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April 28, 2020

Eleanor Eagan Jeff Hauser

Blog Post

Congressional Oversight

In Interview, Donna Shalala Does Nothing to Alleviate Progressives' Concerns

Nancy Pelosi shocked onlookers earlier this month when she named freshman Representative Donna Shalala (D-FL) to the CARES Act oversight panel. Shalala had not expressed interest in the position publicly, nor does she possess specialized expertise in financial policy, congressional oversight, or law enforcement. Pelosi’s choice discouraged those holding out hope that a spirited set of appointees could somewhat overcome the panel’s structural disadvantages.

April 15, 2020

Eleanor Eagan

Blog Post

ClimateFinancial RegulationIndependent Agencies

Freshman Legislators Advance a Courageous Plan to Address Economic Fragility

This crisis has shattered any illusions that our post-financial crisis framework is resilient enough to withstand the challenges of the future. Coronavirus has, in particular, uncovered one of our most fundamental, persistent weaknesses: our continued inability to anticipate and prepare for new financial risks. For this ill-preparedness, we have powerful actors like BlackRock, the asset management giant and political titan, to thank. In an effort to avoid more stringent regulation, BlackRock and others not only evaded scrutiny for their own contributions to systemic risk, but virtually destroyed the mechanisms designed to examine such risk across the wider economy.

April 09, 2020 | The American Prospect

Eleanor Eagan

Op-Ed

Congressional Oversight

Congress Must Have Skipped the First Three Seasons of Trump Reality Show

The coronavirus pandemic created an imperative for action that even Mitch McConnell could not ignore. In the space of just a few weeks, Congress passed three major pieces of legislation, including the largest fiscal package in this country’s history. Now, however, lawmakers have hunkered down in the safety of their in-district homes, while the Trump administration sets about administering newly appropriated funds with little challenge. It is doing a predictably poor job.

April 07, 2020

Eleanor Eagan

Blog Post

Independent Agencies

March 2020 Update on the State of Independent Federal Agencies

The federal government’s 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 24, 2020

Eleanor Eagan

Blog Post

Ethics in GovernmentIndependent Agencies

SEC Must Build Public Trust in Government by Policing Federal Officials’ Crisis Profiteering

Amidst an economy-crashing pandemic, several Senators appear to be more concerned with their stock portfolios than with the well-being of their constituents or with their Senatorial responsibility to offer a solution. Sadly, this will almost certainly not be the only instance of crisis profiteering during the coronavirus outbreak.

March 13, 2020 | The Daily Beast

Eleanor Eagan Jeff Hauser

Op-Ed

Congressional Oversight

Trump is Screwing Up His Response to the Coronavirus. House Democrats are Screwing Up their Response to Trump.

Trump’s coronavirus speech proves, once and for all, that the emperor is never going to put on clothes. We have a government without anyone meaningfully in charge of anything other than making Trump and his cronies rich. Banning flights from Europe (and excluding the United Kingdom, where the health minister(!) has tested positive for the novel coronavirus and is self-isolating) indicates Trump’s xenophobia is now guided by throwing darts.

March 06, 2020

Eleanor Eagan

Blog Post

Independent Agencies

February 2020 Update on the State of Independent Federal Agencies

As we have previously highlighted, the federal government’s 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 06, 2020 | Talking Points Memo

Eleanor Eagan

Op-Ed

2020 Election/TransitionCongressional Oversight

Congressional Democrats Exhibit Symptoms Of A Spinelessness Pandemic

Public health officials agree: coronavirus’ spread is no longer a matter of if but when. The only question now is, how bad is it going to get? The answer will rest on the efficacy of the government’s response, its ability to get resources where they need to be, keep the public informed and react quickly to new developments. The bad news? We have a president whose team is uniquely ill-suited to lead this process. The good news, however, is the government is larger than the executive.

February 27, 2020 | The American Prospect

Andrea Beaty Eleanor Eagan Max Moran

Op-Ed

2020 Election/TransitionRevolving Door

The Trump Administration’s Contemptuous, Pro-Corporate Response to Coronavirus

The COVID-19 coronavirus is nearly a global pandemic. The Centers for Disease Control’s latest statement warns Americans “to prepare, in the expectation that this could be bad.” Amid a global crisis like this, the public needs true leadership from the president and his top aides, and a highly competent government deserving of the people’s trust, with the capacity to effectively respond to incoming threats.But this is the Trump administration. So instead, we are being asked to put our faith in inexperienced political cronies, servicing the needs of corporations rather than the public, and contemptuous of science, scientists, and the idea of expertise.

February 19, 2020 | Truthout

Eleanor Eagan

Blog PostOp-Ed

2020 Election/TransitionCampaign Finance

As the Primary Race Heats Up, Candidates Forget Principled Campaign Finance Stands

At this time last year, newly declared Democratic primary candidates were racing to outdo each other with escalating promises to shun big money support. Contenders vowed not to take corporate PAC money, to reject lobbyists’ dollars, to discourage super PACs, and to tell fossil fuel executives, “no, thank you”. Now, however, many seem to be in a wholly different sort of race: to put the most distance between themselves and their prior principled stands.

January 31, 2020

Eleanor Eagan Max Moran

Blog Post

2020 Election/TransitionCampaign FinancePrivate EquityTech

Who Exactly Are Joe Biden and Pete Buttigieg's Bundlers?

Eleanor Eagan | Max Moran

Beginning in the fall, the Revolving Door Project was one of a handful of voices drawing attention to Democratic primary candidates’ failure to release the names of their most important fundraisers. In op-eds, newsletters, and across other forums throughout the fall we repeatedly made the case that this consequential information could not stay hidden.

Why were we so insistent? A candidate’s list of top fundraisers, or bundlers, provides clearer insight than perhaps any other piece of campaign material into how a candidate would actually do the job of being president.

January 27, 2020

Eleanor Eagan

Blog Post

Independent Agencies

Year in Review - What Changed at Independent Agencies in 2019?

Eleanor Eagan
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. 

January 13, 2020

Eleanor Eagan

Letter

Congressional OversightIndependent AgenciesRevolving Door

The Revolving Door Project and Demand Progress Call On Lawmakers to Investigate Revolving Door's Influence on SEC's WeCompany Review

On January 13, the Revolving Door Project and the Demand Progress Education Fund called on the Chairs and Ranking Members of the House Financial Services and Senate Banking Committees to “open an investigation into the Securities and Exchange Commission’s review of WeCompany’s aborted Initial Public Offering (IPO) and the integrity of its investigation into potential securities fraud within that same company.”