Our Blog

Clear All Filters

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.

May 11, 2020

Miranda Litwak

Blog Post

2020 Election/TransitionCampaign FinanceLarry SummersTech

Biden's Ties to Immigration Enforcement Run Through BigTech

As we creep closer to November’s election, Democratic politicians–progressives and moderates alike–have largely fallen in line behind presumptive Democratic nominee Joe Biden. Even so, Biden must earn the vote of many progressive voters who are wary of his pro-corporate leanings. While Biden showed promise by teaming up with Sanders’ campaign on policy, there is still cause for grave concern. Just last week, the public learned that Larry Summers was advising the Biden campaign. Last month Biden’s donors put out a list of ideal candidates for senior-level administration positions, which included Wall Street big wigs such as BlackRock CEO Laurence Fink, Blackstone executive Tony James, and investment banker Mark Gallogly. Biden’s wealthy donors must be monitored in order to prevent corporate interests from capturing his transition-planning effort.

May 11, 2020

Eleanor Eagan

Blog Post

2020 Election/Transition

Presidential Power Map Provides Road Map to Potential 2020 Transition

The Revolving Door Project’s “Presidential Power Map” provides an easy-to-understand snapshot of 2020 Democratic presidential primary candidates’ support by sector. By breaking down high-dollar support in this way, this tool encourages users to draw direct lines between big money fundraising and a president’s choices regarding personnel and executive power. Using the “Presidential Power Map,” members of the Revolving Door Project’s team have begun to tease out these connections and to consider what they might mean for the composition and priorities of a future administration.

May 11, 2020

Mariama Eversley

Blog Post

2020 Election/TransitionPrivate Equity

Will Biden Rein in Private Equity’s Hold on Healthcare?

Private equity firms play an increasingly central role in financing the healthcare industry. These firm’s investments in healthcare include everything from hospitals to ambulance transport companies to specialized medical services. The industry’s encroachment into healthcare is increasing costs, especially in circumstances where patients have few choices and are in need of immediate medical attention.

May 11, 2020

Mariama Eversley

Blog Post

2020 Election/TransitionPrivate Equity

Private Equity is Making COVID-19 in Nursing Homes Even Worse. A President Biden Could do Something About it.

Private equity (PE) owned nursing homes have a bad reputation. The industry’s, by now infamous, cost-cutting strategies have been shown to lead to measurable declines in patients’ health, safety, and wellbeing when undertaken in the nursing home context. The Carlyle Group’s acquisition of HCR ManorCare in 2011, for example, left patients with “overdoses, bedsores, [and] broken bones” before driving the company into financial ruin.

May 11, 2020

Andrea Beaty Miranda Litwak

Report

Anti-MonopolyCoronavirusForeign Policy

International Antitrust Response to Coronavirus

The Pandemic Anti-Monopoly Act would preemptively stop harmful mergers that not only affect American consumers, but economies all over the world that rely on the same global supply chains. Undoubtedly, companies looking to acquire struggling businesses during the pandemic will try to take advantage of the “failing firm” argument to justify acquisitions. But what actions have lawmakers and antitrust enforcement officials in other countries undertaken to prevent predatory mergers while businesses struggle?

May 11, 2020

Eleanor Eagan

Blog Post

2020 Election/TransitionCampaign Finance

Biden's No Trumpian Real Estate Tycoon, But Still Receives Heavy Real Estate Backing

With real estate tycoon Donald Trump in the White House, the average American is likely more aware than ever of the many ways the federal government helps to subsidize real estate profits. As the average person increasingly struggles to pay rising housing costs with stagnating wages, real estate giants make out like bandits with the help of tax loopholes and direct subsidies. Already a matter of pressing national concern, this stark disparity is only likely to become more salient in the coming months as the pandemic sheds light on the risks of our housing system’s precarity and undermines many people’s fragile grip on housing stability.

May 11, 2020

Timi Iwayemi

Blog Post

2020 Election/TransitionCampaign FinanceForeign Policy

Diplomacy by Donors

On December 18, 2019, the United States House of Representatives impeached President Donald Trump for withholding military aid from Ukraine as a means to pressure Vladimir Zelensky to investigate Democratic presidential candidate, Joe Biden. One of the key figures in this scandal was Gordon Sondland, then ambassador to the European Union. Sondland had limited diplomatic experience before his appointment, but he had the privilege of donating $1 million to President Trump’s inaugural committee.

May 07, 2020

Miranda Litwak

Blog Post

Anti-MonopolyCoronavirus

Why is Congress Ignoring EIDLs?

Over the past several weeks, the SBA has been criticized for its administration and oversight of its Paycheck Protection Program (PPP), which offers forgivable loans designed to be spent on payroll expenses. But little attention has been paid to the SBA’s second COVID-response loan effort: the Economic Injury Disaster Loan (EIDL) program. EIDLs provide small businesses affected by disasters with emergency loans. Over the past few decades, the SBA has provided EIDLs after major disasters such as Hurricane Katrina and 9/11.

May 06, 2020

Jeff Hauser

Press Release

Anti-MonopolyBigLawFTCRevolving Door

RDP Bemoans Big Pharma Merger Facilitated by Revolving Door BigLaw Lawyers

Revolving Door Project Executive Director Jeff Hauser said, “This anti-competitive merger further entrenches Big Pharma at the expense of all Americans. Big Pharma’s playbook here is no less dangerous for having become rote: They hire well-connected revolving door FTC alumni to secure approval for mergers that undermine the public interest. To restore the public interest at the FTC, we will need to end the FTC-to-BigLaw pipeline that has helped bring about an economy that works well for rich investors rather than American consumers or workers.”