Action Alerts · Call Your Senators · Stand Up for Civilization · Stand Up for Norms

Call Your Senators to Oppose S. 2155, Which Would Weaken Dodd-Frank Protections Put In Place After the 2008 Financial Meltdown

Call your Senators and ask them to vote no on S. 2115, which would weaken Dodd-Frank protection put in place after the 2008 financial meltdown.

 

Senator Elizabeth Warren is rightly screaming her head off about this. If passed, the bill–dubbed the Economic Growth, Regulatory Relief, and Consumer Protection Act–would weaken laws governing banks, and potentially lead to a repeat of the mess that led to the 2008 financial meltdown that nearly caused a global depression.

 

All the Republican senators are for it but surprisingly, the bill has several Democratic supporters, notably including some who are up for re-election this year and seen as vulnerable: Jon Tester of Montana, Claire McCaskill of Missouri, and Heidi Heitkamp of North Dakota, to name a few. Maybe that explains their support, maybe it doesn’t.

 

The vote to invoke cloture (aka formally open Senate discussions) was Monday, but there is still time to call your Senators and ask them to vote no.

 

According to HousingWire, the Senate has postponed the vote because its members can’t agree on which of the 100-odd proposed amendments should be included in the bill (Scroll down for a link to this story.)

 

You should bother to call about this even if one of your senators is Elizabeth Warren. Obviously, she’s against this bill with every cell of her body, but when her constituents call to back her up, it proves to her that she’s doing what they elected her to do.

 

Below is a script on the matter composed by Celeste Pewter, who you should be following on Twitter (@Celeste_Pewter). Below that are more ways to thank Pewter for her work.

 

 

 

In addition to following Pewter on Twitter (again, her handle is @Celeste_Pewter) you can support her in other ways.

 

After you call your MoCs, tweet about the experience using the #ICalledMyReps hashtag.

 

Pewter founded The Road to 2018, an organization devoted to defending Democratic Senators who are vulnerable and up for re-election this year. See our post on it:

https://onethingyoucando.com/2018/02/25/support-the-road-to-2018-which-defends-democratic-senators/

 

Subscribe to Pewter’s peerless newsletter, It’s Time To Fight:

http://itstimetofight.weebly.com

 

 

Subscribe to One Thing You Can Do by clicking the button on the upper right of the page. And tell your friends about the blog!

 

 

See the GovTrack entry on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act:

https://www.govtrack.us/congress/bills/115/s2155

 

 

See the Housingwire piece that says the Senate is having trouble agreeing on which of the 100-plus amendments to include:

https://www.housingwire.com/articles/42723-senate-postpones-vote-for-dodd-frank-reform-bill

 

 

Read stories, including Op-Eds, about the bill:

http://www.latimes.com/business/la-fi-senate-banking-regulations-20171205-story.html

https://www.vox.com/policy-and-politics/2018/3/6/17081508/senate-banking-bill-crapo-regulation

https://www.vox.com/explainers/2018/3/6/17081532/republicans-dodd-frank-financial-regulations

(The NYT piece below is an Op-Ed)