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House Floor Vote on Budget Delayed over Special Interest "Riders" From Wall Street, Other Powerful Interests | Ed Mierzwinski

UPDATED: Opposition to a controversial provision authored by Citibank forced House leaders to delay consideration of the "CRomnibus" appropriations package just hours before funding for the federal government expired at midnight Thursday. Eventually the bill passed narrowly with the Wall Street provision intact. Action now shifts to the Senate, which has a 48-hour window to pass the bill, but any one Senator can block it under Senate rules. The provision would again allow Wall Street banks to place risky bets with taxpayer-backed funds, and require taxpayers to bail them out if the bets fail, repealing a key protection added in the 2010 Wall Street reform law. 

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News Release | U.S. PIRG | Democracy

Congress considers giving megadonors an even louder voice in our elections

Proposed revisions to campaign finance rules would allow big donors to give over $200,000 to party committees.  

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News Release | U.S. PIRG | Financial Reform

U.S. PIRG Condemns Backdoor, Backroom Appropriations Proposal To Gut Wall Street Reform

We join others, including Americans for Financial Reform and the Leadership Conference on Civil and Human Rights, in condemning this backdoor, backroom appropriations "rider" to weaken the Wall Street reform law's protections for taxpayers and Main Street from the risky derivatives swaps that led to the 2008 financial collapse and recession.

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News Release | U.S. PIRG | Tax

Senator Coburn (R-OK) Slams Corporate Deductions of Legal Damages

Senator Coburn publishes a guide to American taxation that describes how Congress and federal agencies should prevent corporations accused of wrongdoing from writing off their out-of-court settlements as a tax deduction.

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News Release | U.S. PIRG Education Fund | Public Health

Listeria Contaminated Eggs Yanked From 34 States

Friday’s announcement of widespread listeria contamination in eggs produced in Minnesota underscores the need for food inspections to happen at more regular intervals.

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News Release | U.S. PIRG | Transportation

House Proposal Threatens to Defund Public Transportation

Statement of U.S. PIRG Tax and Budget Associate Dan Smith on the House Ways and Means Committee title (H.R. 3864) of the surface transportation bill to fund all federal investment in transportation over the next five years.

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News Release | U.S. PIRG | Budget, Transportation

House Transportation Bill a Step Backwards, Lacks Serious Funding Mechanism

 

Statement of U.S. PIRG Tax and Budget Associate Dan Smith on the House transportation reauthorization bill introduced today.

 

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News Release | U.S. PIRG | Public Health

Popular Magnets Still Pose Danger if Swallowed

Small, but powerful magnets used in magnetic building toys and magnetic jewelry cause serious injury and death from swallowing. The Consumer Product Safety Commission should revisit this hazard and reconsider asking manufacturers to put prominent and very visible warnings labels on all products both for children and adults that contain these magnets.

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Reuters: Bank Transfer Day saw 600,000 switch

Bank of America (BofA) Gets Hit By $5 Debit Card Fee, Consumers Move Their Money From Big Banks. Read the story. Then, get more info at U.S. PIRG's Bank Fee Tips. Check out our April 2011 report Big Banks, Bigger Fees for more details.

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DEFEND THE CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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