The Financial Services Conflict of Interest Act (S. 1779, H.R. 3065), would block corruption by jamming the “revolving door” between Wall Street and agencies that are supposed to regulate Wall Street.
The Financial Services Conflict of Interest Act:
- Banning corporations from offering special “golden parachute” bonuses to CEOs or other employees who take jobs at Federal regulatory agencies that oversee the same companies.
- Prohibiting senior staff of Federal regulators from taking any official action that directly and substantially benefits a corporation or client they worked for in the past two years — or any corporation where they seek future employment.
- Requiring any financial sector regulator to wait two years after leaving public service before taking a corporate lobbying job or even assisting in a lobbying campaign.
The support includes these Presidential Candidates:
- Hillary Clinton
- Bernie Sanders
- Martin O’Malley
- Jeb Bush
Senator Elizabeth Warren has noted that the Financial Services Conflict of Interest Act is “a bill any Presidential candidate should be able to cheer for.”
CLICK HERE to read more about the Act.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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