Get Free Trade Sneak Attack Out of Financial Reregulation Bill!

Action Alert – April 29, 2010

Get Free Trade Sneak Attack Out of Financial Reregulation Bill! Make sure both of your senators join the effort to root out the sneaky trade agreement attack on financial reregulation! Dear marti, Buried in the 1200-page Senate financial reregulation bill we found a sneaky provision that would undermine state-level insurance consumer protections if they conflict with trade agreements! Yup, the “Office of National Insurance” (ONI) proposal would empower the Treasury Department to unilaterally override existing state insurance regulations that it deems to be out of step with international agreements. Urge your Senators to cosponsor TODAY the “Merkley amendment” which strikes these unfair trade provisions from the bill. It is incomprehensible that, in the context of worldwide pledges to reregulate financial services and get destructive banks and insurance firms under control, any further deregulation would be considered by Congress – much less as part of Congress’ priority financial reregulation package!