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Today, the Revolving Door Project released its SEC Climate Capacity Report examining the detrimental impact of capacity shortfalls on the Securities and Exchange Commission (SEC)’s climate work. This report is the second installment of its Climate Finance Capacity Project. The Climate Finance Capacity Project explores the power and responsibility that each of the Financial Stability Oversight Council’s member agencies has to address the climate crisis and consider how resource limitations threaten to limit their impact. 

McWilliams resigned after spending December publicly insisting that Chopra, Gruenberg, and Hsu were undermining her authority by conducting a legal, notational vote-by-mail on a proposed Request For Information (RFI) about possible updates to bank merger review rules.

Federal Reserve officials’ conduct has cast doubt on the institution’s credibility to provide these answers. It is, therefore, critical that members of the media and of Congress seek independent answers. 

In the fall of 2021, a series of trading scandals rocked the Federal Reserve and cast doubt on every aspect of its ethics program, from disclosure practices and vetting standards to enforcement mechanisms. The message to the public was clear: under chairman Jerome Powell, the Federal Reserve’s sole executive officer and the official to whom the institution’s staff reports, ethical conduct was not a priority. After initially brushing off the seriousness of these revelations, Powell seemingly sought to change that impression by instituting new ethics standards and launching an Inspector General’s investigation.

In theory, nothing prevents Biden from hiring whomever Kanter personally trusts to help execute their shared agenda. So what’s causing the chaos?

One tiny federal agency with 116 full-time employees and a $28.9 million dollar budget is in charge of regulating the global marine economy, which contributes $397 billion to the US GDP annually and accounts for 80 percent of goods shipped worldwide. That’s not just an apples and oranges discrepancy—that’s like an apple versus Apple. The budget for the military’s marching bands is fifteen times greater than the Federal Maritime Commission’s budget; the Marines alone have five times more musicians than the Commission has staff.

The president has the power to reform the wayward Tennessee Valley Authority. It’s a bigger deal than you think.

Biden made big promises to American college students and graduates in his presidential campaign, just to walk them back when he became president.

The Covid-19 threat will not simply go away—especially when addressed with half measures. The administration must use its authority under the Defense Production Act much more wisely and aggressively.

McWilliams and Chopra both make compelling characters, but only one is quite clearly violating the law, and attempting to seize absolute power over a crucial agency with no repercussions.

When the government’s lawyers defend fossil fuel interests, people and the planet pay the price.

Now more than ever, with rumors swirling that Raimondo is considering a bid for the White House in 2024, it is critical to see exactly which corporations and lobbyists Raimondo has met with in recent months.