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June 04, 2020

Eleanor Eagan

Blog Post

Financial RegulationRevolving Door

A Brief Introduction to Your New Comptroller of the Currency

Last month, Comptroller of the Currency Joseph Otting, announced that he would be stepping down from his post effective May 29. The former First Deputy Comptroller of the Currency, Brian Brooks, has taken his place in an acting capacity. Although he is now one of the country’s top banking regulators, Brooks – who only joined the Office of the Comptroller of the Currency (OCC) – remains a relatively unknown figure. Here is what we know (and more troublingly, what we don’t know) about the new acting Comptroller.

June 04, 2020

Andrea Beaty

Blog Post

Anti-MonopolyBigLawFTC

Another BigLaw Alum Ascends at the FTC

In late May, the Federal Trade Commission promoted Patty McDermott to Deputy Assistant Director of the Anticompetitive Practices (ACP) division. The ACP division’s work “involves not only stopping illegal conduct but also shaping the law,” making McDermott’s new position one of interest to corporations overseen by the FTC, beyond run-of-the-mill enforcement.

June 02, 2020

Eleanor Eagan

Blog Post

Independent Agencies

May 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly, Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

May 27, 2020

Erica Jung

Blog Post

2020 Election/TransitionCampaign FinanceForeign Policy

What Might a Biden Administration’s Policy Towards India Look Like?

Former Vice President and current Democratic presidential nominee Joe Biden has often boasted of his considerable foreign policy experience, having served on the Senate Foreign Relations Committee and played an active role in the Obama administration’s foreign policy making. Throughout the 2020 primary, however, Biden’s foreign policy agenda rarely featured. A closer look reveals significant cause for concern. While Biden seeks to show that his foreign policy platform would be more progressive than that of Trump’s, his record has weak spots when it comes to far-right Indian nationalism.

May 20, 2020

Eleanor Eagan Jeff Hauser

Blog Post

Congressional OversightEthics in GovernmentRevolving Door

The Revolving Door Project Responds to Coronavirus

In the space of just a few weeks, the coronavirus outbreak has called into question almost every aspect of the political consensus of the last few decades. As it turns out, selling government for parts (aka “privatizing” or “reinventing” government), rolling back regulations, starving governing bodies of resources, and holding those who attempt to serve the public good in contempt, has left us exceedingly vulnerable.

May 20, 2020 | Talking Points Memo Cafe

Miranda Litwak

Op-Ed

Anti-Monopoly

We Can’t Let Him Get Away With It: Trump Chose Wall Street Over Main Street

In an advertisement released earlier this month, the Lincoln Project, an anti-Trump PAC, claimed that the Trump administration bailed out big banks via its coronavirus stimulus legislation (the CARES Act), leaving Main Street to suffer the effects of the pandemic. “Trump bailed out Wall Street, not Main Street,” a grim voice-over tells the viewer. President Donald Trump quickly took to Twitter hurling insults at the leaders of the PAC. Soon after, Politifact reported the advertisement’s claim was false, and Facebook subsequently labeled the advertisement “partially false.” But the Lincoln Project’s statement is true by any measure: The Trump administration played a central role in crafting the CARES Act, a piece of legislation that has bailed out Wall Street and not Main Street. The designers of the CARES Act must be held responsible for their actions.

May 14, 2020

Andrea Beaty

Blog Post

Anti-Monopoly

Bezos Conveniently Ignores Congress’s Call to the Hot Seat

In late April, Amazon caught heat from members of the House Judiciary Committee for seemingly lying about the company’s use of data on third party vendors selling in Amazon’s marketplace. Contradicting Amazon in-house counsel (and former DOJ Antitrust official) Nate Sutton’s sworn testimony on the subject in July of 2019, the Wall Street Journal broke the story on April 23rd that Amazon is using proprietary information generated for third-party sellers on the platform to develop its house-brand products.