Sen. Mark Warner’s Wall Street Pandering Doesn’t Make Sense
Tell Warner to Drop Sponsorship of the Independent Agency Regulatory Analysis Act, which Could Paralyze Consumer Protections
Why is Sen. Warner supporting the Independent Agency Regulatory Analysis Act (S. 3468), which would create new ways for Wall Street cronies to obstruct independent agencies like the Consumer Financial Protection Bureau?
It just doesn’t make any sense.
Sen. Warner voted for and was an outspoken supporter of the Dodd-Frank Wall Street reform bill. If he still supports preventing another financial crash and holding reckless banks accountable, he should not be a sponsor of S. 3468.
Add Your Name Below to Tell Sen. Warner to drop sponsorship of the Independent Agency Regulatory Analysis Act.
We, the undersigned, call on Sen. Mark Warner to drop sponsorship of the Independent Agency Regulatory Analysis Act.
This bill would undermine Dodd-Frank by giving new powers to future White House administrations to obstruct independent agencies such as the Consumer Financial Protection Bureau, the Securities and Exchange Commission and the Commodity Futures Trading Commission. Additionally, the bill would paralyze agencies by requiring them to perform needless and duplicative studies before taking action.
For these reasons, support for this dangerous bill is inconsistent with your vote for the Dodd-Frank Wall Street Reform and Consumer Protection Act. Please drop your sponsorship from this bill right away.
So regulation is bad, but insuring the consumer and people is fucked is a ok. You people make me sick. Sometimes I wish I can send each and every one of you schmucks back to the Robber-Baron days as a More....low paid worker so you understand why we have regulations.
Public Citizen, Inc. and Public Citizen Foundation
Together, two separate corporate entities called Public Citizen, Inc. and Public Citizen Foundation, Inc., form Public Citizen. Both entities are part of the same overall organization, and this Web site refers to the two organizations collectively as Public Citizen.
Although the work of the two components overlaps, some activities are done by one component and not the other. The primary distinction is with respect to lobbying activity. Public Citizen, Inc., an IRS § 501(c)(4) entity, lobbies Congress to advance Public Citizen’s mission of protecting public health and safety, advancing government transparency, and urging corporate accountability. Public Citizen Foundation, however, is an IRS § 501(c)(3) organization. Accordingly, its ability to engage in lobbying is limited by federal law, but it may receive donations that are tax-deductible by the contributor. Public Citizen Inc. does most of the lobbying activity discussed on the Public Citizen Web site. Public Citizen Foundation performs most of the litigation and education activities discussed on the Web site.
You may make a contribution to Public Citizen, Inc., Public Citizen Foundation, or both. Contributions to both organizations are used to support our public interest work. However, each Public Citizen component will use only the funds contributed directly to it to carry out the activities it conducts as part of Public Citizen’s mission. Only gifts to the Foundation are tax-deductible. Individuals who want to join Public Citizen should make a contribution to Public Citizen, Inc., which will not be tax deductible.
To become a member of Public Citizen, click here. To become a member and make an additional tax-deductible donation to Public Citizen Foundation, click here.