Fact Sheet: Recommendations for Financial Regulatory Agencies To Take Further Action on AI Fact SheetJun 17, 2024 Fact Sheet: Recommendations for Financial Regulatory Agencies To Take Further Action on AI This fact sheet offers recommendations for how U.S. financial regulatory agencies can draw upon numerous existing statutory authorities to address the risks of artificial intelligence (AI) to the financial services sector. Jun 17, 2024 Todd Phillips, Adam Conner
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
The Tax Cuts and Jobs Act Failed To Deliver Promised Benefits ReportApr 30, 2024 The Tax Cuts and Jobs Act Failed To Deliver Promised Benefits Benefits of the business tax changes in Trump’s 2017 tax bill were costly and did not trickle down to workers and families. Apr 30, 2024 Jean Ross
Citizens United Overreach: New CAP Report Reveals Legal Risk in For-Profit Corporate Boards’ Political Spending Past EventApr 24, 2024 Citizens United Overreach: New CAP Report Reveals Legal Risk in For-Profit Corporate Boards’ Political Spending Join CAP for a virtual discussion on Citizens United overreach. Apr 24, 2024 Tom Moore, Rep. Jamie Raskin, Sarah Haan, 3 More The Hon. Shana M. Broussard, Sen. Sheldon Whitehouse, Ben Olinsky
The CFPB Is Cleaning Up Junk Fees ReportApr 9, 2024 The CFPB Is Cleaning Up Junk Fees The Consumer Financial Protection Bureau has taken a series of actions to cut excessive and hidden junk fees in the financial marketplace, which will save consumers billions of dollars. Apr 9, 2024 Lilith Fellowes-Granda, David Correa
What Will Be in the Final SEC Climate Disclosure Rule? ArticleFeb 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
2024 Hawaii Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations TestimonyFeb 9, 2024 2024 Hawaii Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations Michael Sozan, a senior fellow at the Center for American Progress, filed written testimony before the Hawaii Senate in support of S.B. 3243, a bill that would strengthen campaign-related spending disclosure requirements and limit political spending by U.S. corporations with appreciable foreign ownership. Feb 9, 2024 Michael Sozan
Rebuilding the IRS Improves Customer Service and Reduces the Tax Gap ArticleJan 30, 2024 Rebuilding the IRS Improves Customer Service and Reduces the Tax Gap Funding from the Inflation Reduction Act helps ensure that the wealthy and large corporations pay what they owe and that customer service improvements continue. Jan 30, 2024 Jean Ross
2024 Washington Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations TestimonyJan 29, 2024 2024 Washington Bill Would Limit Political Spending by Foreign-Influenced U.S. Corporations Michael Sozan, a senior fellow at the Center for American Progress, filed written testimony before the Washington State House in support of H.B. 1885, a bill that would strengthen campaign-related spending disclosure requirements and limit political spending by U.S. corporations with appreciable foreign ownership. Jan 29, 2024 Michael Sozan
Regulators’ Bank Capital Proposals Don’t Go Far Enough To Improve Financial Stability ArticleJan 16, 2024 Regulators’ Bank Capital Proposals Don’t Go Far Enough To Improve Financial Stability While the 2023 bank capital proposals make important improvements to the regulatory framework, new CAP empirical analysis shows that additions to bank equity are modest and must be larger to substantially enhance the stability of the largest banks. Jan 16, 2024 Marc Jarsulic, Lilith Fellowes-Granda
CAP Testimony Before the SEC’s Investor Advisory Committee on Exemptions From Securities Laws TestimonyJan 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 ArticleJan 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
Tackling Climate Change and Environmental Injustice Tackling Climate Change and Environmental Injustice We pursue climate action that meets the crisis’s urgency, creates good-quality jobs, benefits disadvantaged communities, and restores U.S. credibility on the global stage.
Restoring Social Trust in Democracy Restoring Social Trust in Democracy Democracy is under attack at home and abroad. We must act to ensure it is accessible to all, accountable, and can serve as a force of good.
Building an Economy for All Building an Economy for All Economic growth must be built on the foundation of a strong and secure middle class so that all Americans benefit from growth.