Today, CFA sent a letter to the House Committee on Financial Services opposing dozens of anti-consumer and anti-investor bills that will to be considered in the April 26th markup, several of which are anticipated to pass on a bipartisan vote. Many of the bills to be considered would deprive retail investors of key protections and information and would further expand private markets at the expense of public markets.
The committee will also consider several bills that would further imperil the funding structure of the Consumer Financial Protection Bureau and irreparably harm its ability to protect consumers in the financial marketplace.
The committee’s deregulatory agenda, if enacted, carries dire risks for investors, market transparency, efficiency, and accountability, and would further destabilize financial system writ large.