Corporate Crackdown

Every two weeks, we’ll be sending a summary of what the Biden administration has and hasn’t done to police and publicize white-collar crimes and big business abuses.

This chapter focuses on the Department of Energy, while later chapters explore the opportunities available to the EPA, Departments of Agriculture, Interior, Justice and other executive branch agencies. 

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. 

Rohit Chopra’s CFPB walked the walk after his incredible speech at the University of Pennsylvania last month.

Denise Keehner is expected to start on Monday as the Environmental Protection Agency’s new director of the Office of Pollution Prevention and Toxics (OPPT), Bloomberg Law reported last week. Keehner is a former EPA official currently employed by Maryland’s Department of the Environment.

Even without Congress, advocates say there’s a lot that HUD can do to protect tenants and promote affordable housing.

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

The Federal Maritime Commission’s leaders have no interest in breaking up the shipping conglomerates’ price-gouging which Biden promised the nation.

When Republicans blockade confirmation hearings, they handcuff the government’s ability to handcuff lawbreaking executives.

Joe Biden pledged that as president he would hold polluters accountable. But in 2021, the number of criminal cases against polluters referred to the Justice Department dropped even lower than the year before. At best, DOJ officials have set their sights on bringing environmental crime enforcement back up to Obama-era levels—but not exceeding them. That’s a decidedly muted goal; environmental crimes enforcement was higher under George W. Bush than Obama, and has always been underfunded.

With only a handful of years left to act before catastrophic global climate change becomes irreversible, every day is a high-stakes day for U.S. climate policy. But the past two weeks of Putin’s unconscionable war on Ukraine have been particularly nerve-racking for the future of the energy transition—a transition which is inextricably linked to the future of democracy everywhere.