Revolving Door

In response to Thursday’s reporting from E&E News on the Energy Department pushing the Treasury Department to align its clean hydrogen tax credit guidance with industrial polluters’ wishlist, the Revolving Door Project released the following statement: 

The regulatory authority of the executive branch is under attack, and BigLaw firms stacked with revolvers are on the front lines leading the assault. I’ve previously written about former FTC Commissioner Christine Varney challenging the legitimacy of her former employer on behalf of pharma company Illumina. Lawyers at Latham & Watkins, a firm stacked with revolvers from executive branch agencies, are before the Supreme Court challenging the Chevron Doctrine, which defers to executive agencies’ interpretations when legislative statutes are unclear. The Securities and Exchange Commission’s ability to hold administrative proceedings hangs in the balance as we await the Supreme Court’s decision in SEC v. Jarkesy, where the Fifth Circuit’s ruling decimated the agency’s authority. In a new attack, revolvers on the labor/management relations team at Morgan Lewis & Bockius have their sights set on the plutocrats’ latest target: the National Labor Relations Board.

Accounting’s technical jargon makes the industry obscure to most Americans. It’s likely your next-door neighbor has no idea of the PCAOB’s activities, its responsibility to protect investors, or its history of negligence. That’s expected, but chair Williams is now working to turn the ship around to fix the shortcomings of one of America’s most consequential oligopolies, and it will improve the economic lives of an unaware public.

The Senate Foreign Relations Committee Waved Maloney Through Without So Much As A Whisper About His Connections To Coinbase, The Cryptocurrency Firm That Has Employed Him Since His Nomination Was Announced.

Dissenting Commissioner Christy Goldsmith Romero, meanwhile, warned that the agency’s approval of a vertically integrated crypto market threatens to open a Pandora’s box.

RDP Founder and Executive Director Jeff Hauser joined The American Prospect’s Holiday Telethon to discuss airline regulation, ethics and good governance, and more.

While former FTC commissioner Noah Phillips defends private equity from antitrust lawsuits, the media attacks current Chair Lina Khan for … doing her job.

CFTC Chair Rostin Behnam’s term doesn’t end until 2026, but there are rumblings of an early exit to the private sector. Place your bets where he’ll end up next!

The Revolving Door Project, A Government Ethics Watchdog, Alerts Media Of Possibility That CFTC Chair Rostin Behnam Is Considering Leaving Government To Cash Out In Private Industry

This story has been retracted.

“It pales in comparison to the millions of deaths he was responsible for,” progressive foreign policy expert Matt Duss observed Thursday, “but Kissinger was also a pioneer in the normalization of corruption.”

Thoughts on the summer of strikes, the rise of the machines, and coming attractions.

This week’s newsletter discusses a wolf in a moderate’s clothing, opposition to healthcare revolvers, and new polling suggesting widespread support for the CFPB.