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July 22, 2021
In 2019, Gallup found that the pharmaceutical industry was “the most poorly regarded industry in Americans’ eyes,” and rightfully so. Pharmaceutical companies often set drug prices exorbitantly high, including life-saving drugs which patients literally cannot go without, such as insulin. This includes older drugs that are cheaper to produce — such as epinephrine (emergency medication used to treat severe allergic reactions and asthma attacks). These firms achieve this by stifling competition at the consumer’s expense, jealously protecting their money-makers from the generics which the pharmaceutical system is supposed to develop after a patent expires.
July 14, 2021
GOP Cries Foul As Biden Seizes on the Supreme Court’s New Precedent
After months focused on the infrastructure bill, the Biden administration appears to be leaning into bold, executive action once again. On Friday, the President signed an executive order directing a dozen different agencies to take specific steps to promote competition. Many heralded the move as the start of a new trust-busting era.
July 14, 2021
The Biden Administration has a historic opportunity to reverse the executive branch’s long-standing war on whistleblowers, and end the all-too-common (and sadly bipartisan) practice of villainizing whistleblowers and leakers to avoid accountability for government wrongdoing revealed by these actors.
June 29, 2021 | The American Prospect
Interagency cooperation is essential to ensuring the Biden administration adequately manages the risks associated with the growth of cryptocurrency, including illicit finance, tax evasion, investor and customer protection, shadow banking, and financial stability.
June 22, 2021
Over 10 percent of Biden’s presidential term has passed. Yet, despite notable accomplishments on COVD-19 relief, the Biden administration is still far from having maximized its potential impact, particularly when it comes to executive branch power. Nowhere is that more evident than at independent federal agencies, where Biden’s agenda has barely even begun to take root. With 10 percent of his term gone, Democrats have secured a majority on just three new independent agency boards.
June 16, 2021
One of the biggest roadblocks to firing Louis DeJoy is Democratic Postal Board member Ron Bloom. Biden must immediately replace him with someone who will protect USPS from DeJoy’s sabotage.
June 02, 2021
Working Paper: New Federal Reserve Governors Must Deploy All of the Institution’s Tools to Advance the Public Interest
Over the course of the next eight months, Biden will have the opportunity to reshape the Federal Reserve Board of Governors with nominations for up to four of its seven seats, including the positions of Vice Chair of Supervision, Vice Chair, and Chair (listed in the order they will become vacant). In choosing nominees for these posts, it will be essential that Biden consider the full weight of the Federal Reserve’s immense power and select individuals who are ready and willing to deploy every ounce of it to advance the public interest.
May 13, 2021
Presidents are only as effective as the administrations they assemble. FDR’s “brain trust,” for example, drove his effective first term. As President Biden seeks to surpass his predecessors’ accomplishments and become the most effective president of the past 60 years, the staff with whom he surrounds himself are essential. For over a thousand members of his team, Senate confirmation stands between them and the critical task ahead, making it crucial that Biden quickly make nominations to get these senior leaders working towards his vision as soon as possible. As the traditional post-New Deal metric of how a young administration is performing, the 100th day in office is a chance to look back on the Biden administration’s progress thus far and compare it to the Obama administration.
May 07, 2021
Biden has accomplished a great deal in his first 100 days in office. Millions have been vaccinated, relief measures have been passed to address ongoing economic pain, and important portions of Trump’s agenda have been reversed. Yet, despite the scale of these accomplishments, the Biden administration is still far from having maximized its potential impact, particularly when it comes to executive branch power.
May 06, 2021
President Biden has nominated three candidates — Ron Stroman, Anton Hajjar and Amber McReynolds — to vacant seats on the USPS Board of Governors. While these nominations are a good start, they won’t be enough to give the board a majority that can fire Postmaster General Louis DeJoy.
April 16, 2021
It is relatively well known, for example, that the Internal Revenue Service has long suffered from under-investments in its budget. Less appreciated, however, are independent facets within the IRS which, rather than being primarily burdened by budget constraints, have simply been forgotten. One such facet is the IRS Oversight Board (IRSOB), which is supposed to provide guidance to the president on the IRS Commissioner and develop long-term strategic plans for the agency. The Board has lacked the five members necessary for a quorum since 2015.
April 06, 2021
After over two months in office, President Joe Biden has a Cabinet. And his administration continues to announce names for the nearly 4000 other positions it will need to fill. With only a few exceptions, however, picks for one class of appointment — to independent agency boards — have been slow to emerge. The Biden administration undoubtedly faces many competing priorities, but these nominations must rise to the top.
March 31, 2021
They’re Building Back Better; We Still Urge Faster!
Jockeying to shape the upcoming infrastructure package is well underway. Our attention, however, is on an important deadline this Sunday. April 4 is the last day for lawmakers to introduce Congressional Review Act resolutions to strike eligible Trump rules from the books. If they don’t meet this deadline, the Biden administration will have to undertake a lengthy administrative process to reverse those regulations. By forcing Biden to dedicate resources to these rollbacks and delaying the start of new rulemakings, failure to act now could set this administration back on everything from civil rights and financial regulation to housing and environmental regulation.
March 17, 2021
Almost two months after he took office, Biden’s Cabinet is nearing completion. Nearly all of the six remaining spots seem set to be filled in relatively short order. Now, with the senior-most leadership in place, more permanent hiring for other political roles is likely to accelerate. And with that in mind progressives and good government groups are engaging in another push to ensure that public interest-minded officials populate all levels of political leadership. On Thursday, 46 groups sent a letter to Chief of Staff Ron Klain asking that new hires at the Justice Department not hail from BigLaw and that those with connections to firms who have already been hired recuse from policy and personnel decisions that could impact former clients. When asked whether the Biden administration would heed that call, White House spokesperson Jen Psaki was noncommittal. That’s disappointing — demanding recusals from BigTech and BigLaw tied hires should be a no-brainer (and, in fact, it’s already a step down from our preferred solution, which is not to appoint them at all) — but, if there’s one thing the administration should know by now, it’s that we’ll not be letting them off the hook when it comes to conflicts of interest.
March 16, 2021
Title 1 of the Dodd-Frank Act Title established the Financial Stability Oversight Council (FSOC) just over a decade ago. Prior to its arrival, there was no cross-agency government body tasked with protecting the financial system from systemic risks. FSOC was created to avoid repeating the mistakes of the 2008 financial crisis and to be a safeguard against financial practices with the potential to wreak global havoc.