Renewed Push To Curb Money Laundering Could Threaten Wall Street

By: Thursday November 7, 2013 8:52 am

New legislation being proposed in Congress meant to crackdown on illegal money laundering could pose a problem for Too Big To Jail banks on Wall Street that frequently make use of offshore business entities to avoid taxes and regulations. Bills proposed by representatives Maxine Waters and Carolyn Maloney would close many of the loopholes corporations [...]

House Oversight Democrats Told Birth Control Access Hearing “Not About Reproductive Rights”

By: Thursday February 16, 2012 7:40 am

Democrats on the House Oversight Committee complained loudly about the Republican majority’s refusal to allow minority witnesses at a hearing on the Administration’s birth control access rules. The panel, which is happening live right now, was announced by Chairman Darrell Issa with the participation of nine panelists, all of whom oppose the new rules, including [...]

Knives Already Out for Waters After Frank Retirement

By: Tuesday November 29, 2011 8:56 am

I looked yesterday at what Barney Frank’s retirement would mean for the all-important House Financial Services Committee. The next in line to represent Democrats as the leader of that committee is Maxine Waters, and I thought there would be significant pushback to her attaining that leadership role. It turns out that I was right. There’s [...]

Barney Frank’s Retirement Leaves Jockey for Position on Financial Services Committee

By: Monday November 28, 2011 9:24 am

As you may know, Rep. Barney Frank plans to retire, which means by next year, both lead co-sponsors of Dodd-Frank will be out of Congress, having secured a legacy of sorts through attaching their names to that legislation. Frank, who has been in Congress since 1980, reportedly sought retirement after redistricting maps were completed. Frank’s [...]

Progressive Open Campaign for Warren Recess Appointment to CFPB

By: Friday May 20, 2011 8:50 am

We are roughly two months away from the Consumer Financial Protection Bureau transferring into the Federal Reserve. If the agency doesn’t have a director by then, it risks losing powers over non-bank financial institutions until it acquires that agency head. This would upset the mission of the CFPB and reduce safety for consumers. The Administration [...]

Cummings Gets Oversight Committee Ranking Membership

By: Friday December 17, 2010 7:36 am

Nancy Pelosi announced some ranking memberships for the 112th Congress last night, and most of them were holdovers. But the Oversight Committee was a wildcard. Would the ranking membership go to Carolyn Maloney, next in line for the position and backed by outgoing ranking member Ed Towns? Or would Elijah Cummings, currently third in line, [...]

Towns Reverses, Throws Support to Maloney in Oversight Committee Ranking Membership Battle

By: Wednesday December 15, 2010 7:10 am

Last night, it appeared that Elijah Cummings would attempt to leapfrog seniority and obtain the ranking membership of the House Oversight Committee with the backing of outgoing ranking member Ed Towns. However, Towns reversed course last night, saying in a statement, “I support Carolyn Maloney to become Ranking Member of the Oversight and Government Reform [...]

Towns Stepping Down from Oversight, Setting Up Three-Way Battle for Ranking Membership

By: Tuesday December 14, 2010 3:27 pm

Ed Towns will give up his post as the Democratic ranking member of the House Oversight Committee, setting up a potential battle for that spot, opposite Darrell Issa, who has promised vigorous and probably endless oversight of the Obama Administration. There was plenty of belief inside the Democratic caucus that Towns was not cut out [...]

The Progressive Scorecard in the 2010 Primaries

By: Wednesday September 15, 2010 1:02 pm

I hate to disrupt the “GOP goes extreme” narrative the media has latched onto (hampered somewhat by the fact that Christine O’Donnell was the nominee for US Senate for Delaware, um, two years ago), but that wasn’t the only story coming out of last night’s end to the primary schedule. In fact, we saw a [...]

House, Senate Democrats Keep Mobilizing for Warren

By: Monday August 9, 2010 2:24 pm

Following up on the story about two top House Democrats seeking a personal meeting with the President to discuss the Elizabeth Warren nomination for the Consumer Financial Protection Bureau, the Senate side has two new endorsers, including the number two in the Democratic leadership. Heads up: Add Dick Durbin and Carl Levin to the list [...]

Maloney, Frank Seek Meeting With Obama to Discuss Elizabeth Warren CFPB Nomination

By: Friday August 6, 2010 2:06 pm

Reps. Carolyn Maloney (D-NY) and Barney Frank (D-MA) have sent are circulating a new letter to the President, requesting a personal meeting with him about nominating Elizabeth Warren as the head of the Consumer Financial Protection Agency. This is an escalation of the earlier action spearheaded by Maloney, which resulted in 63 members of the [...]

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