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Posts Tagged ‘David Arkush’

Today, Congress took an important step to improve workplace safety. The House Committee on Education and Labor passed the Robert C. Byrd (named after the late Senator from West Virginia) Miner Safety and Health Act. The bill now advances to the House floor where it will hopefully come up for a vote soon. This is an important piece of legislation. David Arkush, director of our Congress Watch division, explained its potential effects in a statement released today:

The legislation addresses two key areas in particular: (more…)

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The army of “revolving door” lobbyists bidding for the financial services industry is even larger that we thought. After combing through Senate lobbying disclosure records, we reported in November that at least 940 lobbyists in the financial services sector.

This week, we partnered with the Center for Responsive Politics (CRP) on an update to that report that included data from CRP’s in-house revolving doors database (catching lobbyists who do not report to their employment histories on their lobbying disclosure forms) as well as Senate records showing an additional two reporting quarters.

The result: At least 1,447 of the lobbyists employed by the financial services sector since 2009 previously held a government job. That is nearly 56 percent of the 2,603 lobbyists, all told, who worked for the sector in the time period.

Among these “revolving doors” are 73 former (more…)

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While we expected lobbyists for opponents of strong derivatives reform to have something to say about the legislation to reform the industry, maybe we didn’t expect them to come out with such fervor. Turns out they outnumber the pro-reform lobbyists by 11-1, a Public Citizen report found. That’s right, when it comes to financial reform, Wall Street has thrown 903 lobbyists against our 79. This means we have to work 11 times as hard to make sure We, the People are protected in this legislation. We could use your help. Take action.

From the press release:

“Wall Street is fighting hard to keep its casino open for business,” said David Arkush, director of Public Citizen’s Congress Watch division. “They want to keep making risky bets, awarding themselves billions in bonuses and running to Uncle Sam for handouts when they lose. Their position is ridiculous and discredited, so it’s not surprising that they would hire nearly a thousand lobbyists to drown out reform advocates.”

Want to make sure your voice is heard when the Senate tries to rein in Wall Street? Sign the petition. Call your senators. Tell a friend. We can’t let Wall Street’s sheer man power overtake this much-needed overhaul of the abusive financial sector.

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