Friday, July 17, 2009 3:23 PM
Biz Lobbyists Move to Stop Consumer Agency
The U.S. Chamber of Commerce, which seems poised to join the lobbying fight against the Obama administration proposal for a new Consumer Financial Protection Agency, hosted a meeting on Tuesday with about two-dozen large financial services groups to discuss a possible coalition effort.
The chamber meeting included lobbyists from such powerhouses as the American Bankers Association, the American Land Title Association, the Financial Services Roundtable and the American Financial Services Association. The AFSA presented new polling data on the proposed agency that suggested the kinds of messages that could be used against it. In the last few weeks, the AFSA has hosted a few meetings with some of the same trade group lobbyists to lay the groundwork for a lobbying blitz aimed at thwarting the proposed agency, which industry fears would have a very broad regulatory reach.
"Everybody's working towards the shared goal to slow this down," said one lobbyist familiar with the meeting. Right now, he added, everyone would "vote to kill it." Earlier on Tuesday, about a dozen financial services lobbyists from some of the same groups went to Capitol Hill for a meeting with key staff of Rep. Spencer Bachus, R-Ala., the ranking member on the House Financial Services Committee, to talk about strategies.
A draft letter opposing the new agency is circulating among the different trade groups, says one lobbyist, who adds that it should be sent up to the Hill next week as a joint letter. Financial Services Committee Chairman Barney Frank, D-Mass, who has championed the proposed new agency, has indicated he'd like to mark up a bill by the end of July.
At a committee hearing on Thursday the proposed legislation was endorsed by a number of consumer groups, including the Consumer Federation of America and U.S. PIRG. A new alliance, dubbed Americans for Financial Reform, has been cobbled together by almost 200 backers of the new agency and has been trying to build grassroots backing for the idea.
-- Peter H. Stone
Adam Logan
Tuesday, February 1, 2011
The U.S. Chamber of Commerce, which seems poised to join the lobbying fight against the Obama administration proposal for a new Consumer Financial Protection Agency, hosted a meeting on Tuesday with about two-dozen large financial services groups to discuss a possible coalition effort. Regards, Mary cna and free cna training
Mike Jones
Monday, January 24, 2011
The U.S. Chamber of Commerce, which seems poised to join the lobbying fight against the Obama administration proposal for a new Consumer Financial Protection Agency, hosted a meeting on Tuesday with about two-dozen large financial services groups to discuss a possible coalition effort. The chamber meeting included lobbyists from such powerhouses as the American Bankers Association, the American Land Title Association, the Financial Services Roundtable and the American Financial Services Association. Mike @ sweating and how to stop sweating
george morisson
Monday, November 29, 2010
The AFSA presented new polling data on the proposed agency that suggested the kinds of messages that could be used against it. In the last few weeks, the AFSA has hosted a few meetings with some of the same trade group lobbyists to lay the groundwork for a lobbying blitz aimed at thwarting the proposed agency, which industry fears would have a very broad regulatory reach. christmas gifts for grandparents - christmas gifts for girlfriend
Chas
Friday, July 17, 2009
As a small business owner I am afraid many ramifications of healthcare reform legislation are not being discussed. In the interest of brevity I will point out a major problem.
There are thousands of small businesses in our country that barely scrape by or certainly don't make money hand over fist as everyone in the left-wing seems to think.
By way of example, I operate hair care salons and employ many people (about 100) that make around 9-11 dollars an hour. Paying their health benefits as outlined in the house bill will cost approximately $250,000 per year. I don't make that much. So as a result I will go bankrupt, my employees will lose their jobs. The legislation makes no provision for companies that do not make enough to cover the additional expense of insurance premiums. The legislation will kill service industries even quicker than businesses outside of service (manufacturing for instance).
The legislation proposed will destroy small businesses by the thousands! And take our economy down as well.
If they are going to shove this down our throats is there a better way to fund reform. Should we consider a NATIONAL SALES TAX? At least that way all of us would contribute on a sliding scale. The rich would pay more because they consume more and the poor would pay less for obvious reasons.