Thursday, May 18th - Thank Senator Durbin for Special Counsel and Tell your Rep to prevent the next financial crisis

A Special Counsel has been appointed! Call to thank Senator Durbin

We spent the week calling for our Senators to help grind the Senate to a halt without an independent investigator. Yesterday evening, Rob Rosenstein, Deputy Attorney General, appointed a special counsel to pursue Trump's possible collusion with Russia. This is an amazing first step, and certainly there's still work to be done, but it's one we should celebrate. Give Senator Durbin a call and thank him for being such a strong voice in calling for an independent investigation. No need for a script. Just call and say thanks for pushing so hard for an independent investigation and applying pressure. 

Senator Durbin: 312-353-4952

As Nancy Pelosi said, this is the first step but it can't be the last. Ultimately we want an Independent Commission, outside the chain of command of the President. And we'll get back to applying pressure on this front, but for today let's enjoy an important first step.

Tell your Rep to prevent the next financial crisis

Note: This Action is provided by the nation Indivisible group, not written by Indivisible Chicago

The so-called "Financial CHOICE Act," introduced in April 2017 by Rep. Jeb Hensarling (R-Texas), is a bill currently being considered by the House of Representatives. Although the Act’s sponsors tout it as being focused on financial reform and Wall Street accountability, in reality it eliminates major consumer safeguards created in the wake of the disastrous financial crisis of 2008. The bill would weaken regulatory powers that pre-date the 2010 Dodd-Frank Act, and eliminate long-standing rights of shareholders to hold companies accountable for corporate misbehavior.

In essence, the Financial CHOICE Act would:

  1. Destroy the Consumer Financial Protection Bureau (CFPB) and obliterate consumer protections as we currently know them, including allowing banks to gouge consumers with debit card fees;
  2. Deregulate the banks and financial institutions whose greed brought on the 2008 financial crisis and resulting economic downturn;
  3. Eliminate opportunities for ordinary shareholders to formally engage with the companies in which they are invested.

Call your Representative and tell them to vote no on this bill and protect consumers first. Here's a sample script from Indivisible for our Reps who will most likely oppose. Other scripts can be found here.

Caller: Good morning/afternoon! Can you let me know Rep. Mary’s position on the Financial CHOICE Act (H.R. 10)?

Staffer: Thank you for calling. Rep. Mary opposes Rep. Hensarling’s bill.

Caller: That’s great! Please tell Rep. Mary thank you for opposing the bill. I’d like to hear her speak out on the House floor or in the media against repeal of the Dodd-Frank Act. She needs to make it clear that she wants to shield Americans from bad behavior by Wall Street and predatory lenders, and to keep the Consumer Financial Protection Bureau as an effective oversight and enforcement agency.

[If applicable to you:]  As an ordinary investor, I have shareholder rights that this bill will completely obliterate, and I would like to hear her stand up against any changes to the Shareholder Proposal Rule.

Staffer: I will certainly pass on your message to Rep. Mary.

Caller: Please do. This is extremely important to me and I will be watching closely for her public statements in opposition. Thank you for your time.

Jason Rieger