Last week, Republicans in the U.S. House of Representatives passed the Wrong Choice Act, a bill that would put the needs of Wall Street above hardworking Americans. The Wrong Choice Act advances President Trump’s efforts to dismantle consumer protections for seniors, service members and people saving for their retirement; endanger market stability; and undercut financial regulators’ ability to curb threats to the economy. Republicans are effectively helping out those who need it least, undoing critical safeguards, and setting the foundation for another Great Recession.
To date, 222,000 individuals signed a petition and over 300 groups and experts submitted letters opposing all or part of the Wrong Choice Act, including:
158 University scholars
19 Attorneys General
AARP
Affordable Housing Services
AFL-CIO
Alliance for Justice
Allied Progress
American Association for Justice (AAJ)
American Baptist Home Mission Societies
American Federation of State, County and Municipal Employees
American Federation of Teachers (AFT)
Americans for Financial Reform
Blue Summit Wealth Management
British Columbia Investment Management Corporation (BCIMC)
California Reinvestment Coalition (CRC)
California State Teachers’ Retirement System (CalSTRS)
Center for American Progress
Center for Economic Integrity
Center for Popular Democracy, “FED UP”
Center for Responsible Lending (CRL)
Ceres Investor Network
Christian Brothers Investment Services (CBIS)
Colorado PERA
Communications Workers of America (CWA)
Community Financial Resources
Congregation of St. Joseph
Consumer Action
Consumer Federation of America (CFA)
Consumer Law Project
ConsumersUnion
Corporate Governance
Council of Institutional Investors (CII)
Dignity Health
Domini Impact Investments
Dominican Sisters of Houston
Economic Policy Institute (EPI)
Fair Arbitration Now (FAN)
First Affirmative Financial Network
Fleet Reserve Association (FRA)
Franciscan Action Network
Friends Fiduciary
Housing and Economic Rights Advocates (HERA)
Institute for Agriculture and Trade Policy
Institutional Limited Partners Association (ILPA)
Institutional Shareholder Services (ISS)
Interfaith Center on Corporate Responsibility (ICCR)
International Brotherhood of Teamsters
International Corporate Governance Network (ICGN)
Investor Network on Climate Risk
Jefferson Economic Development Institute
JourneyWorks
Leadership Conference on Civil and Human Rights (LCCHR)