In the News

Banking on Democracy

Author Alex Tausanovitch argues that the mere fact that a bank deregulation bill sits atop the legislative agenda is a reflection of the outsized influence of lobbyists and special interests in Congress.

Over the last 15 months, Congress had only one major legislative accomplishment: a tax bill that delivered most of its benefits to corporations and wealthy individuals. Now, Congress is on the verge of a second achievement: de-regulating multi-billion-dollar banks.

Americans of all political stripes ought to be wondering why, at a time when there are so many other public concerns, Congress is almost exclusively interested in the priorities of the extremely well-to-do. Guns, healthcare, immigration and other issues have been at the forefront of the public debate. Bank de-regulation… not so much.

The above excerpt was originally published in Morning Consult. Click here to view the full article.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.

Authors

Alex Tausanovitch

Director, Campaign Finance and Electoral Reform