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June 14, 2022
Gordon, Thompson Confirmations Spotlight Urgent Need To Fill HUD Vacancies
Two top Biden housing nominees have been confirmed after months of delays, but five more HUD vacancies still remain unfilled.
June 13, 2022
Almost Half Of U.S. Attorney’s Offices Have No Permanent Nominee. Where’s Biden’s Urgency?
This month President Biden nominated five additional people to helm the 93 districts of the Office of the United States Attorney. These five nominees brought Biden’s total nominations for the office up to just 53 out of 92 nominees for the office, or a little more than half. The vast majority of these nominations have occurred in states with a Democratic Senatorial delegation with many of these seats held hostage by Republicans wielding a racist Senate tradition to arbitrarily obstruct the process and these crucial seats nationwide. Now, nearly a year and a half into Biden’s presidency, the fact that almost half of these positions are still left without a nominee is a glaring indictment of Biden’s failure to prioritize these critically important positions.
June 13, 2022
Toni Aguilar Rosenthal Mekedas Belayneh
Blog Post Food and Drug AdministrationGovernment CapacityIndependent Agencies
The Decades-Long Food Failure at the FDA
In 2008, a deadly salmonella outbreak from contaminated peanut products killed nine and sickened over 700 people. In the aftermath, the peanut executives who poisoned people with food they knew was contaminated received decades-long prison sentences, an all-too-rare case of a corporate criminal being held responsible for the harm they caused. Contemporary public outrage also helped to fuel a push for more structural reform to the food safety regulatory system as a whole. Shortly after the outbreak, the Obama administration began whipping bipartisan congressional support for the Food Safety Modernization Act (FSMA), which sought to prevent future food safety crises by expanding and strengthening the Food and Drug Administration’s (FDA) authority over food. FSMA ultimately passed both the Senate and the House by wide margins and enjoyed broad public support when finally enacted in 2011.
June 08, 2022
RELEASE: Lummis-Gillibrand Crypto Bill Is An Irresponsible Handout To The Crypto Industry
“The industry carve outs in this bill are a reminder of the danger of corporate influence in our political system. The crypto industry’s leading figures have spent enormous amounts to shield the industry from proper financial oversight. This money has been funneled towards revolving-door hiring of former CFTC officials, formation of super PACs, and congressional campaign donations. The industry has also bemoaned the SEC’s robust regulatory posture, decrying it with the self-defeating ostensible insult of ‘regulation by enforcement.’ That supposed criticism merely underlines the urgent need for the SEC to act. Existing law is clear, and it mandates that the SEC enforce existing statutory and regulatory limits that crypto bros have brazenly broken on the assumption that they will be able to buy clemency before they are sanctioned appropriately.”
June 08, 2022 | Revolving Door Project Newsletter
June Gloom for Student Debtors, Plus Biden’s Solar Breakthrough
The tortuous game of will-they-won’t-they cancel student debt continues. Biden’s decision this week to cancel $5.8 billion in debt held by 560,000 former students of the systematically fraudulent, now-defunct Corinthian Colleges seems to signal a willingness (finally!) to wield executive authority on higher ed issues. Meanwhile, a historic coalition of over 500 labor, civil rights and advocacy groups continues to press Biden for sweeping cancellation. The labor movement has been ramping up its calls for student debt cancellation, and more unions, including the Amazon and Starbucks unions and several traditionally blue-collar unions, are joining the fight. This show of force from a broad labor base could help Biden overcome his political reservations, with organized labor actively refuting the Republican talking point that student debt relief is a handout to elite university graduates.
June 06, 2022
RELEASE: Revolving Door Project Applauds Use Of Defense Production Act For Clean Energy Projects
In response to the Biden administration’s announcement that it will activate the Defense Production Act to spur domestic production of crucial clean energy projects including solar panel parts, building insulation, heat pumps, and power grid infrastructure, Revolving Door Project Senior Researcher Dorothy Slater released the following statement:
June 06, 2022 | The American Prospect
Sam Bankman-Fried’s Multimillion-Dollar Game
A leading voice in this push is Sam Bankman-Fried, 30-year-old CEO of crypto trading exchange FTX. Christened by some as a crypto prince and others as Washington’s aspiring kingmaker, Bankman-Fried has in the past year developed an extensive crypto policy agenda that entails revolving-door hiring of former CFTC officials, formation of super PACs, and congressional campaign donations.
June 01, 2022
New Papers Explore Biden’s Climate Options At Justice Department, Economics Agencies
The Climate Corporate Crackdown series explores how the federal government can use existing law to bring corporate polluters and greenhouse gas emitters to heel and shift the American economy off of fossil fuels and toward a more equitable and sustainable future.
June 01, 2022
With Jan. 6 Public Hearings on the Horizon, Garland Must Deliver Actual Accountability
“From Gerald Ford’s pardon of Richard Nixon, to George H.W. Bush’s pardons of the Iran-Contra scandal’s architects, to Eric Holder and Lanny Breuer’s acquiescence to the financial fraudsters who generated the Great Recession, America has seen a precipitous decline in equality under the law.”
June 01, 2022 | Revolving Door Project Newsletter
Biden's War Against Himself
If the unchecked blood letting, billowing inflation, foreign conflict, and typhoon of domestic Covid infection wasn’t enough to set Americans on edge the past week, a persistent high pitched whine–not unlike the kind projected outside 7/11s to deter listless teenage delinquents from Sacramento to Scranton–descended on the nation. It emanated not from a thoughtfully angled speaker system, but out of the oval office and into the pages of the Wall Street Journal and Fox News studios. Nonetheless, It has had a similar effect in driving young people away.
May 30, 2022
Biden’s Main Legislative Accomplishment Is in One Man’s Hands
Mitch Landrieu is overseeing the bipartisan infrastructure law. His record does not inspire confidence in how that might be handled.
May 27, 2022
Means-Tested, Minimalist Student Debt Cancellation Would Please No One
“If this plan is implemented, then by trying to please everyone, Biden will likely please no one.”
May 25, 2022 | Revolving Door Project Newsletter
The Filth Circuit Takes a Wrecking Ball to Precedent
Over the past week Biden invoked the Defense Production Act to require that the ingredients necessary for baby formula go to formula manufacturers first, and initiated Operation Fly Formula, using military planes to fly the equivalent of 1.5 million bottles of hypoallergenic formula across the Atlantic. It’s good to see the White House roused to take action, and to use emergency presidential powers to protect people in need. That’s what emergency powers are for.
May 24, 2022
10 Things Biden Can Do About Inflation Without Congress
ome of the approaches can provide immediate relief, but many of them involve fixing broken incentive systems through increasing competition and corporate oversight. Inflation is not just a flash-in-the-pan issue, it is a consequence baked into our market structure and regulatory regime.
May 24, 2022
The Crypto Reading List
Crypto’s ongoing blitz of advertisements that package speculation and fear of missing out (FOMO) in glittering terms is a danger to consumers all over the world. Below is a list of resources that will help the public see beyond the marketing hype and garner a true understanding of crypto assets and the industry at large.