Monday, March 5, 2018

ACTION: STOP ASSAULT ON BANKING PROTECTIONS

From Indivisible Oregon...
**CALL TO ACTION**
Monday, March 5, 2018
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STOP ASSAULT ON BANKING PROTECTIONS
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#DoddFrank
#EndingTBTF

Ducking calls for action on guns, the Senate will turn its attention this week to dismantling the protections against the banking practices that produced the 2008 financial disaster. Republicans are again working to help the rich get richer.

When President Obama signed the Dodd-Frank bill, he said: “American people will never again be asked to foot the bill for Wall Street’s mistakes.” The Dodd-Frank Act was designed to curb excessive risk-taking and the existence of Wall Street institutions considered “too big to fail.”

But the “Party of the Rich” opposed the regulations claiming they were unworkable and hurt community banks. Republicans found a powerful ally in Trump who has called the Act a “disaster” and said that "so many people, friends of mine, with nice businesses” had trouble getting loans because of the Act.

The Act does need fixing and some provisions in S.2155 are desirable enough to win support from some Democrats thus making passage likely. But while the proposed changes seem like technical fixes, they would remove safeguards for 25 of the nation’s largest 38 banks.

Regulations are protections and Dodd-Frank’s have protected everyone, even Wall Street, for eight years. Tell our representatives to oppose unleashing big banks.

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**ACTION 1: CALL BOTH SENATORS and YOUR REPRESENTATIVE**

SAMPLE SCRIPT – for Merkley and Wyden:
“My name is [--] and I’m a constituent from [city], Oregon [zip code]. I am calling to say that while Dodd-Frank does need fixing, S.2155 removes or alters important regulations and will allow big banks to engage again in the same practices that caused the 2008 financial meltdown. Please oppose this measure and help safeguard our economy at this dangerous time of fragile leadership. Thank you.”

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**ACTION 2:  SEND THIS TO YOUR FRIENDS AND FAMILY.

Help your friends and family tell their Senators to oppose S. 2155 which will remove some of the safe guards in the Dodd-Frank bill. The Dodd-Frank banking regulations that were put in place after the 2008 financial meltdown need fixing and some provisions in the Senate bill S.2155 are desirable. But while the proposed changes seem like technical fixes, they would remove safeguards for 25 of the nation’s largest 38 banks. Regulations are protections and Dodd-Frank’s have protected everyone, even Wall Street, for eight years.
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**PHONE NUMBERS**

SENATOR MERKLEY  
Portland: (503) 326-3386, DC: (202) 224-3753
Salem: (503) 362-8102, Eugene: (541) 465-6750
Medford: (541) 608-9102, Bend: (541) 318-1298
Pendleton: (541) 278-1129

SENATOR WYDEN  
Portland: (503) 326-7525, DC: (202) 224-5244
Salem: (503) 589-4555, Eugene: (541) 431-0229
Medford: (541) 858-5122, Bend: (541) 330-9142
La Grande: (541) 960-7691

CONGRESSWOMAN SUZANNE BONAMICI [D1]
DC: (202) 225-0855, OR: (503) 469-6010

CONGRESSMAN GREG WALDEN [D2]
DC (202) 225-6730, Medford: (541) 776-4646,
Bend (541) 389-4408, La Grande (541) 624-2400

CONGRESSMAN EARL BLUMENAUER [D3]
DC: (202) 225-4811, OR: (503) 231-2300

CONGRESSMAN PETER DEFAZIO [D4]
DC 202-225-6416, Eugene: (541) 465-6732,
Roseburg: (541) 440-3523, Coos Bay (541) 269-2609

CONGRESSMAN KURT SCHRADER [D5]
DC: (202) 225-5711, Salem (503) 588-9100,
Oregon City (503) 557-1324


** After you call, please comment below and briefly share your experience!**

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