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October 01, 2019
September Update on the State of Independent Federal Agencies
Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders.
September 24, 2019
With Impeachment (Slowly) Underway, Other Oversight is Still Needed
Eleanor Eagan
Impeachment proceedings are officially underway, meaning that the tedious debate over whether or not to open an inquiry is (at least, hypothetically) behind us. Following revelations last week that President Trump has taken Congress’ refusal to impeach as a blank check, it is even becoming plausible that the days of Nancy Pelosi’s ridiculous ongoing opposition to impeachment are numbered. This is not to say that the impeachment fight is over; questions about the substance and style of the inquiry remain. Democrats, however, have crossed a major milestone. With the majority of the caucus no longer tied up by whether to even open an impeachment inquiry, it is time they turn their attention to the other, related oversight they have neglected. Only then will they begin to resemble the opposition party voters thought they were propelling to power last fall.
September 23, 2019
Key House Democrats Are Giving Betsy DeVos A Free Ride
Max Moran
Education Secretary Betsy DeVos testified before the House Education and Labor Committee five months ago. She sat down, cleared her throat, and proceded to dodge basic yes-or-no questions about everything from transgender rights to literacy programs to arming teachers for several hours. Through her evasiveness, and the many issues Democrats wanted to bring up, there was barely any discussion of the trillion dollar student loan crisis, a calamity chaining down a whole generation’s opportunity, and which is now larger than both credit card and auto loan debt. Over $1.4 trillion of the $1.5 trillion debt is part of the federal government’s student loan portfolio, which the Education Department oversees.
September 16, 2019
Revolving Door Project Probes Thiel's White House Connection
Max Moran
Washington is awash with proposals for a new regulatory agency centered on Silicon Valley. Often lost in that important conversation is the fact that the executive branch already has some positions with a direct focus on the technology sector, though they are limited in scope and scattered across the alphabet-soup of agencies. Perhaps no tech-focused bureaucrat has the president’s ear quite like the Chief Technology Officer. The CTO is the White House’s top advisor on anything to do with technology and innovation, tasked with explaining the latest developments and guiding the thinking of the most powerful politician on earth.
September 11, 2019
Google’s Settlement With The FTC Shows A Culture Of Corruption Thriving
The FTC’s pittance of a settlement with Google over serious violations of children’s privacy laws came and went through the news cycle with little more than a shrug from the public last month. That’s understandable; folks following Silicon Valley’s relationship with Washington right now are singularly focused on the concurrent state and federal-level antitrust inquiries into the biggest four tech companies, Google included. Moreover, as I wrote in the American Prospect yesterday, Google shields itself particularly well from prying progressive eyes, thanks to a combination of think tank donations, overtures to Democratic elites, and just offering highly functional products whose creepy surveillance downsides are little understood by consumers. But this is the Revolving Door Project, so we couldn’t let a corporate giveaway go by without looking at the personnel behind it. And as the aphorism, sometimes attributed to Mark Twain, goes: “history never repeats itself, but it often rhymes.”
September 05, 2019
August Update on the State of Independent Federal Agencies
Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders.
September 05, 2019
Facebook Dodges Regulation With Wall Street’s Tactics — Confuse And Blame The Public
Max Moran
Facebook fulfilled an old promise last month in the most Facebook way possible: by sounding nice on paper and glossing over the details. Their new privacy tools are a laughably inefficient and insufficient set of measures, because fundamentally, they’re not trying to actually solve the stated problem: Facebook’s surveillance-based business model. It’s more proof that forcing individuals to protect themselves from the abuses of giant corporations is a cruel fantasy. This collective problem will require a collective solution. It’s about time regulators stepped in to do something about it.
August 16, 2019
SEC Chief Accountant's Trip(s) through the Revolving Door are Emblematic of a Broader Problem
Eleanor Eagan
In May, Wesley Bricker, the Securities and Exchange Commission’s (SEC) Chief Accountant, announced that he was stepping down. Early last month, we learned where he had landed: PricewaterhouseCoopers (PwC), one of the “Big Four” auditors, as Vice Chair and Assurance Leader for the US and Mexico. With this move, Bricker has completed his fourth turn through the revolving door between PwC and the SEC. Although seemingly remarkable, his career trajectory is emblematic of the nearly nonexistent lines between regulators and those they are tasked with regulating. As this example makes clear, reforming agencies like the SEC so that they work for the public good will not just be a matter of choosing good commissioners, but of changing the culture and expectations for personnel throughout all echelons of these entities.
August 01, 2019
July Update on the State of Independent Federal Agencies
Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders.
July 22, 2019
Revolving Door Project Requests Info On Big Tech Regulators
Max Moran
The Revolving Door Project’s mission is to scrutinize the nexus of corporate power and the executive branch. In the United States, two agencies within the executive branch have the power to seek to break up a company: The Federal Trade Commission (FTC), and the Department of Justice’s (DOJ) Antitrust Division. That is why it is important that we research any entanglements undermining the FTC and DOJ Antitrust’s commitment to serving the public interest.
July 02, 2019
June Update on the State of Independent Federal Agencies
Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders.
June 26, 2019
How Well Do Leading 2020 Candidates Understand the Executive Branch?
Eleanor Eagan
It is one of the many peculiarities of American politics that legislative laundry lists dominate presidential campaigns even though presidents have little power to get these promises enacted. That is not to say that these aspirational assertions do not matter. As a statement of values, they can mobilize support. But while legislation is subject to the considerable influence of, well, the legislature,how a candidate intends to do the job for which they are running (i.e. managing the executive branch) is something for which they can be held directly accountable. And yet candidates tend to be much less forthcoming with their vision for actually running the federal government. That silence reduces presidential accountability to the public for how they wield the powers of the executive.
June 11, 2019
Oversight Targets Abound in Betsy Devos' Education Department
Eleanor Eagan
Since last fall, the Revolving Door Project has been working to ensure that House Democrats use their newfound majority to perform long overdue oversight that targets the intersection between outsized corporate influence and Trump-era corruption. We have argued that across the breadth of every issue area imaginable, such oversight not only represents good policy but also good politics. In a moment of deep skepticism about the integrity of elites and institutions across the globe, fighting against corruption could not be more timely. Despite our pleas, few Democrats have embraced this manner of populist oversight. This timidity is disheartening in all cases, but in certain areas, like Betsy Devos’ Education Department, it appears particularly egregious.
June 03, 2019
May Update on the State of Independent Federal Agencies
Eleanor Eagan
The federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public interest rather than corporate insiders.
May 16, 2019
The Oversight Options Available to the House Financial Services Committee
Eleanor Eagan and Jeff Hauser
The financial industry has been the driving force behind some of the most damaging economic trends of our time. In spite of this fact, since the spasm of reform reflected in the Dodd Frank Act, financiers have faced very little scrutiny from lawmakers. Instead of regulating the industry, many governing officials from both parties have chosen to collect campaign checks in exchange for helpful votes. Maxine Waters has rejected this complacency in favor of aggressive oversight. The committee’s failure to oversee the industry for so long, however, has left a significant backlog of issues to examine, in addition to the plethora of new and novel issues emerging under this administration. In an effort to help advocates and members of the public understand the scope of the task that the House Financial Services Committee (HFSC) faces, the Revolving Door Project has compiled a list of problems that deserve the committee’s scrutiny.