CEI has fought excessive regulation in the financial sector from laws such as Sarbanes-Oxley and Dodd-Frank. We have scored major bipartisan victories for deregulation. These include the Jumpstart Our Business Startups (JOBS) Act, signed by President Obama in 2012, that lifted or relaxed some of the biggest burdens preventing small and midsize firms from raising capital and going public; and the Economic Growth, Regulatory Relief, and Consumer Protection Act, signed by President Trump in 2018, that lifted some of Dodd-Frank’s crushing burden on community banks and credit unions. We continue to fight to remove regulatory barriers that limit choices and increase costs for entrepreneurs, investors, and consumers.
Banking and Finance Issue Areas
Featured Posts
News Release
No surprises with April’s inflation report: CEI analysis
Inflation rose 0.3 percent in April compared to 0.4 percent in March. While this wasn’t a surprise for economists, the news indicates a tough…
Blog
Navigating the maze of federal regulations in 2024: What to know
In a bureaucratic whirlwind, the 2024 Federal Register is attaining new heights, topping 41,000 pages today. An unsettling new norm for the past few weeks…
Issues & Insights
Want Higher Air Fares? Overregulate Credit Cards
Yesterday, the Consumer Financial Protection Bureau and the Department of Transportation held a joint hearing “investigating” airline and credit card reward programs. The Director and Secretary of…
Search Posts
Wall Street Journal
The 20-Year Experiment Holding America Back
Many commentators these days, both progressive and conservative, decry a lack of opportunities for the American middle class, the concentration of certain industries under a…
News Release
GDP Woes Worsened by Lawmakers’ ‘Ready, Fire!, Aim” Spending Spree
Gross domestic product fell by 0.2 percent in the second quarter, according to the U.S. Commerce Department. Already there was a 0.4 percent decline in…
News Release
CEI Report: Stablecoin Benefits Threatened by Lawmakers, Regulators
Stablecoins can revolutionize payment systems, provide a stable store of value for people living under totalitarian or corrupt regimes, and lower transaction costs (particularly for…
Blog
As Congress Mulls Stablecoin Law, CEI Shows the Way
Reports sprung last weekend that consensus stablecoin legislation from the House Financial Services Committee was near ready. While Congress is unlikely to debate…
Study
A Market Approach to Regulating Stablecoins, the Future’s Money
Executive Summary The cryptocurrency sector experienced its most successful year to date in 2021. Familiar digital assets Bitcoin and Ethereum hit record values, as the…
News Release
Statement by CEI Senior Fellow Ryan Young on the Fed’s Interest Rate Hike
The Federal Reserve today announced a 0.75 percentage point increase in the federal funds rate. It is the fourth such increase this year, and part…
Blog
Getting Inflation Wrong and Making It Right
Everyone makes mistakes. Owning up to them is an underrated life skill that is almost non-existent among political pundits. Doubling down when threatened is a…
Blog
UK Leads on Crypto Privacy
The much-hyped “crypto winter” has emboldened cryptocurrency critics. The usual charges of “Ponzi scheme” (Robert Reich) and “The Big Scam” (Paul Krugman) have…
Blog
Financial Regulators’ Climate Fetish
Financial regulators’ attention, both in the United States and globally, seems focused on issues far afield from their core mission at a time when turmoil…
Blog
Inflation Sped Up in June: What’s Going On?
Last month, it had looked like inflation may have peaked. That celebration was likely premature. According to numbers released this morning, the Consumer…
Forbes
Optimism On Administrative State Reform—With A Big Caution
There’s hopeful anticipation on the right of reforming the administrative state. In particular, many observers, pundits and policymakers take heart in …
News Release
U.S. Economy Adds 372,000 Jobs in June – Good News for Recession Worries
The U.S. economy added 372,000 jobs in June 2022, according to a new tally released today by the government. Meanwhile, the unemployment rate held steady…
Forbes
Framing An “Abuse-Of-Crisis Prevention Act” To Confine The Federal Government
I’ve been through a few of these. I was here at 9/11, I was here during the financial crisis in ‘08, I was here during…
Blog
DAOs: One Answer to Woke Corporations
Imagine a group of mothers upset about Disney’s opposition to a state parental rights bill in Florida. Instead of merely venting in a Facebook group,…
Real Clear Markets
Blame Government, Not Bitcoin, for El Salvador’s Crypto Troubles
The Laser Eyes that have become a signature MEME of crypto enthusiasts are gone from El Salvador President Nayib Bukele’s Twitter profile—a likely…
Blog
Defeat of Pot Banking Liberalization Will Lead to More Violent Crime and Reduced U.S. Competitiveness
It is beyond disappointing that Congress once again dropped the Secure and Fair Enforcement (SAFE) Banking Act—bipartisan legislation that would prevent the federal government from…
Blog
SEC Climate Rule a Bad Deal for Investors
This Securities and Exchange Commission proposed a new rule on climate change and corporate disclosure earlier this year, and today marks the end…
Comment
CEI Comments on Proposed SEC Rule: Enhancement and Standardization of Climate-Related Disclosures for Investors
Comments submitted by the Competitive Enterprise Institute et al. June 17, 2022 In the matter of the proposed rule “The Enhancement and Standardization of Climate-Related…
Letters
Coalition Opposes SEC’s Proposed Rule: Enhancement and Standardization of Climate-Related Disclosures for Investor
Vanessa Countryman, Secretary Securities and Exchange Commission 100 F Street NE Washington, DC 20549-0609 The undersigned individuals and organizations strongly oppose the Securities and Exchange…
Comment
CEI Comments to SEC on Proposed Climate-Related Disclosures Rule
Comment letter submitted by the Competitive Enterprise Institute, et al. June 2022 In the matter of the proposed rule “The Enhancement and Standardization of Climate-Related…
National Review
The Case for Letting Crises Go to Waste
If there is an iron law in politics, it’s that when crisis hits, government grows. Rahm Emanuel, President Obama’s chief of staff, advised that politicians should…
CrowdFund Insider
Competitive Enterprise Institute Securities Expert on Crypto Legislation: “It will have many positive effects”
CrowdFund Insider cites CEI Senior Fellow and Director of Finance Policy John Berlau on crypto: Berlau, a senior fellow and Director of Finance…
InsideSources
Critics Get ‘Whiff of Racism’ in Progressive Attempts to Shut Down Tribal Lenders
InsideSources cites CEI Director of Financial Policy and Senior Fellow John Berlau on interest rates: John Berlau, Director of Finance Policy and Senior…
Blog
Crypto Volatility Heightens with Panic-Driven Regulation
In reaction to the volatile events of the last few weeks, both the stock and cryptocurrency markets have taken a deep dive. While this downturn…
Blog
CPI Slightly Up, Inflation Slightly Down?
The Consumer Price Index (CPI) for May increased to an annualized 8.6 percent rate over the last year, reaching another new 40-year high. Even so,…
Comment
CEI Comments to Senate Banking Committee on JOBS Act 4.0
Senator Pat ToomeyRanking Member, Senate Banking Committee455 Dirksen Senate Office BuildingWashington, D.C 20510Dear Senator Toomey,On behalf of the Competitive Enterprise Institute (CEI), it is our…
News Release
Bipartisan Cryptocurrency Bill Takes Good Steps for American Innovation
Today, Senators Lummis and Gillibrand released their much anticipated bill on cryptocurrency regulation. CEI financial policy expert John Berlau praised aspects of the bill…
Blog
The Stablecoin Contagion That Wasn’t
A rare, recent real-life test case allowed observers to contrast government warnings with real-world events. Reining in cryptocurrency markets has become a key priority for…
News Release
SEC Climate Disclosure Mandate Exceeds Agency’s Statutory Authority, Raises Constitutional Concerns
WASHINGTON—The Securities and Exchange Commission’s (SEC) plan to mandate companies disclose energy use and planning for climate change-related financial risks lacks authorization from Congress, infringes…
Study
The SEC’s Costly Power Grab
The concept known as environmental, social, and governance (ESG) investing has gained an increasingly high profile in recent years, with advocates producing a large volume…
Forbes
Inflation And Biden’s Whole-Of-Government Price Hike
The Trump era saw countless news stories quoting unnamed officials speaking disapprovingly of their boss “on the condition of anonymity.” Because of …
Blog
George Washington, George Jarkesy, and the Administrative State’s Lack of Fundamental Justice
The recent ruling by the U.S. Court of Appeals for the Fifth Circuit in Jarkesy v. SEC is a victory for limited constitutional government…
Wall Street Journal
A Judicial Ruling Challenges the SEC’s Illegal Power
The Fifth Circuit says the agency violates the Constitution by acting as prosecutor, judge and jury. The U.S. Constitution’s separation of powers was meant to…
Blog
Fifth Circuit Upholds the Right to A Jury Trial Against the SEC
John Thomas Financial CEO Thomas Belesis was riding high, having been awarded the 2011 Businessman of the Year Award from the New York Republicans. While…
Blog
Credit Union Liberalization Bill Clears Away Never-Needed Red Tape
When I testified last July at a high-profile hearing on financial inclusion, I urged members of the House Financial Services Committee to liberalize regulations…
Blog
Terra Troubles Should Not Spur Stablecoin Regulation
The crypto market is suffering a severe correction. One asset feeling the pinch is LUNA, which, along with its related nonprofit the Luna Foundation Guard…
News Release
Inflation Still 4x Higher than Target Rate, New Government Numbers Show
The inflation rate isn’t much changed from last month’s high figure, 8.3 percent compared to 8.5 percent, new government data shows. CEI Senior Fellow Ryan…
Blog
What Is Core Inflation?
The new inflation numbers are out, and they aren’t pretty. The Consumer Price Index (CPI) went up 0.3 percent during April, and is up…
Blog
Biden’s Inflation Speech: Top Domestic Priority
President Biden gave remarks on Tuesday declaring inflation his top domestic priority. Like many people, he seems not to understand that inflation is a…
Forbes
Congress Is Causing Rising Regulatory Burdens. That Needs Fixing
Mid-terms are approaching, and that means market-oriented policy groups, classical liberals, libertarians and others will resume the tradition of dusting off, polishing and updating …
Blog
Countries Move Forward with CBDCs Despite Public Mistrust
New research from the Bank for International Settlements (BIS) reveals that countries are plowing ahead with central bank digital currencies (CBDCs) despite little public…
Blog
CEI Joins Groups in Telling SEC to Stay Away from Private Markets
It’s bad enough that Congress and the Securities and Exchange Commission (SEC) have made it so costly for smaller companies to go and stay public…
Blog
Environmental and Social Factors in Investing too Vague for Legal Definitions
Recently, Securities and Exchange Commission (SEC) chairman Gary Gensler released a video explaining his concerns about investment products that market themselves using terms like…
Blog
Fed Hikes Interest Rate: Bigger News on Bond Portfolio Mostly Neglected
The Fed this week announced a half percentage point hike in its federal funds rate. This is the right thing to do, but it…
Blog
GDP Shrinks: The Good and the Bad
The advance estimate for 2022’s first quarter gross domestic product (GDP) is in, and the news is not good. Adjusting for inflation, GDP shrank…
Blog
Crypto and Crowdfunding Could Spur U.S. Economy
Crypto and equity crowdfunding (Reg CF) are two relatively new concepts that are combining to create new economic models that could overtake current economic paradigms.
Blog
SEC’s War on Crypto Savers Continues
Securities and Exchange Commission (SEC) Chairman Gary Gensler claims he is “animated every day” to protect working families through securities laws. It’s a nice…
Blog
Lisa Cook’s First Amendment Problem Should Concern Senators
As early as Tuesday, the U.S. Senate could vote on the nomination of Lisa Cook to be a governor of the Federal Reserve, along with…
Comment
Joint Comments on the Securities and Exchange Commission’s Incursion into Private Markets.
RE: Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews (SEC Release Nos. IA-5955; File No. S7-03-22) Dear Ms. Countryman: The undersigned organizations appreciate…
Blog
My Response to the CFPB’s “Junky” Regulatory Inquiry on Fees
In response to the Consumer Financial Protection Bureau’s (CFPB) “request for information” on what its Director Rohit Chopra has labeled as “junk fees” on financial…