Lobbying the financial reform act

lobbyist on Capitol stepsIntense lobbying is under way over the Dodd-Frank financial regulatory reform act, with federal agencies needing to fill in the details of at least 243 financial rules and conduct 67 studies before implementing the most sweeping such law since the 1930s.  Political science Professor Graham Wilson, author of “Business and Politics,” says citizens should be concerned that the interest-group system is massively biased towards representing business interests.

“The regulations that give shape to laws are always crucial.  In this case, the massive complexity and detail involved makes the regulations all the more important — and in this process the voices for consumer and taxpayer interests will be few in number compared with those for the financial industry.”

Contact Graham Wilson, 617-353-2540, gkwilson@bu.edu

Post a Comment

Your email address is never shared. Required fields are marked *