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April 27, 2022 | Revolving Door Project Newsletter
Eleanor Eagan Hannah Story Brown
ClimateCongressional OversightCorporate CrackdownIndependent Agencies
More “Terrifying” Enforcement Please
On Earth Day 2021, President Biden affirmed his administration’s commitment to bold climate action that would set the world on a path to less than 1.5 degrees Celsius of warming. In the days leading up to this year’s Earth Day, in contrast, his Interior Department announced that it would reopen oil and gas lease sales on public lands. That’s bad enough. At least as alarming, however – if not more, quite frankly – is what his administration still isn’t doing to avoid catastrophic climate change.
April 25, 2022 | The American Prospect
Where's The Congressional Champion On Pharma Patent Abuses?
But for all of this, neither party’s congressional leaders have directly challenged the main legal mechanism that accounts for those high costs—namely, intellectual property. You’d think members of Congress would recognize the political salience of picking a fight with one of the most hated industries in America. So why isn’t anyone on Capitol Hill even talking about intellectual property’s role in driving high drug prices, and taking the PTO to task to do something about it?
April 19, 2022
How The Department Of Commerce Can Combat Economic Malaise
Responsible for creating “conditions for economic growth and opportunity,” the full powers of the DOC must be leveraged to combat economic malaise. Since the modern department was established in 1913, the DOC’s powers have generally been neglected and poorly understood. That’s in part reflective of the DOC’s byzantine structure: it’s a seeming grab-bag of agencies that either don’t fit in neatly with any other department, or are located within the DOC as a result of 20th century political knife-fights.
March 29, 2022
Biden Gave Most Corporate Crimes A Pass This Winter, New Analysis Shows
The Biden administration pursued at least 24 prosecutions and rulemakings to crack down on white-collar crime this winter, but took no action against at least 48 crimes or abuses, a new data set from the Revolving Door Project shows
March 28, 2022
Dylan Gyauch-Lewis Mekedas Belayneh
Anti-MonopolyCongressional OversightCorporate CrackdownExecutive BranchIndependent Agencies
Shipping Cartels Are Spiraling Out Of Control. The Agency Set To Regulate Them Doesn’t See The Problem.
The Federal Maritime Commission’s leaders have no interest in breaking up the shipping conglomerates’ price-gouging which Biden promised the nation.
March 28, 2022
Biden’s Weak Record On White-Collar Crime Is (Partly) Thanks To Congress
When Republicans blockade confirmation hearings, they handcuff the government’s ability to handcuff lawbreaking executives.
February 16, 2022 | Revolving Door Project Newsletter
Is Crypto Experiencing Inflation in the Price of Revolvers?
Inflation, it’s all anyone can seem to talk about. With prices rising at their fastest rate in more than three decades, the White House is understandably looking for ways to get things under control. Rhetorically, they’ve pointed their finger at corporate greed, highlighting the stark contradiction between companies’ claims that price hikes are unavoidable and their record profits (which, by definition, mean they can raise prices faster than their costs are rising). Action to follow that diagnosis, however, has been more muted. That is not because they don’t have options at their disposal.
February 01, 2022
The Chamber Of Commerce Gives Cover To Scared Wall Streeters
Quaadman’s letter is full of technical language and oozes elite respectability, but underneath all of the jargon, it’s just a bunch of Wall Street banks scared that someone might hold them to account.
January 10, 2022
The Public Still Needs Answers About The Fed
Federal Reserve officials’ conduct has cast doubt on the institution’s credibility to provide these answers. It is, therefore, critical that members of the media and of Congress seek independent answers.
January 05, 2022 | Revolving Door Project Newsletter
The Stones that Paved the Way to 1/6
Tomorrow marks one year from when rioters stormed the Capitol building in an attempt to overturn the 2020 presidential election. In the 364 days since that horrific event some things have certainly changed: the presidency has successfully changed hands, almost 200 insurrectionists have plead guilty, and a handful of Trump’s associates have been held in contempt of Congress for their refusal to testify before the select committee. And yet, in other respects, progress has been woefully incomplete. Key officials from the Trump administration remain in place, the federal government continues to defend many of Trump’s seemingly indefensible legal positions, and Trump and his inner circle have not faced consequences for inciting the insurrection.
December 22, 2021 | Revolving Door Project Newsletter
New Year’s Resolutions for Official Washington
The jury’s still out on whether Build Back Better is really, truly dead. Some think that there’s still a deal to be made after Senator Joe Manchin unceremoniously blew up negotiations over the weekend. Others argue that, if Manchin isn’t satisfied with a bill that has already been thoroughly hacked and chiseled to conform to his demands, he won’t accept anything. But whichever camp you fall in, it’s clear that the landmark legislation is unlikely to remain the only topic in town next year. (Indeed, as important as the needs requiring BBB are, the executive branch is always also critical). As our political leaders prepare for the post-Build Back Better world, we ask that they consider making the following resolutions for the New Year.
November 04, 2021
When Republican Votes Advance Biden's Nominations
Rahm Emanuel’s nomination is not the first time a Biden pick advanced despite Democratic opposition.
October 18, 2021
Congress Can't Leave Policing The Fed...To The Fed
It’s highly probable that Powell guessed in advance that October would be a rough month for stocks, and made a multi-million dollar choice to get out.
October 15, 2021 | Talking Points Memo
The Jan. 6 Committee Has The Right Idea: Now Congress Should Subpoena Zuckerberg
Facebook continues to lie to the public with abandon. That is one of the main takeaways from the Facebook whistleblower’s testimony last week. Even now, having been called out, Facebook is frantically working to obscure and underplay its own dishonesty.
October 07, 2021
Watchdogs Request Fed Leadership's Contacts With Ethics Office
“The malfeasance already in the public record is staggering. For the sake of government integrity, the public must learn how deep the rot goes at Powell’s Federal Reserve.”