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February 24, 2021

Press Release

2020 Election/TransitionDepartment of Justice

Revolving Door Project Sees Cause for Concern at Biden's Justice Department

At his confirmation hearings this week, Merrick Garland made admirable commitments to reinvigorate a beleaguered Justice Department and redirect its energies towards domestic terrorism, civil rights, and antitrust enforcement. His ability to deliver on those promises and more will depend on his resolve to break with tired norms where necessary and populate the Department’s highest ranks with unabashed champions for the public interest, not corporate apologists.

February 19, 2021

Eleanor Eagan

Blog Post

2020 Election/TransitionIndependent Agencies

Senate Must Clear Obstacles and Avoid False Tradeoffs

On January 20, Joe Biden was sworn in as the country’s 46th President. It will be months, even years, however, before all of the accompanying members of his administration are in place. With over 4000 positions to fill, the vetting and selection process necessary to stand up a new administration is formidable. Add to that the lengthy road to Senate confirmation for over 1000 of those picks and you have a recipe for dysfunction.

February 17, 2021

Dorothy Slater

Report

2020 Election/TransitionClimateFinancial Regulation

The Industry Agenda: Fossil Fuel

The fossil fuel industry is one of the most notoriously profit-hungry and planet-destroying sets of corporations to exist today. The “fossil fuel industry” includes oil, gas, (yes, even the “natural” kind), and coal companies, as well as subsidiary companies involved in the extraction processes for these materials: land and off-shore drilling, fracking, and underground and surface mining.

February 16, 2021

Dorothy Slater Sion Bell

Blog Post

2020 Election/TransitionClimateFinancial Regulation

How A Little-Known Treasury Position Could Move Mountains For Climate Action

President Biden has promised to take a “whole-of-government” approach to tackling the climate crisis, and so far his appointees appear to be following suit. The National Climate Task Force met for the first time in a crowded zoom room last week, and Treasury Secretary Janet Yellen and International Climate Envoy John Kerry met earlier this month to discuss their “climate finance plan” to shift capital towards investments in line with a low-carbon economy.

February 11, 2021

Max Moran Timi Iwayemi

Report

2020 Election/TransitionFintech

The Industry Agenda: Fintech

Since fintech apps provide a wide range of financial services, there are many potential harms to leaving the industry largely under-regulated — especially since many fintech and cryptocurrency firms design their products to narrowly evade existing laws that define certain types of financial products, and thus, the regulations to which they are subject.

February 10, 2021

Brett Heinz

Press Release

2020 Election/Transition

New Report Finds "Serious Conflicts Of Interest" At Top National Security Think Tank Sought Out By Biden Administration

“CNAS is far from alone among Washington think tanks in engaging in questionable ethical behavior of this variety, and all such behavior is worthy of attention. But the scale and scope of conflicts of interest that appear in CNAS’s work and the influence that its donors may be exerting on policy further highlights serious concerns about political corruption,” report coauthor Brett Heinz said.

February 04, 2021 | American Prospect

Dorothy Slater Max Moran Timi Iwayemi

Op-Ed

2020 Election/TransitionClimateDepartment 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.