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
Blog
Sports dominate prediction markets, but don’t bet on that being the whole story
Less than two years ago, the biggest controversy surrounding prediction markets was their enabling of speculation on elections. Then in early 2025, with…
Blog
Let’s end ‘reputational risk’ debanking once and for all
Although this legislative session is near its end, Congress still has the opportunity to take an important step to ensure that financial regulation is…
Blog
Vance wants to break the dollar’s global reserve currency status: Why American consumers would pay
A recently resurfaced video of Vice President J.D. Vance has brought renewed attention to his argument that the US dollar’s status as the…
Search Posts
Blog
FedNow Isn’t a CBDC, But Still Contains Many Dangers
Over the past few days, “FedNow” has been trending on Twitter in tweets that contain healthy doses of curiosity and skepticism, well-founded concerns about…
Letters
Coalition Letter Re: Opposition to Enhanced Deposit Insurance
Dear Members of Congress: We, the undersigned organizations, and individuals, oppose any legislative or regulatory action that would increase the deposit insurance cap…
Blog
Debt Limit: When You Run Out of Other People’s Money, Keep Spending Anyway
Spending and deficit control are indispensable to a the long-term economic health and stability of a nation. But today, fiscal restraint is visible only…
Forbes
Regulatory Reform’s Role In Addressing The Debt Limit
Spring is here, the first quarter is over, and the federal debt limit is back in play. Again. The cap was last …
Blog
Finance Facts Trump Biden’s Blame Game on Banking Woes
Donald Trump dominated the news in more ways than one yesterday, as Biden officials attempted to place the Trump administration at the center of…
Washington Examiner
Sen. Mike Braun cuts path to slow Biden’s ‘noxious’ agenda
It drew applause from deregulation advocates. “Sen. Braun’s efforts to strike Biden’s regulatory excesses are vital,” said Clyde Wayne Crews…
National Review
The Fed’s Risky Rate Increase Helped Its Credibility to Reduce Inflation
The Federal Reserve raised the federal funds rate again on Wednesday, in its latest move to bring inflation back down to normal. Most…
Blog
The Many Harms of Unlimited Deposit Insurance
Unlimited deposit insurance – the government guaranteeing that bank accounts of any size be made whole-in the event of a bank failure – would…
Blog
Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue…
Blog
Silicon Valley Bank, ESG, and Political Favoritism
Last weekend we all saw the beginnings of what has now become a major meltdown for Silicon Valley Bank. The bank was quickly closed…
News Release
Biden Veto Means ESG Investment Rule Means Politicized Investing for Pensions
President Biden today vetoed a resolution passed by Congress that would have stopped a Labor Department rule on ESG investing. Specifically, the rule, “Prudence…
Blog
Congress, Please Reform the Consumer Financial Protection Bureau
My Competitive Enterprise Institute (CEI) colleague Devin Watkins recently testified on Capitol Hill before the House Financial Services Subcommittee on Financial Institutions and…
Blog
The Risks of Bailing Out Silicon Valley Bank’s Uninsured Depositors and How to Make the Banking System Resilient
On Sunday evening, the Biden administration decided that all customers of the failed Silicon Valley Bank will have their millions and possibly billions in…
News Release
CEI Economist: Inflation Remains High, Fed should Keep Raising Rates
The Consumer Price Index rose 0.4 percent in February, according to the U.S. Bureau of Labor Statistics. Amounting to an annual inflation rate…
Blog
Congress Should Appropriate Money for the CFPB Through the Congressional Appropriation Process
Last week, I had the honor of testifying before the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on how Congress…
News Release
Congress Shouldn’t Compound Silicon Valley Bank Collapse with Bailouts and Bad Ideas
The Silicon Valley Bank collapse has spurred some terrible policymaking ideas in Congress, exacerbating bad decisions by the bank that has led to its…
Bloomberg
Biden Vows to Hold Banks Accountable, Urges Stronger Rules (2)
John Berlau, director of finance policy at the Competitive Enterprise Institute, said “prudent banks suffering the fallout from SVB should…
Testimony
Testimony of Devin Watkins before the House Financial Services Committee on 03/09/23
Introduction Chairman Barr, Ranking Member Foster, and Members of this Subcommittee, I appreciate the opportunity to speak to you today. My name…
Blog
House Financial Services Committee Leans on SEC’s Gensler for More Transparency
House Financial Services Committee Leans on SEC’s Gensler for More Transparency Republicans on the House Financial Services Committee and some allies in the…
Letters
Coalition Letter to Members of the North Dakota House Finance & Taxation Committee, RE: SB 2217
Chair Headland, Vice Chair Hagert, and Members of the Committee, The undersigned organizations write in opposition to Senate Bill 2217. This legislation would…
Blog
Congress Hands Biden His First Legislative Defeat by Overturning DOL ESG Rule Affecting Retirees
Republicans in Congress have just teed up the first major legislative rebuke to the Biden Administration’s environmental, social, and governance (ESG) policies. On…
News Release
Biden Poised to Veto Financial Security for Millions of American Retirees
President Joe Biden is expected to veto a congressional resolution aimed at protecting pension funds from politically motivated investment managers. This puts the White…
News Release
Supreme Court Rightly to Review CFPB Funding Constitutionality
The Supreme Court today announced it will review the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding, an unusual arrangement of unchecked funding…
Blog
Fed Economist: Study Shows Danger of Government-Mandated Financial Misinformation
Study from Fed Economist Shows Danger of Government-Mandated Financial Misinformation The “Twitter Files” have made some shocking revelations about…
Wall Street Journal
Biden’s Regulatory Deluge
Regulatory costs to the economy are now reckoned to be at least $2 trillion, or roughly 8% of U.S. gross…
Blog
Study from Fed Economist Shows Danger of Government-Mandated Financial Misinformation
The “Twitter Files” have made some shocking revelations about government entities muscling social media companies to deplatform people in the name of preventing…
Blog
CFPB Court Defeat a Welcome Reminder of who Makes the Rules
The Consumer Financial Protection Bureau suffered a stinging reverse in court last week when its action against Chicago-area mortgage company Townstone Financial was…
Blog
Regulatory Reform Bills in the 118th Congress: The Less Is More Resolution
Often, spending is regulation in disguise. The 185,000-page Code of Federal Regulations is not the only way Washington regulates the economy. The federal…
Politico
Three names Biden is circling for Fed Vice Chair
ON BLAST — Former FTC Chair Timothy Muris and Bruce Kobayashi, who served as director of the commission’s bureau of economics during the Trump administration,…
Blog
Hearing Shows Bipartisan Momentum for Focused Financial Deregulation
Last week, I had the honor and pleasure of testifying at the first hearing of the newly constituted Financial Institutions and Monetary Policy…
Blog
Free the Economy Episode 8: Crypto and ESG with Jennifer Schulp
Welcome back to the Free the Economy podcast. In this week’s episode we talk about the cultural impact of Super Bowl…
Forbes
A Case For The Article I Regulatory Budget Act
There is a case to be made for officially “budgeting” and capping costs of the thousands of rules and regulations that federal agencies set…
Blog
Mixed Inflation News for January
Today’s inflation news is mixed. We’re still almost certainly past the worst of the COVID inflation, but January’s numbers took a turn for…
Blog
Are Americans Investing for Retirement or Politics?
Being able to save enough during our working lives to fund a comfortable retirement is a top concern for most American households, especially…
Testimony
CEI’s John Berlau Testifies Before House Financial Services Committee: Hearing: “Revamping and Revitalizing Banking in the 21st Century”
Chairman Barr, Ranking Member Foster, and honorable members of this Subcommittee, thank you for this opportunity to present testimony on behalf of…
Washington Examiner
Republicans can use the debt ceiling fight to better prepare Americans for the next economic crisis
On the outside chance that House Republicans are able to wrangle President Joe Biden into cutting federal spending to set a new…
Real Clear Investigations
The Left’s Little Financial Engine That Could (Change the World Radically)
Richard Morrison, senior fellow at the conservative Competitive Enterprise Institute, said Amalgamated can, at a minimum, “serve as an example for other managers and…
Blog
State of the Union and Inflation
Presidents, like quarterbacks, get too much blame when things go badly, and too much when things go well. Look for President Biden to take…
Crowd Fund Insider
House Subcommittee on Financial Institutions Schedules Hearing to Discuss Banking and Need to Update Regulations in Line with Emerging Technology
CEI’s John Berlau is cited on Crowd Fund Insider on banking regulations: The House Subcommittee on Financial Institutions and Monetary Policy, part of…
News Release
CFPB Cap on Credit Card Late Fees = Price Controls that Raise Cost of Credit for Everyone
The Biden White House is touting a new proposed rule from the Consumer Financial Protection Bureau that would cap most credit card late…
News Release
Latest Fed Interest Rate Increase Brings Us Closer to a Soft Landing: CEI Analysis
The Federal Reserve today announced an interest rate increase of a quarter percentage point, as expected. CEI Senior Economist Ryan Young says the series…
Americans for Tax Reform
Q&A on Credit Card Regulation
Americans for Tax Reform has been consistently opposed to government regulation of debit and credit card transactions. Last year, ATR opposed the Credit…
Blog
Berlau Crypto Letter and Comments in Wall Street Journal and Washington Examiner
This week, I have had the honor of being quoted in a great article on cryptocurrency trends and regulation in the Washington Examiner and…
News Release
Good News on Economic Growth: CEI Analysis
The U.S. Commerce Department’s Bureau of Economic Analysis released data today showing the economy grew 2.1 percent in 2022. CEI Senior Economist Ryan…
Blog
The Debt Ceiling and the Trillion-Dollar Coin
Another debt ceiling battle is brewing, and pundits are debating what to do about it. Over at National Review’ Capital Matters, I take a…
Forbes
Fed Economist’s Study Shows Harm Of Government-Spread Misinformation On Small Loans
The “Twitter Files” have made some shocking revelations about government entities muscling social media companies to de-platform people in the…
News Release
Inflation Ticks Down in December – Fed Should Stay on Course, CEI Economist Urges
Good news – the annual inflation rate fell from 7.1 percent in November to 6.5 percent in December, according to the latest consumer…
Blog
Federal Reserve Declines to Become Climate Regulator
Most agencies can either do one thing well or many things poorly. For example, the Federal Reserve would be perfectly capable of keeping inflation…
Blog
The Deregulatory Pony for Small Biz Buried in the Omnibus Pile
There’s not much good to say about an “omnibus” bill crammed in at the end-of-year lame duck session of Congress that contains a grab…
The American Spectator
What Do Americans Really Think of ‘ESG’ Investing?
Investing to promote environmental, social, and governance (ESG) outcomes — rather than to just maximize profit — became the hot topic in finance this…
Staff & Scholars
John Berlau
Senior Fellow and Director of Finance Policy
- Banking and Finance
- Deregulation
- Financial Regulation
Iain Murray
Vice President for Strategy and Senior Fellow
- Banking and Finance
- Trade and International
Steve Swedberg
Finance and Monetary Policy Analyst
- Banking and Finance
- Deregulation
- Financial Regulation