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February 01, 2021 | The Intercept

Max Moran Timi Iwayemi

Op-Ed

2020 Election/TransitionFinancial RegulationFintech

Robinhood Is A Perfect Example Of Fintech's Insidious Power

Fintech is neither inherently good nor bad; rather, like any technology, its potential impact on society is closely tied to the policy decisions guiding its use — and the next four years could define how much the fintech industry is able to shape the financial system. Left to their own devices, fintech firms could swindle average people through ill-advised day-trading or high-interest loans, usher new systemic risks into the financial system, and develop traceable, privately owned currencies with the potential to replace cash.

January 29, 2021

Miranda Litwak

Press Release

2020 Election/TransitionGovernment Capacity

Progressives Vehemently Object To Cass Sunstein’s Plans To Return To Government

The American Prospect reported today that Cass Sunstein, the former Administrator of the Office of Information and Regulatory Affairs (OIRA), is telling colleagues he is in line for a job in the Biden Administration. Environmental, labor, consumer advocacy, and progressive economic groups are united in their disdain toward Sunstein for his attacks on common-sense regulation throughout his time in the Obama Administration.

January 27, 2021

Press Release

Government Capacity

Revolving Door Project: Biden Must Use Available Tools to Grow Civil Service Quickly

Last week, Joe Biden assumed the presidency amid multiple, overlapping, short- and long-term crises. The list of priorities for the new administration is long and fights over the relative emphasis placed on each are surely incoming. To sidestep these ugly battles and ensure that his administration rises to meet each of these pressing crises, President Joe Biden must use all available powers to rebuild the federal government’s capacity to act in the public interest. The Revolving Door Project’s latest memo, “Rapid Reinforcements: A Guide to Federal Hiring Authorities,” enumerates the authorities that a Biden administration can and should use to scale up civil service capacity quickly.

January 26, 2021

Dorothy Slater Zena Wolf

Blog Post

2020 Election/TransitionClimateFinancial RegulationIndependent Agencies

Why The Next CFTC Chairperson Must Prioritize Climate Action Over Market Fads

Initially created to regulate futures derivatives on crops that had yet to be harvested, the Commodity Futures Trading Commission (CFTC) holds newfound possibility in the coming decade. It is absolutely crucial that a modern-day CFTC taps into the power it already holds to lead on climate action. Naturally, this necessitates a leader with a proven record of taking on corporate power. Any appointee should be prepared to advocate for the public interest, acknowledge the current reality of climate decay we find ourselves in, and creatively apply tools of the government to take immediate action.

January 22, 2021

Miranda Litwak Andrea Beaty

Blog Post

Anti-MonopolyBigLaw

Right-Wing “Holding Pen” Firm May Snag Antitrust Division If Susan Davies Is Appointed

In a disappointing continuation from the Trump Administration, Politico reported last week that a Kirkland & Ellis lawyer is in contention to help lead the Department of Justice, raising serious concerns among anti-monopoly advocates. According to the article, Susan Davies, a litigation partner at Kirkland, might be the next assistant attorney general for antitrust.

January 22, 2021

Andrea Beaty Miranda Litwak

Blog Post

2020 Election/TransitionAnti-MonopolyTech

Big Tech’s Top Picks to Lead DOJ Antitrust Division

Big Tech has a huge stake in who Biden ultimately staffs his antitrust and tech regulators. These individuals will decide how aggressively to carry out Biden’s promises of reining in the political and market power of these companies. If Big Tech gets its way, Biden will staff his antitrust teams with its attorneys and allies, who have pushed back against calls to break up these monopolies and protected them against regulation and enforcement. But if Biden wants to keep his campaign promises to take on monopolies, he must shut the revolving door between the federal government and Big Tech. That starts by rejecting for top jobs the following Big Tech allies.

January 22, 2021

Miranda Litwak

Newsletter

2020 Election/Transition

RDP PERSONNEL UPDATE - 1/22/20

This newsletter provides regular updates on Biden Administration personnel decisions. While we do not claim to capture the full powers and responsibilities of these positions, we will discuss the top Administration jobs Biden has yet to fill. We also discuss the individuals vying for top jobs who present serious conflicts of interest.

January 22, 2021 | The American Prospect

Eleanor Eagan

Op-Ed

2020 Election/TransitionIndependent Agencies

The Chopra Gambit

On Monday, President Biden announced his intention to name Federal Trade Commissioner Rohit Chopra as the Consumer Financial Protection Bureau’s next director, earning a rare, unqualified cheer from the party’s left flank. Despite serving in the minority on the FTC, Chopra has managed to have a ground-shaking impact, earning a reputation for skillful and creative maneuvering. It is encouraging to see his dogged work for the public interest rewarded and the CFPB land in such capable hands. Just elevating Chopra, however, is not enough. If Democrats are serious about good governance and building their party’s power, they must look to the institutional features that provided Chopra with a platform and honed his governing skills so that, moving forward, he is not such a lonely figure.

January 22, 2021

Zena Wolf

Blog Post

2020 Election/TransitionFinancial Regulation

Potential Comptroller of the Currency Mehrsa Baradaran’s Background

Baradaran seems committed to challenging the status quo of our financial system that sidelines poor and marginalized communities. The OCC has long been part of a banking system that reinforces racial injustice rather than addresses it — and that remained largely true even after Dodd-Frank was passed and implemented by Obama’s regulatory team. Voices like Baradaran’s are valuable in reconsidering financial regulation and helping raise the bar for who is and who is not an adequately zealous regulator.

January 21, 2021

Revolving Door Project

Letter

2020 Election/TransitionEthics in GovernmentForeign Policy

LETTER TO PRESIDENT BIDEN ON FINANCIAL DISCLOSURES

You have committed to rooting out the corruption of the previous Trump administration and have proposed sweeping government ethics proposals, which we commend. But in order to stick to these promises and to assure the American public that your administration will put national security concerns over corporate profits or foreign interests, we urge you to, at the very least, direct your nominees and appointees to clearly describe the specific nature of their past work for the private sector actors, especially those under investigation by or in ongoing contracts with the federal government. Earlier this week, the Senate Foreign Relations Committee, recognizing the significance of these conflicts, requested additional information on nominees’ private sector work. The undersigned groups urge you to complete this request swiftly and ensure all of your appointees disclose the full scope and nature of their private sector work.

January 21, 2021

Miranda Litwak

Press Release

2020 Election/TransitionEthics in GovernmentForeign Policy

Biden Administration Must Go Further in Financial Disclosures to Reveal Possible Conflicts of Interest in Foreign Policy Making, Groups Say in Open Letter

Dozens of foreign policy, faith-based, environmental organizations, and watchdog groups are calling on President Biden to require more thorough screenings for, and disclosures of, possible conflicts of interest among nominees and appointees to the new administration. In a letter sent to the White House today, over 40 groups, including the American Friends Service Committee, Friends of the Earth, Government Accountability Project, Peace Action, Project on Government Oversight, Public Citizen, Win Without War, and the Revolving Door Project say the Personal Financial Disclosures submitted by Biden’s nominees do not include vital information about private sector work and personal investments, posing questions about potential conflicts of interest.