CFA and Other Public Interest Groups Urge Congress to Reject Legislation That Would Loosen Wall Street Regulation
In a letter to members of Congress, CFA and other public interest groups are calling on legislators to reject three pieces of legislation -- HR 5 (the Regulatory Accountability Act), HR 78 (the SEC Regulatory Accountability Act), and HR 238 (the Commodity End User Relief Act) -- that would severely damage the capacity of the Federal government to protect the public. This legislation would disastrously weaken oversight of major Wall Street institutions and financial markets. Proper oversight of big banks and financial markets is crucial to the economic well-being of workers, families, and communities.
