Todd Phillips is the director of financial regulation and corporate governance at American Progress. He has worked on issues as diverse as consumer financial protection, derivatives and securities market structure, bank capital and prudential regulation, and the laws governing agency rulemaking and adjudication. Phillips has experience in both Congress and the executive branch, having served as an attorney for the Federal Deposit Insurance Corporation, the Administrative Conference of the United States, and the Oversight and Reform Committee of the U.S. House of Representatives.
Phillips’ writing has been published by The American Prospect, the Yale Journal on Regulation, and the Administrative Law Review, among others. Phillips holds a J.D. from the University of Michigan and a B.S. in economics and political science from Arizona State University.
As the U.S. banking industry becomes increasingly concentrated into fewer, larger firms, federal regulators must reform the process by which they approve new mergers.
Congress Must Not Provide Statutory Carveouts for Crypto Assets
Crypto assets are subject to existing federal statutes, and regulators should enforce those laws just as Congress has authorized; meanwhile, Congress should focus on filling in the statutory gaps.
The SEC’s Scope 3 Climate Emissions Rule Should Not Be Based on Materiality
The SEC’s forthcoming rule on climate risk disclosures should be released expeditiously and, among other items, require concrete and specific disclosure of a company’s Scope 3 emissions.
A Climate and Competition Agenda for the Commodity Futures Trading Commission
The Commodity Futures Trading Commission must ensure that derivatives markets facilitate the transition to a carbon-neutral economy; are capable of withstanding climate risks; and are competitive, transparent, and safe for all market participants under the commission’s jurisdiction.
