of Independent Agency Nominations - Update for February 2021

It has been just over two weeks since President Joe Biden assumed the presidency. So far, six of his Cabinet picks have received Senate confirmation while the remaining 17 who will require it wend their way through the process. In the meantime, the administration continues to announce names for the nearly 4000 other positions it will need to fill. With only one exception, however, picks for one class of appointment — to independent agency boards — have not yet been forthcoming. The Biden administration undoubtedly faces many competing priorities but these nominations must rise to the top.

February 04, 2021 | American Prospect

Dorothy Slater Max Moran Timi Iwayemi

Op-Ed

2020 Election/TransitionClimateDepartment of JusticeFinancial RegulationFintech

Even After The Cabinet Selections, Personnel Is Policy

As grinding as the cabinet fights have been, they’re only the first wave of the Biden administration’s personnel. Now comes a new stage of the transition, in which the newly-named secretaries choose their own undersecretaries and senior advisers. Although occupants of these positions typically operate outside the national spotlight, they still wield enormous power.

February 04, 2021

Sion Bell Miranda Litwak

Blog Post

2020Financial Regulation

Biden's Newest Treasury Tax Appointees Delight and Disappoint

Some mixed news for progressive tax enthusiasts: Joe Biden’s administration has chosen both a committed progressive tax advocate and a Republican career expert in corporate tax avoidance for its first two appointees to the Treasury’s Office of Tax Policy. We’re now in a strange situation where experts who testified on opposite sides of the 2017 Tax Cuts and Jobs Act will now serve shoulder-to-shoulder.

February 03, 2021

Elias Alsbergas Miranda Litwak

Blog Post

2020 Election/Transition

The Revolving Door’s Power Couple: Heidi Crebo-Rediker And Doug Rediker

Heidi Crebo-Rediker has been publicly floated as a potential pick to serve as a high-level Treasury Department official. DC’s self-dealing politico culture means her husband, Doug Rediker, is also in the mix for a Biden administration job. This news is deeply concerning, given the couple’s shared history cashing in on their insider government ties as the founders of geopolitical investment advisory firm, International Capital Strategies. Heidi and Doug’s history of revolving between Wall Street and government should give any neutral observer pause.