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
Are stablecoins already delivering what CBDCs promise?
Many proposals for a central bank digital currency (CBDC), a digital form of the US dollar issued by the Federal Reserve, have circulated…
Center Square
After rate hike, economists weigh tariffs’ role in inflation
CEI’s Senior Economist Ryan Young was quoted by Center Square in their analysis of tariffs impact in inflation. Ryan Young, senior economist…
News Release
Federal Reserve raises interest rates, eyes on future economic policy: CEI analysis
Today, the Federal Reserve has decided to raise interest rates by 25 basis points, the first increase in over three years. The decision…
Search Posts
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…
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…
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…
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…
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…
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…
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…
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…
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:…
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…
Blog
Protecting Pensions from Politicized Mismanagement
Recently the American Legislative Exchange Council (ALEC), an organization of state legislators from across the country, unveiled model legislation aimed at protecting the…
Blog
Members of Congress Push Back on SEC Climate Proposal
Skeptical members of Congress have begun weighing in on the Securities and Exchange Commission’s (SEC) recent climate disclosure proposal, and their objections are…
FOX Business
Biden Administration Moves on Taxing, Regulating Cryptocurrency
FOX Business cites Senior Fellow John Berlau on the Biden Administration’s recent moves to tax cryptocurrency: Thanks to a provision in…
Blog
Inflation Rises to 8.5 Percent: Straining for Optimism
High inflation will likely be with us for a while, which means I’ll be writing a lot of posts like this. So, for the…
Blog
Rep. Van Duyne Confronts Excesses of Climate Policy at SEC
Last week Rep. Beth Van Duyne (R-TX) and a dozen co-sponsors introduced the Stopping Excessive Climate Reporting Act (H.R.7355) to prevent the Securities and…
Comment
Comments to the Consumer Financial Protection Bureau on its Request for Information on “Junk Fees”
Dear Director Chopra: On behalf of the Competitive Enterprise Institute (CEI), I respectfully submit the following comments in response to the Consumer Financial…
Blog
Celebrate Decade of JOBS Act as Deregulatory Success
10 years ago, a GOP-controlled House, a Democrat-controlled Senate, and a Democratic president came together to lighten the regulatory burden on America’s upstart job…
News Release
Biden Budget ‘Billionaire Tax’ Constitutionally Troubling
The newly released details of the White House budget for fiscal year 2023 marks a failure in spending restraint and regulatory accountability, say CEI…
Blog
White House Confiscatory Tax Proposal Underlines Why CEI Is Challenging Provision of 2017 Tax Reform
Today President Biden previewed his proposed fiscal year 2023 budget. I am in complete agreement with the first five words: “Budgets are statements of…
Blog
Inflation and the Biden Budget
It is good that the Biden administration is beginning to take inflation seriously. Unfortunately, however, there isn’t much that the president and Congress…
Blog
Why Cannabis Banking Liberalization Would Indeed Increase U.S. Competitiveness
As war continues in the aftermath of Russia’s invasion of Ukraine, interest by policy makers and the media has spiked in competitiveness bills passed…
Blog
Climate Police Occupy Wall Street
The Securities and Exchange Commission (SEC) on Monday, March 21, released its proposed rule to require every “registrant” (i.e., publicly-traded company) to provide…
Letters
CEI Joins Coalition Letter on Durbin Amendment
Dear Chairman Brown, Ranking Member Toomey, Chairwoman Waters, and Ranking Member McHenry: The undersigned organizations write in opposition to any legislation that would…
The Washington Examiner
Biden’s Executive Order Marks the Government’s Initial Foray into Cryptocurrency
The regulatory future of cryptocurrency looks uncertain in Washington, but there is growing acceptance that blockchain finance is here to stay. President Joe…
News Release
In Order to Counter Inflation, Federal Reserve Should End Bond Buying Spree
The Federal Reserve announced today it would raise benchmark interest rates by a quarter percentage point with the aim of counteracting the effects…
News Release
After Bloom Raskin Withdrawal, Biden Should Nominate Someone Focused on Financial Stability, Monetary Policy
President Biden’s nominee to be Federal Reserve Vice Chair for Supervision Sarah Bloom Raskin withdrew her nomination from consideration today, after it became clear…
USA Today
What Did Biden Get Wrong on Crypto? His New Order Threatens to Smother Innovation
President Joe Biden released an executive order Wednesday that could curtail opportunities that cryptocurrency provides for economic advancement, notwithstanding the order’s hopeful tone…
CoinDesk
The First Crypto War May Lead to Lasting Peace
The Russian invasion of Ukraine is the first crypto war. The digital asset front follows only the actual fighting in importance. Crypto has…
News Release
CEI Statement: Biden Executive Order to Target Crypto for Regulation
The White House is set to release an executive order today regulating cryptocurrency. CEI Senior Fellow John Berlau expressed concerns about the order and…
Blog
Stablecoins Come of Age in Ukraine-Russia Conflict
Across the globe, people living under oppressive regimes are already familiar with stablecoins—digital assets pegged to a stable monetary value, usually the U.S. dollar.
Blog
Don’t Raise Accredited Investor Thresholds
The gulf between Securities and Exchange Commission (SEC) Chair Gary Gensler’s rhetoric and the results of his leadership continues to widen. In interviews…
The New York Sun
Regulations Stymie New York in Crypto Competition vs. Miami
New York City and Miami are the clear frontrunners to become the preeminent home of American cryptocurrency, and the cities’ mayors — Eric Adams…
Blog
George Washington, Larry David, Cryptocurrency, and Freedom
One of the most talked-about Super Bowl ads was that of Larry David traveling through history and naysaying innovations that turned out to be…
The Washington Times
Wholesale Prices Soared Again in January as Inflation Remains Near Record Highs
The Washington Times cites Senior Fellow Ryan Young on the Fed’s response to inflation: Ryan Young, a senior fellow at the…
Blog
Lisa Cook’s First Amendment Problem
Today, the Senate Banking Committee is set to vote on five nominations for the Federal Reserve Board. My CEI colleague Myron Ebell and I…
NewsTalk STL
AUDIO: Ryan Young Joins NewsTalk STL to Discuss Inflation
Senior Fellow Ryan Young joins NewsTalk STL to discuss inflation rates: NewsTalk STL ·…
Blog
New Federal Reserve Study Is Surprisingly Upbeat on Stablecoins
Amid the Biden administration’s onslaught against cryptocurrencies, new research from the Federal Reserve surprisingly paints stablecoins in a positive light. In a new…
The Washington Times
Fed Discussion Should End on Central Bank Digital Currencies
Stablecoins may be a recent invention, but already it’s a type of cryptocurrency that empowers people worldwide and increases global prosperity, making it possible…
News Release
Inflation Rise Should Trigger Response by Fed, Congress, President
Inflation is on the rise again, hitting the highest mark in 40 years, according to government figures. CEI Senior Fellow Ryan Young says the…
Blog
New Mexico Should Reject Interest Rate Limit Base on Federal Mismeasurement
There is an old saying that “a lie can travel halfway around the world while the truth is still putting on its shoes.” It…
News Release
A Government Central Bank Digital Currency Would Pose Big Risk to Financial Sector, Economy
The U.S. should not approve a central bank digital currency (CBDC), a new Competitive Enterprise Institute report argues. “CBDCs could hand the…
Study
Central Bank Digital Currencies Threaten Global Stability and Financial Privacy
Executive Summary As digital currencies go mainstream around the world, governments and international financial bodies are seeking to develop ways to regulate them. Some…
News Release
CEI Joins AEA in Opposing Sarah Bloom Raskin’s Nomination to Federal Reserve
The Competitive Enterprise Institute (CEI) signed onto a letter by the American Energy Alliance (AEA) opposing the White House’s nomination of Sarah…
Letters
Coalition Letter Opposing Sarah Bloom Raskin’s Nomination to Federal Reserve
Dear Chairman Brown and Ranking Member Toomey, As public policy groups who fight for free markets, sound science, and affordable energy, we write…
Letters
CEI and Other Organizations Urge Support for Pro-Growth ALIGN Act
Dear Chair Wyden, Chair Neal, Ranking Member Crapo, Ranking Member Brady, and Members of the Senate Committee on Finance and House Committee on Ways…
News Release
Federal Reserve Signals Interest Rate Hike to Fight Inflation: CEI Statement
The Federal Reserve today signaled an interest rate hike is coming in March to combat inflation. CEI Senior Fellow Ryan Young believes the…
CoinDesk
Professor Gensler Gets an F on Crypto
Crypto insiders lauded Gary Gensler’s nomination to chair the Securities and Exchange Commission (SEC) last February. They thought the Massachusetts Institute of Technology professor…
Blog
CFPB’s Dodd-Frank Race and Gender Data Collection Mandates Will Harm Financial Inclusion
In mid-2020, on the 10th anniversary of the Dodd-Frank financial overhaul being rammed through Congress and signed by then-President Obama, I catalogued the…
News Release
Fed Plans for Central Bank Digital Currency Pose Big Risk to Financial Sector, Economy
The US Federal Reserve today published a discussion paper on central bank digital currencies or CBDCs, signaling policymakers’ ambitions to start one. CEI expert Paul Jossey, author…
Blog
Six Myths about Bitcoin Energy Use
Newsweek: Bitcoin Mining on Track to Consume All of the World’s Energy by 2020 Bloomberg: What if there were a safe…
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