March 16, 2021
Revolver Spotlight: Einer Elhauge
Reports that Harvard Law Professor Einer Elhauge is being considered for a role in the Biden Administration should be treated with extreme caution due to his history of ties to Big Tech and work for the Republican Florida legislature in 2000. Although we at RDP applaud Elhauge’s recent pivot to support strengthening antitrust laws, we urge the Biden Administration to hold appointees to the highest possible standard. In particular, helping promulgate the absurd theory in 2000 that state legislatures can overrule elections conducted under laws they have passed should be disqualifying for any individual attempting to serve in the Biden Administration.
March 15, 2021 | Independent Media Institute
From Vivek Murthy’s lucrative consulting work with Netflix and Carnival Cruise Lines to Brian Deese’s “greenwashing” of fossil fuel investments at BlackRock, the revolving door between corporate industry and government continues to undermine public trust in the Biden Administration, writes our Elias Alsbergas.
March 11, 2021
Long before Trump and his cronies took a sledgehammer to the Justice Department, blatant conflicts of interest and endless trips through the revolving door were already eroding its foundation and threatening its structural integrity. Yet, despite an appeal from 37 progressive and good government groups, including ours, Garland has signaled that he will not target that longer-running source of distrust at the root by shutting out BigLaw attorneys from the Justice Department.
March 10, 2021
On President Biden’s first day in office, he made clear that, after the Trump administration’s fantastically corrupt reign, restoring trust in the federal government’s senior leadership would be a priority. His executive order on ethics, signed within hours of his inauguration, went further than any other towards slowing the revolving door and limiting conflicts of interest while in office. Subsequent appointments make clear, however, that these elevated standards are still not enough. Simply following the letter of the order will leave significant room for conflicts of interest to poison the administration’s actions and public trust.
March 10, 2021 | The American Prospect
Lael Brainard and Janet Yellen have been talking the talk about climate risk, but not translating that into meaningful action. Our Dorothy Slater takes a closer look at what strong climate action from financial regulators would look like.
March 09, 2021
Letter To Biden Chief of Staff Ron Klain Regarding Amazon And Google Influence Over Antitrust Appointments
It is precisely Amazon’s monopolistic power which gives us concern. Such a powerful corporation will no doubt expend enormous political and economic capital to limit the power of anti-monopoly forces and their ability to curb its power.
March 08, 2021
John Kerry, President Biden’s international “Climate Envoy”, appears to want bold climate change policy. Kerry was a leader in developing the framework for the first UN climate talks in 1992, co-authored cap-and-trade legislation back in 2009 when it could have possibly been useful, and was a major driver of the 2015 Paris Agreement.
March 05, 2021
If confirmed as Deputy Attorney General, Lisa Monaco will be the second most powerful legal officer in the executive branch. But her financial disclosures raise profound concerns about who Monaco will truly be serving while in office.
March 05, 2021
It has been over a month since President Joe Biden assumed the presidency. So far, thirteen of his Cabinet picks have received Senate confirmation, while the remaining ten 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 a few exceptions, 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.
March 05, 2021 | The American Prospect
De-Trumpifying all levels of the Department of Justice (DOJ) remains a critical factor in Joe Biden’s success. He needs an energized and progressive pool of U.S. attorneys committed to criminal justice reform, prosecuting white-collar crime, and protecting the environment to do that.
March 03, 2021
It’s been over a month since Biden took office and four months since he and his transition team began choosing appointees in earnest. That makes it an apt time for a tentative assessment. In a new release with Demand Progress, we gave him a B-, with wide variation across issue areas.
March 02, 2021
Wall Street executives are digging in their heels against the prospect of divesting from fossil fuel investments. At a February event, they peddled the extremely dangerous and false theory that modern society can “rely on the power of markets” to decarbonize our climate-destroying economy.
March 01, 2021
As the United States approaches a full year of COVID-19-induced lockdowns, the Revolving Door Project and the Center for Economic and Policy Research called on the White House’s COVID-19 task force director Jeffrey Zients to demand that Pfizer, Moderna, and other American pharmaceutical firms open-source their COVID-19 vaccines.
February 26, 2021
Almost every homeowner and most of the American mortgage-backed securities financial system is subject to the Federal Housing Finance Agency’s (FHFA) regulation. It oversees and guarantees the vast majority of mortgages bought and sold in the United States. The FHFA does this through quasi-public agencies, Fannie Mae and Freddie Mac, which buy mortgages from local banks that they bundle, chop up, and sell to investors. This arrangement ideally allows local banks to provide more and cheaper loans to potential homeowners by letting them sell their mortgage liabilities to the government, and gives investors access to relatively stable investment returns.
February 24, 2021
At his confirmation hearings this week, Merrick Garland made admirable commitments to reinvigorate a beleaguered Justice Department and redirect its energies towards domestic terrorism, civil rights, and antitrust enforcement. His ability to deliver on those promises and more will depend on his resolve to break with tired norms where necessary and populate the Department’s highest ranks with unabashed champions for the public interest, not corporate apologists.