Text and links from Occupy the SEC follow:
This bulletin contains an update on what Occupy the SEC (occupythesec.org) has been up to lately, and what you can do to get involved.
Congress is on the verge of deregulating derivatives TODAY – Sign our petition to stop them.
Congress has historically used the end of the year as an opportunity to pass controversial legislation with little publicity, often using amendments to unrelated bills. This year is no different.
TODAY (December 10, 2014) our legislators are on the verge of approving two key provisions that would significantly roll back crucial parts of the Dodd-Frank Act’s derivatives (swaps) restrictions. Those provisions are Section 630 of the Senate Amendment to H.R. 83 (Omnibus Bill) and Title III of the House’s current version of the Terrorism Risk Insurance Act of 2014 (TRIA).
These provisions are nothing more than an attempt by Wall Street lobbyists and their friends in Congress to eviscerate important derivatives reforms implemented by the Dodd-Frank Act.
We need YOU to contact your legislators as soon as possible and tell them that you OPPOSE these sneaky deregulatory moves. If passed, these provisions would pave the way for further gutting of Dodd-Frank, which in turn would surely jeopardize our nation’s economy, line the pockets of wealthy financiers, and damage the fiscal health of every day Americans.
Please sign our petition now by clicking on the following link, which will allow you to send automatic emails to your Congressional Representative and Senators.
You can also retweet our twitter posting on the petition.