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February 04, 2021 | American Prospect

Dorothy Slater Max Moran Timi Iwayemi

Op-Ed 2020 Election/TransitionClimate and EnvironmentDepartment of JusticeFinancial RegulationFintech

Even After The Cabinet Selections, Personnel Is Policy

As grinding as the cabinet fights have been, they’re only the first wave of the Biden administration’s personnel. Now comes a new stage of the transition, in which the newly-named secretaries choose their own undersecretaries and senior advisers. Although occupants of these positions typically operate outside the national spotlight, they still wield enormous power.

February 04, 2021

Sion Bell Miranda Litwak

Blog Post 2020 Election/TransitionFinancial Regulation

Biden's Newest Treasury Tax Appointees Delight and Disappoint

Some mixed news for progressive tax enthusiasts: Joe Biden’s administration has chosen both a committed progressive tax advocate and a Republican career expert in corporate tax avoidance for its first two appointees to the Treasury’s Office of Tax Policy. We’re now in a strange situation where experts who testified on opposite sides of the 2017 Tax Cuts and Jobs Act will now serve shoulder-to-shoulder.

February 03, 2021

Elias Alsbergas Miranda Litwak

Blog Post 2020 Election/Transition

The Revolving Door’s Power Couple: Heidi Crebo-Rediker And Doug Rediker

Heidi Crebo-Rediker has been publicly floated as a potential pick to serve as a high-level Treasury Department official. DC’s self-dealing politico culture means her husband, Doug Rediker, is also in the mix for a Biden administration job. This news is deeply concerning, given the couple’s shared history cashing in on their insider government ties as the founders of geopolitical investment advisory firm, International Capital Strategies. Heidi and Doug’s history of revolving between Wall Street and government should give any neutral observer pause.

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/TransitionClimate and EnvironmentFinancial 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.