National Call-In for Real Financial Reform

fat catThe Senate Democrats are trying to bring the financial reform bill up for a vote, but the Republicans are blocking it.

Tell your senators it’s time to vote to hold Wall Street accountable!

Please call your senators now, using the talking points below to tell them it’s time for a fair fight with up or down votes on the bill and amendments! Its time to pass the American Financial Stability Act of 2010 with strengthening amendments and to vote “No!” on any anti-consumer amendments or big bank loopholes.

Wall Street has spent tens of millions of dollars to kill reform. Wall Street likes the status quo. Thousands of bankers and lobbyists are roaming the Capitol’s halls, trying to convince your senators that reform is bad for America.

Your senators need to hear the real American story -- from YOU!

It’s the final push for real reform! Don't let Wall Street kill the bill!

Public Citizen, the Americans for Financial Reform coalition and thousands of concerned Americans are flooding the Senate with calls. Call your senators toll-free at (866) 544-7573. Tell them your story and make sure they pass real financial reform!

Use the toll free number and talking points below to call your senators now!
(Please call between 9 a.m. and 5 p.m.)

CALL HERE: (866) 544-7573

Talking Points:

1.) Tell Republicans and Senator Ben Nelson (D-Neb.): I support the American Financial Stability Act of 2010. Stop blocking the bill! Proposed changes to the bill can and should be offered on the floor as amendments, not in backroom deals. It’s high time to begin voting on the floor. Vote for cloture!

Tell Democrats: I support the American Financial Stability Act of 2010. Thank you for voting in favor of cloture. It’s high time to begin voting on the floor.

2.) I urge you to pass the American Financial Stability Act of 2010 with strengthening amendments and vote “No!” on any anti-consumer, big bank-loophole amendments.

Specifically:

3.) Defend the consumer protection agency in the bill, but make it stronger and independent to protect consumers by policing unfair and deceptive practices by credit card companies, mortgage companies and predatory lenders. The Federal Reserve has repeatedly failed consumers and is the wrong place to house an effective watchdog with teeth.

4.) Executive pay and bonuses must be reined in to end the perverse incentive to gamble with investor and taxpayer dollars. Amend the bill so that corporate officers are paid for long-term performance, not short-term illusions.

5.) Break up the banks –- too big to fail is too big to exist. In addition to preserving the preventative measures already in the bill that would limit the risk of giant financial firms, the bill should be amended to limit their size.

6.) Clamp down on the trade in exotic financial instruments such as derivatives
–- the things that threw AIG into crisis and required $180 billion in taxpayer bailout funds. At a minimum, all such instruments must be traded openly on exchanges and backed by sufficient collateral. Giant financial institutions should never again come to the government to make good on debts they can't pay.

Use the simple form below to write to Public Citizen or send a message to action(at)citizen(dot)org to let us know you made the call. 


November 18, 2017

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