Action: Demand banks be held accountable – Senate vote Tuesday Mar. 6th on S. 2155
On Tuesday, March 6th, the Senate is scheduled to vote on S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. This bill would roll back vital banking and financial safeguards put in place after the global financial crisis, Dodd-Frank regulations. These safeguards protect the American public against risky and reckless banking practices, including allowing hedge funds to share the names of banks, and pushing regulatory “stress tests” for banks to a $250 billion-dollar-sized institutions instead of the $50 billion level now in place.
We all know what happens when banks are allowed to tamper irresponsibly with financial systems: high-risk mortgages, financial crises, consumer bankruptcy, taxpayer bailouts. Call our Senators and demand they fight the passage of this bill.
- Sen. Patty Murray: (202) 224-2621, (206) 553-5545
- Sen. Maria Cantwell: (202) 224-3441, (206) 220-6400
"I’m furious that a great number of banks and financial institutions would be exempted from certain Dodd-Frank regulations by the passage of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. How can we allow financial institutions to evade this important oversight after their reckless and negligent behavior resulted in the global financial crisis a few years ago? American taxpayers will pay the price again. I’m asking the Senator to fight this bill today, and to work with her Congressional colleagues to make sure this bill does not pass on Tuesday."
“Bill to Erase Some Dodd-Frank Banking Rules Passes in House,” New York Times, https://www.nytimes.com/2017/06/08/business/dealbook/house-financial-regulations-dodd-frank.html
Log your call here: https://goo.gl/forms/lbHUvI9h58f0dLqx1
- EVENTS THIS WEEK
MONDAY: DACA Deadline Vigil and Postcard Collection, Monday March 5 at 7pm at St. Matthew / St. Mateo Episcopal Church in Auburn
"On the day of the DACA Deadline, we'll be gathering in Congressman Reichert's District, sharing stories from our communities, collecting postcards to deliver to our congressional offices demanding they act now, and holding a vigil for those whose lives hang in the balance." https://www.facebook.com/events/412284429213907/
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TUESDAY: Resist Trump Tuesday continues on Tuesday, March 6 at 11:45 a.m. outside the Henry M. Jackson Federal Building, followed by a meeting with our Senators’ Staffers!
We will be hearing from Vicki Rhodes from Whole Washington on Universal Healthcare, and from organizer Charlie James. https://www.facebook.com/events/576917569321926/
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TUESDAY: Weekly Seattle Indivisible Meeting Featuring Marquese Averett from Fuse, Tuesday, March 6 at 7pm at Woodland Park United Methodist Church.
Marquese is an activist by passion and an organizer by training. Born and raised in Columbus, Georgia, he is no stranger of taking on tough issues. He has worked on many campaigns (from electoral to issue based) all across the country. He is now a senior organizer for the S. King County section of Fuse Washington. Fuse has been doing this progressive work for 10 years, and we have a lot to learn from Marquese and his comrades. Please come, bring a friend, and join in the discussion.
The Woodland Park UMC can be reached by King County Metro routes 5 and 45.