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END WALL STREET DOMINATION OF ENERGY FUTURES

Public Citizen

Lucas,

Judging from their proposed budget, House Republicans would prefer to have Wall Street firms, billionaire CEOs and corporate lobbyists writing the rules instead of playing by them.

Their budget contains draconian cuts to the Consumer Financial Protection Bureau, the Commodity Futures Trading Commission and the Securities and Exchange Commission - three federal agencies charged with implementing crucial Wall Street reforms.

These cuts will increase America's vulnerability to another financial crisis and make the marketplace less safe for consumers.

Urge your senators to oppose cuts to consumer protections and hold Wall Street accountable.

Additionally, cuts to the Occupational Safety and Health Administration would significantly reduce the agency's ability to inspect hazardous workplaces and protect whistleblowers from discrimination.

And cuts to the presidential public financing system would bring us one step closer to fully corporate-funded elections, eliminating even the possibility that candidates could run winning campaigns without making backroom deals for corporate cash.

Send a message to your senators urging them to oppose these cuts:
www.citizen.org/do-not-cut-consumer-protections

In truth, the budget debates in Congress this week have nothing to do with "fiscal responsibility."

The budget problems exist because revenues have declined. Revenues have declined because Wall Street crashed the economy.

The most irresponsible response to these circumstances would be to cut critical public protections when they are needed the most.

Thanks for all you do,

Rick Claypool
Public Citizen's Online Action Team
action@citizen.org

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P.S. Read a blog post about today's visit to Public Citizen by Commodity Futures Trading Commission Chairman Gary Gensler. We delivered signatures from nearly 12,000 calling for the commission to end Wall Street domination of the energy futures market.

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