5 Consequences of Private Equity’s Expansion in Health Care Services ReportOctober 30, 2025 5 Consequences of Private Equity’s Expansion in Health Care Services The rapid rise of private equity’s influence over health care providers such as hospitals, nursing homes, and physicians’ practices threatens competition, affordability, patient safety, and worker welfare. Oct 30, 2025 Brian Keyser, Alexandra Thornton, Claire Koyle
The Trump Administration’s Interference With Federal Reserve Independence Carries Significant Risks ArticleSeptember 25, 2025 The Trump Administration’s Interference With Federal Reserve Independence Carries Significant Risks By meddling with the Fed’s independence, the Trump administration risks higher inflation and monetary policy driven by political goals. Sep 25, 2025 Alexandra Thornton
The stablecoin legislation still being pushed in Congress risks sowing the seeds of a financial crisis In the NewsMay 15, 2025 The stablecoin legislation still being pushed in Congress risks sowing the seeds of a financial crisis In an op-ed published by Fortune, Alexandra Thornton explains why the crypto-friendly legislation congressional Republicans are pushing right now would be so bad for American consumers. May 15, 2025 Fortune Alexandra Thornton
CAP Comments on Proposed Guidance for Financial Contracts Based on Voluntary Carbon Credits ArticleMay 9, 2025 CAP Comments on Proposed Guidance for Financial Contracts Based on Voluntary Carbon Credits The Center for American Progress submitted a comment letter to the Commodity Futures Trading Commission raising concerns about the agency’s proposed guidance—now finalized—on the listing of financial contracts that are based on the value of specified voluntary carbon credits. May 9, 2025 Alexandra Thornton
CAP Comments on the SEC’s Proposed Approval of Amendments to FINRA Rule 2210 ArticleApril 25, 2025 CAP Comments on the SEC’s Proposed Approval of Amendments to FINRA Rule 2210 The Center for American Progress submitted a comment letter opposing the SEC’s approval of amendments to FINRA Rule 2210, regarding communications with the public. Apr 25, 2025 Alexandra Thornton
CAP Testimony Before the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development TestimonyApril 25, 2025 CAP Testimony Before the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development Alexandra Thornton testified before the House Agriculture Committee’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development regarding reauthorization of the CFTC. Apr 25, 2025 Alexandra Thornton
CAP Testimony Before the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence TestimonyApril 15, 2025 CAP Testimony Before the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Alexandra Thornton testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence regarding crypto market structure legislation and U.S. securities laws. Apr 15, 2025 Alexandra Thornton
Managing the Climate Change-Fueled Property Insurance Crisis ReportApril 2, 2025 Managing the Climate Change-Fueled Property Insurance Crisis As private insurers pull back services in the face of mounting losses, governments are looking to spread the costs of more frequent and severe natural disasters while confronting insurance availability and affordability challenges. Apr 2, 2025 Lilith Fellowes-Granda, Marc Jarsulic, Alexandra Thornton
CAP Testimony Before the House Financial Services Committee’s Subcommittee on Capital Markets About Investor Access to Capital TestimonyMarch 20, 2025 CAP Testimony Before the House Financial Services Committee’s Subcommittee on Capital Markets About Investor Access to Capital Alexandra Thornton testified before the House Financial Service’s Committee’s Subcommittee on Capital Markets in response to private market expansion proposals that would heighten risks for investors and the financial system. Mar 20, 2025 Alexandra Thornton
The Trump Administration Is Hurting Consumers’ Wallets by Kneecapping the CFPB ArticleMarch 20, 2025 The Trump Administration Is Hurting Consumers’ Wallets by Kneecapping the CFPB Americans’ hard-earned money is at risk as President Trump and Elon Musk dismantle consumer safeguards enforced by the Consumer Financial Protection Bureau. Mar 20, 2025 Lilith Fellowes-Granda, Alexandra Thornton
How Trump and Musk defanging the SEC puts your financial future at risk In the NewsMarch 4, 2025 How Trump and Musk defanging the SEC puts your financial future at risk In an op-ed published by Fortune, Alexandra Thornton explains why the Trump administration and DOGE's dismantling of the Securities and Exchange Commission puts Americans' financial futures at risk. Mar 4, 2025 Fortune Alexandra Thornton
Reauthorizing the CFTC: Stakeholder Perspectives In the NewsAugust 19, 2024 Reauthorizing the CFTC: Stakeholder Perspectives Alexandra Thornton testifies on the CFTC before the House Subcommittee on Commodity Markets, Digital Assets, and Rural Development. Aug 19, 2024 the House Committee on Agriculture Alexandra Thornton
CAP Comments on the CFTC’s Event Contracts Proposal ArticleAugust 8, 2024 CAP Comments on the CFTC’s Event Contracts Proposal The Center for American Progress submitted a comment letter to the Commodity Futures Trading Commission on the agency’s event contracts proposal. Aug 8, 2024 Alexandra Thornton
Why the crypto industry doesn’t want to be regulated by the SEC In the NewsJuly 24, 2024 Why the crypto industry doesn’t want to be regulated by the SEC In an op-ed published in The Hill, Alexandra Thornton explains why the crypto industry is pushing so hard to be regulated by the Commodity Futures Trading Commission. Jul 24, 2024 The Hill Alexandra Thornton
CAP Responds to Request for Information on Consolidation in Health Care Markets ArticleJune 24, 2024 CAP Responds to Request for Information on Consolidation in Health Care Markets The Center for American Progress submitted a response to the U.S. Department of Justice, Federal Trade Commission, and U.S. Department of Health and Human Services’ request for information on consolidation in health care markets. Jun 24, 2024 Natasha Murphy, Nicole Rapfogel, Alexandra Thornton, 3 More Marc Jarsulic, Andrea Ducas, Brian Keyser
The Lawsuit Against a New SEC Rule Could Harm Investor Protections ReportMay 31, 2024 The Lawsuit Against a New SEC Rule Could Harm Investor Protections The U.S. Court of Appeals for the 5th Circuit’s decision on the legal petition against the SEC’s private fund advisers rule could open the door to broad attacks on the regulatory framework that Congress authorized the SEC to develop and enforce for capital markets. May 31, 2024 Alexandra Thornton
Citizens United Gave Corporations, But Not Their Boards, the Authority To Spend in Candidate Elections ReportApril 24, 2024 Citizens United Gave Corporations, But Not Their Boards, the Authority To Spend in Candidate Elections Since 2010, corporate boards and management have been handing over the constitutional rights of individual U.S.-citizen shareholders to large shareholders and foreign nationals; shareholders can put a stop to this, and lawmakers, regulators, and courts can help them. Apr 24, 2024 Tom Moore, Alexandra Thornton
Companies will soon have to disclose how they’re managing climate-related risk. That’s good news for stock investors. In the NewsMarch 25, 2024 Companies will soon have to disclose how they’re managing climate-related risk. That’s good news for stock investors. Alexandra Thornton writes in MarketWatch about why a new climate disclosure rule from the U.S. Securities and Exchange Commission is good news for stock investors. Mar 25, 2024 MarketWatch Alexandra Thornton
Hearing on SEC Overreach: Examining the Need for Reform In the NewsMarch 21, 2024 Hearing on SEC Overreach: Examining the Need for Reform Alexandra Thornton testified before the the U.S. House Financial Services Committee Subcommittee on Capital Markets to discuss institutional reforms of the U.S. Securities and Exchange Commission. Mar 21, 2024 the U.S. House Financial Services Committee Subcommittee on Capital Markets. Alexandra Thornton
What Will Be in the Final SEC Climate Disclosure Rule? ArticleFebruary 29, 2024 What Will Be in the Final SEC Climate Disclosure Rule? The U.S. Securities and Exchange Commission’s March 2022 climate disclosure proposal provides a roadmap for its upcoming final rule requiring public companies to disclose climate-related information that will help investors make sound investment decisions. Feb 29, 2024 Alexandra Thornton
CAP Testimony Before the SEC’s Investor Advisory Committee on Exemptions From Securities Laws TestimonyJanuary 11, 2024 CAP Testimony Before the SEC’s Investor Advisory Committee on Exemptions From Securities Laws CAP’s Alexandra Thornton provided testimony to the SEC’s Investor Advisory Committee about the potential harm to investors and the economy of expanding exemptions from public disclosure requirements for private securities offerings. Jan 11, 2024 Alexandra Thornton
CAP Comments on the FASB’s Expense Disaggregation Disclosures Proposal ArticleJanuary 11, 2024 CAP Comments on the FASB’s Expense Disaggregation Disclosures Proposal The Center for American Progress submitted a comment letter to the Financial Accounting Standards Board on the board’s enhanced expense disaggregation disclosure requirements. Jan 11, 2024 Alexandra Thornton
CAP Comments on Department of Labor Fiduciary Rule Proposal ArticleJanuary 11, 2024 CAP Comments on Department of Labor Fiduciary Rule Proposal The Center for American Progress submitted comments to the Employee Benefits Security Administration supporting proposed changes to the regulation that defines fiduciary standards. Jan 11, 2024 Alexandra Thornton
Cryptocurrency Income Is Taxable Income ReportJanuary 11, 2024 Cryptocurrency Income Is Taxable Income Tax laws apply to digital assets just like any other assets. Jan 11, 2024 Alexandra Thornton, Jean Ross
Accessing Public Capital Without Public Disclosure Past EventOctober 11, 2023 Accessing Public Capital Without Public Disclosure Please join the Center for American Progress for an event to discuss the origin and potential risks of opaque private markets, and what can be done to avoid a future crisis. 1333 H St NW, Washington DC, 20005 Oct 11, 2023
CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets ReportSeptember 28, 2023 CFPB v. CFSA: How the Supreme Court Could Harm Consumers and Financial Markets The U.S. Supreme Court is considering a case challenging the autonomy of the single most important agency for the protection of consumers in the financial markets—and its decision could spread uncertainty and harm far beyond the agency. Sep 28, 2023 Lilith Fellowes-Granda, Devon Ombres, Alexandra Thornton, 1 More Crystal Weise
CAP’s Comments on Proposed Amendments to Auditing Standards Related to a Company’s Noncompliance With Laws and Regulations ArticleAugust 8, 2023 CAP’s Comments on Proposed Amendments to Auditing Standards Related to a Company’s Noncompliance With Laws and Regulations The Center for American Progress submitted comments to the Public Company Accounting Oversight Board supporting critical updates and enhancements to auditing standards aimed at helping investors avoid misplacing their trust in companies that are not complying with laws and regulations. Aug 8, 2023 Alexandra Thornton
Right-wing politicians playing ‘armchair financial advisor’ are putting Americans’ retirements at risk In the NewsAugust 5, 2023 Right-wing politicians playing ‘armchair financial advisor’ are putting Americans’ retirements at risk Alexandra Thornton writes in The Hill about why policymakers across the country need to protect Americans' right to invest. Aug 5, 2023 The Hill Alexandra Thornton
4 Things Bank Regulators Can Do to Help Prevent Bank Failures ArticleApril 27, 2023 4 Things Bank Regulators Can Do to Help Prevent Bank Failures In addressing the recent instability within the U.S. financial system, regulators must confront continuing risk and bank fragility. Apr 27, 2023 Marc Jarsulic, Alexandra Thornton, Lilith Fellowes-Granda
Executive Summary: How Exemptions From Securities Laws Put Investors and the Economy at Risk ArticleMarch 22, 2023 Executive Summary: How Exemptions From Securities Laws Put Investors and the Economy at Risk A new report from the Center for American Progress explains why Congress and the SEC should roll back public registration and reporting exemptions that undermine the basic bargain of the securities laws. Mar 22, 2023 Tyler Gellasch, Alexandra Thornton, Crystal Weise
How Exemptions From Securities Laws Put Investors and the Economy at Risk ReportMarch 22, 2023 How Exemptions From Securities Laws Put Investors and the Economy at Risk Congress and the SEC should roll back public registration and reporting exemptions that undermine the basic bargain of the securities laws; companies seeking to raise capital from the public must first disclose reliable information about their operations, finances, and governance. Mar 22, 2023 Tyler Gellasch, Alexandra Thornton, Crystal Weise
The Role of Leverage in the Failures of Silvergate, Silicon Valley, and Signature Banks ArticleMarch 16, 2023 The Role of Leverage in the Failures of Silvergate, Silicon Valley, and Signature Banks Now is the time for federal banking regulators to raise equity requirements to prevent banking history from repeating itself yet again. Mar 16, 2023 Marc Jarsulic, Alexandra Thornton
The Proposed Federal Acquisition Regulation Rule on Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk ArticleFebruary 22, 2023 The Proposed Federal Acquisition Regulation Rule on Disclosure of Greenhouse Gas Emissions and Climate-Related Financial Risk Federal contractors’ disclosure of climate-related financial risks and greenhouse gas emissions data should be fully integrated into the Federal Acquisition Regulation, and the recent proposal to do so is a strong step in the right direction. Feb 22, 2023 Alexandra Thornton
Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses In the NewsFebruary 8, 2023 Empowering Entrepreneurs: Removing Barriers to Capital Access for Small Businesses Alexandra Thornton testified before the the U.S. House Financial Services Committee Subcommittee on Capital Markets to discuss capital access for entrepreneurs and small businesses. Feb 8, 2023 the U.S. House Financial Services Committee Subcommittee on Capital Markets Alexandra Thornton
CAP’s Comment on the SEC Proposed Rule on Disclosures by Certain Investment Advisers and Companies About ESG Investment Practices ArticleAugust 17, 2022 CAP’s Comment on the SEC Proposed Rule on Disclosures by Certain Investment Advisers and Companies About ESG Investment Practices The Center for American Progress submitted a comment letter to the Securities and Exchange Commission regarding the commission’s proposed rule on enhanced disclosures by certain investment advisers and investment companies about ESG investment practices. Aug 17, 2022 Alexandra Thornton
CAP’s Comment on the SEC Investment Company Names Proposed Rule ArticleAugust 17, 2022 CAP’s Comment on the SEC Investment Company Names Proposed Rule The Center for American Progress submitted a comment letter to the Securities and Exchange Commission on the commission’s proposed rule on investment company names. Aug 17, 2022 Alexandra Thornton