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January 12, 2021

Dorothy Slater Max Moran

Blog Post

2020 Election/TransitionClimateFinancial RegulationIndependent Agencies

Gary Gensler Would Lead An Un-Captured SEC To New Climate Regs

Gensler’s first order of business at the SEC will be to reverse Trump’s deregulatory agenda and rebuild the agency’s capacity to police American stock-trading. But this should only be a starting point: SEC activity was insufficient even under Obama, and issues linked to the financial system, from climate change to inequality, have worsened in the four intervening years.

December 11, 2020 | The American Prospect

Eleanor Eagan

Op-Ed

2020 Election/TransitionIndependent Agencies

Mitch McConnell’s Sudden Interest in Independent Agencies

It’s December, and Senate Majority Leader Mitch McConnell is still dodging calls to explicitly acknowledge that President Trump lost the election. It’s clear, however, that he knows who the next president will be. True to form, he’s working hard to undermine Joe Biden by confirming Trump’s nominees to independent agencies in the final days. This could shut down Biden’s ability to influence critical agencies’ composition for months, if not years, with severe consequences for regulatory enforcement and new rulemaking.

December 04, 2020

Eleanor Eagan

Blog Post

2020 Election/TransitionIndependent Agencies

Why Wasn't this Vote a Priority for Kamala Harris?

With scant days remaining in this Congress, Senate Republicans are busily working to undermine the incoming Biden administration by rushing to confirm Trump’s nominees to terms that will last well beyond January 20, 2021. Yesterday, in a close 48 to 47 vote, they installed Christopher Waller to the Federal Reserve Board of Governors in a term that will not expire until 2030, robbing Biden of the seat. With Mike Pence and his potential tie-breaking vote out of town, Kamala Harris (in her capacity as a Senator) had the power to delay, if not stop it.

December 04, 2020

Eleanor Eagan

Blog Post

Independent Agencies

November 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking minority party nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

November 20, 2020 | The American Prospect

Eleanor Eagan Mariama Eversley

Op-Ed

2020 Election/TransitionGovernment CapacityIndependent Agencies

Joe Biden Must Not Look for Unity in Mitch McConnell’s Obstruction

Last week, Mitch McConnell chose to fan the flames of baseless electoral conspiracy rather than acknowledge Joe Biden’s indisputable victory. Meanwhile, prominent Democrats took to the airwaves to insist that working with McConnell would not be nearly as hard as people claimed. This is dangerous, wishful thinking.

November 02, 2020

Eleanor Eagan

Blog Post

Independent Agencies

October 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking minority party nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

September 08, 2020

Eleanor Eagan

Blog Post

Independent Agencies

August 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly, Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

August 10, 2020

Eleanor Eagan

Blog Post

Independent Agencies

July 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly, Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

July 14, 2020

Eleanor Eagan

Blog Post

Independent Agencies

June 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly, Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

June 02, 2020

Eleanor Eagan

Blog Post

Independent Agencies

May 2020 Update on the State of Independent Federal Agencies

Over the past several years, President Trump’s assault on governing norms, from his refusal to reveal information about his finances to his glee in firing those who are not sufficiently loyal to him, has sparked public outcry. One set of norm violations, however, has received relatively little attention from the media or from Senate Democrats. Quietly, Trump and Mitch McConnell have undermined independent agencies’ functionality by slow-walking nominations. And, in particular, they have undermined the norm of statutorily-mandated political balance on many independent agency boards in a move that could keep regulatory power in Republican hands for years after Trump leaves office.

May 01, 2020

Miranda Litwak

Report

Anti-MonopolyIndependent Agencies

The SBA's Office of Advocacy: What is it and Why is it Relevant?

The Small Business Administration’s Office of Advocacy (“Advocacy”) is a little known corner of the executive branch that wields a surprising amount of power, particularly in the regulatory process. This research memo explores the powers Advocacy possesses, how the office gained this power, and the potential Advocacy may have in a progressive administration to be a strong anti-consolidation voice in the regulatory process.

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.