Washington — SenatorAl Franken (D-MN) has introduced a financial-reform amendment that finally addresses the root problem of the credit rating agencies—their built-in conflict of interest. The "Restore Integrity to Credit Ratings" amendment, co-sponsored by Senators Charles Schumer (D-NY) and Bill Nelson (D-FL), substantially embraces a remedy set forth in a recent Demos policy paper on this subject.
The counter to this neoliberal vision involves, then, a more thorough moral critique—and a more transformative policy agenda—that tackles the underlying forces of corporate power, market inequities, structural racism, and anti-democratic political institutions. That progressives are finally talking in these expansive terms represents a potentially transformative inflection point in American politics.
While Demos celebrates the legislation’s strong mandate on emissions reductions, the governor’s exclusion of community investment mandates and labor standards prolongs the fight for climate justice in New York and nationwide.
Today’s Supreme Court decision that federal courts have no ability to check extreme partisan gerrymandering is a stunning blow to our democracy. This decision represents an abdication of judicial responsibility to protect against constitutional violations.
By enacting SB 7066, the Florida legislature has created two classes of returning citizens: those who can afford to reclaim their voting rights, and those who cannot.
Turnout Increases of 4.3 Percent Likely Under Current Proposed Legislation
Annapolis, MD — In the historic 2008 presidential election, Maryland ranked 12th among states in voter participation by eligible residents. Voter participation in Maryland could significantly increase if the state passes Same Day Registration (SDR) into law, according to a new report published today by Demos and released in collaboration with ACLU of Maryland.
As Congress Takes Up Sweeping Financial Reform, Report Urges Fundamental Change of Ratings Agency Model
Washington, DC — With the House of Representatives and a key Senate committee poised to vote on sweeping financial industry reforms, a new report by Demos finds that the proposed remedies fail to fully address the problems that led the credit rating agencies to become key enablers of the housing bubble and Wall Street meltdown.
K. Sabeel Rahman and Hollie Russon Gilman's new book, Civic Power, calls for a broader approach to democratic reform, offering a critical framework and concrete suggestions to support those reforms that meaningfully redistribute power to citizens.