Call Them In: Make The Call: Protect Dodd-Frank

Make The Call: Protect Dodd-Frank

 

Trump is trying to give big banks the free rein they had before the Obama administration. His so-called Financial CHOICE Act wouldroll back key sections of the Dodd-Frank Act, regulations placed under Obama that controlled several key misuses of power on Wall Street.

Here’s what Trump wants to take away or reduce under new legislation:

  • The Volcker rule: This rule prevents banks from making speculative trades with customers’ money. Before this rule, people lost their savings when banks’ investments went bad.

  • The Consumer Financial Protection Bureau: The agency that protects consumers from what it calls Unfair, Deceptive, Abusive Acts and Practices (UDAAP) in the financial sector.

  • The Orderly Liquidation Authority (OLA): This allows the government to let banks fail in an orderly, predictable process that reduces risk to the broader financial system. Without this, taxpayers are at risk of another costly emergency bailout from the government.

The last time banks had that much power, it led to a global financial crisis, which cost the American people over 8.7 million jobs. Make the call today to stop the Financial CHOICE Act, and ensure big banks stick to sustainable business practices for everyone.

YOUR SENATORS

Dianne Feinstein
Democrat
+1-2022243841
Kamala D. Harris
Democrat
+1-2022243553

 

Hello, my name is {NAME} and I live in California.

I am calling to ask Dianne Feinstein / Kamala D. Harris to vote against the Financial Choice Act which would eliminate Dodd Frank regulations.

Our tax dollars must not pay for another government bailout of Wall Street, and banks should adhere to the agreed-upon regulations that maintain sustainable business practices in order to avoid another economic meltdown.

Thank you.

Thank you for your action,
Call Them In Team

 

 

mt

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