The Consumer Federation of America expresses strong opposition to a number of the bills scheduled for mark-up in the Financial Services Committee this week. Each of these bills to varying degrees further erodes important aspects of the securities laws that have helped to foster the transparency and investor protection that long made our markets the envy of the world. As a package they continue a dangerous trend in this Committee of examining capital formation issues exclusively through the eyes of issuers, ignoring the concerns of the investors we rely on to provide the capital that enables American businesses to grow and prosper.