Financial Services and Retirement Security
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More on Financial Services and Retirement Security
Today the House passed the Financial CHOICE Act, a bill that will dismantle the most important aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Dodd-Frank is a pro-growth, pro-market oriented policy that has improved accountability in the financial system and protected consumers, investors, and the economy from abusive practices. If the CHOICE Act becomes law, financial institutions will once again be able to undertake risky practices and could trigger another financial crisis.
Washington, DC—Last week, the Securities and Exchange Commission (SEC) proposed rules to increase transparency in dark pool trading. The proposal comes after Congressman Bill Foster and members of the New Democrat Coalition Financial Services Task Force urged the SEC to make the changes.
Washington, DC – Earlier this week, members of the New Democrat Coalition Financial Services Task Force sent a letter to Securities and Exchange Commission (SEC) Chair Mary Jo White to highlight areas of equity market structure that would benefit from empirically-driven reforms to enhance transparency for investors and better facilitate capital formation. The letter, led by Rep.
Washington, D.C. – Rep. Ron Kind (D-WI), Chairman of the House New Democrat Coalition, issued the following statement on the State of the Union Address this evening:
Washington, D.C. – Rep. Jim Himes (D-CT), a Vice-Chair of the New Democrat Coalition, and Rep. John Carney (D-DE), the New Democrat Coalition’s Whip and Co-Chair of the Coalition’s Financial Services Taskforce, released the following statement urging the passage of the Terrorism Risk Insurance Program Reauthorization (TRIA):
Washington, D.C. – The pro-growth House New Democrat Coalition’s Financial Services Task Force Co-Chairs released the following statement in response to the passage of a reauthorization of the Terrorism Risk Insurance Act (TRIA) this afternoon:
In this morning’s print and online editions of The Hill, New Democrat Coalition Vice-Chair Rep. Jim Himes (D-CT) argued for America’s leaders to remember the lessons of Dodd-Frank four years to the week after it was signed into law. In the column, Rep. Himes argues that while leaders must “protect the accomplishments” of the law, it is also important for Congress to work find ways to improve it.
Washington, D.C. – The New Democrat Coalition announced some of its key priorities were included in Democratic Whip Steny Hoyer’s (D-MD) ‘Make it in America’ plan. The Coalition applauded this success in the following statement from its leadership:
PPI President Will Marshall highlights the proposal for a Regulatory Improvement Commission at a bipartisan press conference on May 20, 2014.
Read a translated version of the La Opinion piece highlighting the New Democrat Coalition's efforts below:
New Democrats, new Hispanics?
For the first time in the 113th Congress, the caucus created an immigration working group.
At the moment eight Latino legislators are part of the New Democrat Coalition.