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April 25, 2022

Dorothy Slater

Blog Post

2020 Election/TransitionClimateEthics in GovernmentExecutive BranchRevolving Door

What You Need To Know About The Contenders For Biden’s Next Chief Of Staff

Nearly halfway through President Biden’s second year in office, with midterms on the horizon and senior staff either burning out or eager to sell out, “Transition 2.0” — the rapid departure of said senior staff with an influx of new personnel — is growing closer. One position we’re keeping a close eye on is Biden’s next Chief of Staff. Currently filled by Ron Klain, this is Biden’s de facto power broker. He helps the president make decisions and acts as a gatekeeper for the many, MANY forces, good and bad, who’d like to influence the president.

April 14, 2022

Eleanor Eagan Timi Iwayemi

Blog Post

cryptocurrencyEthics in GovernmentFederal ReserveFinancial RegulationFintechRevolving Door

Michael Barr is the Wrong Man to Stop the Next Financial Crisis

Over a decade after the financial crisis, few would still dispute that the revolving door between financial regulators and the financial industry helped pave the way for economic disaster. In the years preceding the crash, regulators who came from the country’s largest banks and planned to promptly return to them, removed regulatory restraints and turned a blind eye to the predictably dangerous effects (see, e.g. Robert Rubin and Alan Greenspan). In the next administration, different regulators drawn from the same well let the fraudsters off the hook and left the working people who had fallen victim to them out to dry.  

April 12, 2022 | The American Prospect

Timi Iwayemi Eleanor Eagan

Op-Ed

cryptocurrencyEthics in GovernmentFinancial RegulationRevolving Door

Biden Must Block Crypto’s Access to the Revolving Door

Fortunately, Biden has the means to stop at least one aspect of crypto’s campaign in its tracks. Through an executive order, he can cut off crypto’s access to the revolving door by barring the officials who are involved in developing regulations for the digital assets industry from working for it for at least four years. By rights, it should be a bare-minimum anti-corruption standard.

March 11, 2022

Hannah Story Brown Dylan Gyauch-Lewis

Press Release

ClimateExecutive BranchFinancial RegulationIndependent AgenciesRevolving Door

Carbon Offset Legitimization Would Undermine Climate Progress, New Report Argues

The Revolving Door Project released a new “Industry Agenda” report today breaking down the systemic flaws and increasing relevance of the carbon offset industry as the favored greenwashing strategy for big industries and high-polluting nations. The report highlights the policies and executive branch agencies of interest to players in both voluntary and compliance carbon markets in the United States.

March 03, 2022

Toni Aguilar Rosenthal

Blog Post

Department of JusticeRevolving Door

Revolver Spotlight: Michael Easley Jr. and the Office of the U.S. Attorneys

As officers with extraordinary latitude and immense authority within their districts, U.S. Attorneys have the ability to implement ambitious reforms to the federal legal landscape in a direct and immediate fashion. U.S. Attorneys also have incredible freedom to reorient the undercurrent priorities of the federal legal system and to center historically under prosecuted, but systemic nonetheless, crimes such as corporate and white collar malfeasance. Because of the incredible potential of the position, it is critical that these offices are prioritized in Biden’s staffing of the federal bureaucracy. However, as we have examined previously, the Biden administration has proven remarkably slow in its nominations process for U.S. Attorneys positions, seemingly in part due to an unwillingness to decisively abandon deference to a racist Senate decorum procedure known as blue slips.

January 27, 2022

Letter

Anti-MonopolyDepartment of JusticeGovernment CapacityRevolving Door

Letter to Attorney General Merrick Garland Highlights Urgent Need for Resources in the Antitrust Division 

The Justice Department plays a key role in President Biden’s vision of promoting “the interests of American workers, businesses, and consumers” through increasing competition, a plan which stands to be one the most enduring legacies of this administration. Your commitment to promote “competition by fairly and vigorously enforcing the antitrust laws,” along with the confirmation of Jonathan Kanter to Assistant Attorney General for the Antitrust Division, are crucial steps forward in this vision.