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July 22, 2019 | The American Prospect
The SEC Remains a Secondary Concern to Chuck Schumer
Already furious that Democrats aren’t standing up for themselves and the people who depend on them? Then … this article isn’t for you. Because we’re going to tell you about a seemingly inside baseball—but in fact quite consequential—way in which Senate Minority Leader Chuck Schumer continues to be out-hustled by both Donald Trump and Senate Majority Leader Mitch McConnell.
July 22, 2019
Revolving Door Project Requests Info On Big Tech Regulators
Max Moran
The Revolving Door Project’s mission is to scrutinize the nexus of corporate power and the executive branch. In the United States, two agencies within the executive branch have the power to seek to break up a company: The Federal Trade Commission (FTC), and the Department of Justice’s (DOJ) Antitrust Division. That is why it is important that we research any entanglements undermining the FTC and DOJ Antitrust’s commitment to serving the public interest.
July 02, 2019
June 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.
June 26, 2019
How Well Do Leading 2020 Candidates Understand the Executive Branch?
Eleanor Eagan
It is one of the many peculiarities of American politics that legislative laundry lists dominate presidential campaigns even though presidents have little power to get these promises enacted. That is not to say that these aspirational assertions do not matter. As a statement of values, they can mobilize support. But while legislation is subject to the considerable influence of, well, the legislature,how a candidate intends to do the job for which they are running (i.e. managing the executive branch) is something for which they can be held directly accountable. And yet candidates tend to be much less forthcoming with their vision for actually running the federal government. That silence reduces presidential accountability to the public for how they wield the powers of the executive.
June 25, 2019 | The American Prospect
Do Pete Buttigieg’s Donors Know Him Better Than We Do?
In a field of 24 candidates, Democratic presidential hopefuls must attempt to stand out from the crowd, and Pete Buttigieg is no different. He foregrounds his personal story, relative youth, and roots in the country’s geographic center to pitch voters on a generational departure. “Such a moment calls for hopeful and audacious voices from communities like ours,” Buttigieg said in his announcement speech. “And yes, it calls for a new generation of leadership.”
June 11, 2019
Oversight Targets Abound in Betsy Devos' Education Department
Eleanor Eagan
Since last fall, the Revolving Door Project has been working to ensure that House Democrats use their newfound majority to perform long overdue oversight that targets the intersection between outsized corporate influence and Trump-era corruption. We have argued that across the breadth of every issue area imaginable, such oversight not only represents good policy but also good politics. In a moment of deep skepticism about the integrity of elites and institutions across the globe, fighting against corruption could not be more timely. Despite our pleas, few Democrats have embraced this manner of populist oversight. This timidity is disheartening in all cases, but in certain areas, like Betsy Devos’ Education Department, it appears particularly egregious.
June 03, 2019
May 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.
May 29, 2019 | The American Prospect
Commissioner’s Exit Would Leave the SEC Without a Democrat
Securities and Exchange Commissioner Robert Jackson might be leaving office in the coming months—well before he would be required to by law. The public was first made aware of this possibility when his name showed up on a list of people who would be teaching courses at NYU Law School this fall. Remarkably, Jackson has not issued a statement clarifying the situation and making it known if or when he plans to depart—and whether he might leave the SEC with just one, or even zero, Democratic commissioners.
May 24, 2019 | BuzzFeed News
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
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
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
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
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
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
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.