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August 10, 2020
The Revolving Door Project on Fighting Monopoly Power
Congress and the antitrust enforcement agencies have given unprecedented attention to the monopoly issues surrounding Big Tech in recent months. The scrutiny is one step toward rebalancing our increasingly concentrated economy, especially in the time of COVID-19, when small businesses are struggling to survive and corporations are further entrenching their power. But the problem of economic concentration extends far beyond Big Tech. It defines almost every corner of our economy. With the upcoming election and a potential shift in power, Joe Biden has an opportunity to reduce economic consolidation across the board, using executive branch powers including, but not limited to, reforming the antitrust enforcement agencies.
August 04, 2020
Revolving Door Project Comments on OCC's Proposed Rulemaking on Digital Activities
As numerous civil rights and racial justice organizations have highlighted, changes to the Office of the Comptroller of the Currency’s (OCC) regulations on digital activities are likely to have far-reaching consequences as it regards economic and racial equity. Specifically, these changes risk leading to disparate impact, “digital redlining, “predatory inclusion,” and enhanced surveillance. Given the seriousness of this rulemaking’s potential consequences, the OCC should do all that it can to ensure that the public has the utmost confidence in the integrity of the rulemaking process. Sadly, in allowing that process to move forward under the leadership of an acting official with severe conflicts of interest, the Office is rendering public trust in it impossible.
July 30, 2020
Dozens of Groups Urge Biden to Stand Against Corporate Conflicts of Interest
July 29, 2020
To Rebuild Public Trust, Close the Revolving Door
We, the undersigned organizations, call on the winner of the next presidential election to commit not to appoint any individual to a senior policy role in an agency or department with authority over any industry in which that individual held a senior position or served in an advisory capacity within the last five years. We also urge that, if applicable, such individuals be excluded from positions with jurisdiction over personnel matters during the transition.
May 20, 2020
The Revolving Door Project Responds to Coronavirus
In the space of just a few weeks, the coronavirus outbreak has called into question almost every aspect of the political consensus of the last few decades. As it turns out, selling government for parts (aka “privatizing” or “reinventing” government), rolling back regulations, starving governing bodies of resources, and holding those who attempt to serve the public good in contempt, has left us exceedingly vulnerable.
May 11, 2020
New “Power Map” Preserves Record Of Bundlers and Donors In 2020 Primary
By breaking down high-dollar support by sector, this tool encourages users to draw direct lines between big money fundraising and a president’s choices regarding personnel and executive power.
April 08, 2020 | Talking Points Memo
What Will Feds Do About Corporate Bailout Bill Corruption? Look To Walmart's Opioids Case
If and when we (likely inevitably) learn that bailed-out companies and multi-trillion dollar slush funds misuse the public disaster relief dollars doled out by the Trump administration in the wake of the pandemic, we should turn back to this Walmart story for further evidence of why big corporations are rarely held accountable.
April 06, 2020 | Alternet
Jared Kushner is the point man for private profiteering on the coronavirus response
Hot off of singlehandedly ending the Israeli-Palestinian conflict, America’s Son-In-Law-In-Chief has put himself in charge of handling half of the White House response to the coronavirus crisis. Didn’t you know that? No? Oh, well, it seems the White House just decided that, ah, the people didn’t need to hear about this. Oh, and FYI, most of his team are from the private sector. That’s not a problem, Congressional Democrats, is it?
March 24, 2020
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 24, 2020
Good Government Groups Demand SEC Investigate Sen. Kelly Loeffler for Insider Trading
Today, the Demand Progress Education Fund and Revolving Door Project submitted a complaint to the Securities and Exchange Commission (SEC) requesting that the agency investigate Senator Kelly Loeffler for insider trading.
March 20, 2020
Good Government Groups Demand SEC Investigate Sen. Richard Burr for Insider Trading
Today, the Demand Progress Education Fund and Revolving Door Project submitted a complaint to the Securities and Exchange Commission (SEC) requesting that the agency investigate Senator Richard Burr for insider trading.
March 11, 2020
The Coronavirus Crisis: A Who's-Who of Trumpian Mismanagement
The COVID-19 coronavirus is a public health emergency unlike any the United States has faced in decades, but it is also one which the federal government has tools to counter. Unfortunately, the Trump administration is wielding those tools.
February 14, 2019
Letter to the Federal Housing Finance Agency and Treasury Inspectors General
Dear Inspector General Wertheimer and Inspector General Thorson:
We write to request an investigation into whether officials at the Federal Housing Finance Agency (FHFA) or Office of the Comptroller of the Currency leaked information about the agency’s plans regarding reform to the Government Sponsored Entities (GSEs) with intent to manipulate markets for the benefit of investors in preferred and common shares. Sharing this confidential, market-moving information with the intent of benefiting Fannie Mae and Freddie Mac’s shareholders would represent a breach of securities law.
January 16, 2019
One Trump Appointee, Two Jobs, Too Many Causes for Concern
Eleanor Eagan, Jeff Hauser, and Adewale Maye
You have likely not heard of Joseph Otting, as he has generated comparatively little attention amidst the circus that is President Trump’s executive branch. However, he is a deeply problematic official who has quietly amassed power in critical agencies that receive far too little attention given their impact on the economy and housing. Amazingly, Otting seems to be using these agencies to act upon resentments he developed as a “controversial,” at best, banking executive, making him a perfect representative of why we are concerned by the revolving door problem in our federal government.
November 13, 2018
How Goldman Sachs Still Holds Sway at SEC
With the departures of Gary Cohn, Steve Bannon, and Dina Powell from the White House, has Goldman Sachs’ initial influence on the Trump Administration dwindled?
CNN asked that question this spring, noting that “one by one, almost all the high-profile Goldman Sachs alums have left the White House.” But as CNN, to its credit, also noted that while who is up and who is down in the Trump White House changes, leadership at the Securities and Exchange Commission (SEC) has been more stable — and Goldman Sachs’ former lawyer, Chairman Jay Clayton, runs that key agency.