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May 24, 2019 | BuzzFeed News

Jeff Hauser Eleanor Eagan

Op-Ed

Congressional Oversight

Corruption Needs To Be A Kitchen Table Issue In 2020. Start With Betsy DeVos

With the debate over impeachment raging, everyone from Nancy Pelosi to a wide swath of freshman Democrats is making a distinction between Congress working on oversight of the Trump administration, and Congress focusing on so-called kitchen table issues — things that make a real difference to people’s everyday lives. Don’t let one eat up precious time that could be spent on the other, so the argument goes.

May 16, 2019

Eleanor Eagan Jeff Hauser

Blog Post

Congressional OversightFinancial RegulationRevolving Door

The Oversight Options Available to the House Financial Services Committee

Eleanor Eagan and Jeff Hauser
The financial industry has been the driving force behind some of the most damaging economic trends of our time. In spite of this fact, since the spasm of reform reflected in the Dodd Frank Act, financiers have faced very little scrutiny from lawmakers. Instead of regulating the industry, many governing officials from both parties have chosen to collect campaign checks in exchange for helpful votes. Maxine Waters has rejected this complacency in favor of aggressive oversight. The committee’s failure to oversee the industry for so long, however, has left a significant backlog of issues to examine, in addition to the plethora of new and novel issues emerging under this administration. In an effort to help advocates and members of the public understand the scope of the task that the House Financial Services Committee (HFSC) faces, the Revolving Door Project has compiled a list of problems that deserve the committee’s scrutiny.

May 13, 2019

Eleanor Eagan

Letter

Anti-MonopolyFinancial RegulationIndependent Agencies

Groups Appeal to Federal Reserve Governor Lael Brainard on BB&T-SunTrust Merger

On Thursday, May 2nd, the Revolving Door Project, in conjunction with the Demand Progress Education Fund and Color for Change, submitted a comment to the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System Board of Governors regarding the proposed merger between Branch Banking and Trust Company (BB&T) and SunTrust Bank. This comment raised numerous concerns related to the implications of this merger, the largest since the financial crisis, and the integrity of the process by which it will be approved.

May 06, 2019

Eleanor Eagan Jeff Hauser

Letter

Congressional Oversight

Groups Call for Oversight of BB&T-SunTrust Merger

On Thursday, May 2nd, the Revolving Door Project, in conjunction with the Demand Progress Education Fund and Color for Change, submitted a comment to the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System Board of Governors regarding the proposed merger between Branch Banking and Trust Company (BB&T) and SunTrust Bank. This comment raised numerous concerns related to the implications of this merger, the largest since the financial crisis, and the integrity of the process by which it will be approved. We believe that these concerns warrant an elevated level of scrutiny for this merger.

May 01, 2019

Eleanor Eagan

Blog Post

Independent Agencies

April Update on the State of Independent Federal Agencies

Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders. 

April 25, 2019

Eleanor Eagan

Blog Post

2020 Election/TransitionCongressional Oversight

Bold Calls to #taxtherich, But Not Enough Talk of Enforcement

Eleanor Eagan
Earlier this year, Representative Alexandria Ocasio-Cortez made waves when she used her appearance on 60 Minutes to call for a 70 percent marginal tax rate on incomes over $10 million. The mainstream media establishment was further blown away when polls in the following days showed that this radical proposal was wildly popular. To anyone who had been paying attention, this was hardly a shocking revelation; Americans have long supported raising taxes on the wealthiest Americans. Nonetheless, the renewed focus on proposals to tax the rich opens the door for a long overdue conversation about biases in our tax system and how to change them.

April 24, 2019 | Washington Monthly

Jeff Hauser Eleanor Eagan

Op-Ed

Congressional Oversight

House Democrats Are Failing to Investigate the White House

The Mueller report is a chronicle of corruption. It outlines attempted collusion between Trump’s closest advisors, including his son and campaign chairman, and the Russian government. It shows that Trump routinely lied about his actions and asked those around him to lie on his behalf. It details a president who told his subordinates to end the entire investigation. The report is especially astonishing given that it didn’t even touch on Trump’s many other potential crimes. From his brazen violations of the Emoluments Clause to his decision to steal emergency funds for his border wall, Trump has been a threat to the rule of law since the moment he was inaugurated.

April 04, 2019 | BuzzFeed News

Jeff Hauser Eleanor Eagan

Op-Ed

2020 Election/Transition

Mayor Pete Understands Norwegian. Does He Understand The Presidency?

In a matter of weeks Pete Buttigieg rose from relative obscurity to national prominence. A successful CNN town hall in early March launched him into the 2020 conversation, and an impressive first quarter fundraising haul made clear he is a serious candidate. His youth, charisma, and dizzying ascent have some thinking he’s a top contender to inherit Barack Obama’s mantle.

We worry that Jimmy Carter might be the more apt comparison.

April 01, 2019 | InsideSources 

Jeff Hauser

Op-Ed

2020 Election/TransitionAnti-Monopoly

Warren’s American Plan to Rein in Tech Monopolists

Senator Elizabeth Warren’s technology platform reflects a common sense populist rejoinder to the failed bipartisan antitrust consensus. If big corporations elbow the little guy, there is probably a rational reason for their corporate violence and it probably isn’t to benefit consumers or the broader economy. (Unless, of course, you like having your data stolen and traded like a commodity, believe start-ups should have no aspiration other than to be absorbed by a bigger company, or think small business is un-American and passe.)

March 28, 2019

Eleanor Eagan

Blog Post

Independent Agencies

The Overlooked Executive Branch Scandal of the Trump Era -- Independent Agencies

Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders. 

March 25, 2019

Jeff Hauser

Blog Post

Congressional Oversight

Mueller's End Ratchets Up Pressure on Richard Neal to Request Trump's Taxes

Jeff Hauser
In the coming days, advocates and lawmakers will fight to ensure that the findings of Mueller’s team are made public so that the American people may assess for themselves the results of the Special Counsel’s two-year investigation. Even as this important work unfolds, however, we must also acknowledge the limitations of the Special Counsel’s investigation. That’s why we renew our call from early January for Representative Richard Neal (D-MA) to perform his constitutional obligations and request Trump’s tax returns without any delay.

March 20, 2019

Eleanor Eagan

Blog PostFOIA Request

Financial RegulationRevolving Door

RDP Requests Record of Contracts between BlackRock and Key Federal Agencies

Eleanor Eagan
With just under $6 trillion in assets under management (as of year-end 2018) BlackRock is the largest money manager in the world. Virtually unheard of only a decade ago, it has now grown into one of the most powerful forces in financial markets and politics alike. Central to this ascendance was its risk management software, Aladdin. Aladdin — an acronym for Asset Liability and Debt and Derivative Investment Network — has become the “industry’s dominant platform for keeping track of portfolios.” It counts among its clients approximately 200 financial firms who use the software to manage approximately $18 trillion in assets.

March 14, 2019

Jeff Hauser

Blog Post

Congressional Oversight

Coalition Asks Pelosi: Make Ways & Means Committee Do Its Job

Yesterday a coalition of good government and progressive groups sent a letter to Speaker Pelosi urging her to “to take every available step to ensure that the House Ways and Means Committee fulfills its Constitutional obligation to provide stringent oversight.” You wouldn’t think such a letter would be necessary. Given the broad public outcry at different rules for the rich and everyone else, you would think a Democratic Party seeking to reclaim the mantle of populism would naturally pursue opportunities to discover the “who, what, when, where, why, and how” of tax evasion.

March 13, 2019

Jeff Hauser

Letter

Congressional Oversight

Speaker Pelosi: We Urgently Need Energetic House Ways & Means Committee Oversight

Dear Speaker Pelosi,
We are writing you as organizations who believe that fairness and equity in both the writing and implementation of tax law is of critical importance. Our commitment to fairness is why we urge you to take every available step to ensure that the House Ways and Means Committee fulfills its Constitutional obligation to provide stringent oversight.