The FIRM Act Would Shield Wall Street From Scrutiny, Not Stop Debanking
March 12, 2025 – Following the introduction of the Financial Integrity and Regulation Management (FIRM) Act by Senate Banking Committee Chairman Tim Scott (R-SC), a bill that would prohibit federal banking agencies from considering reputational risk in their supervision of depository institutions, the American Economic Liberties Project released the following statement in opposition to the bill.
326 Pharmacies Have Closed Since Elon Musk Tanked PBM Reform
March 10, 2025 – The American Economic Liberties Project today released new research showing that at least 326 U.S. pharmacies have closed since Dec. 19, 2024, when Congress abandoned bipartisan, bicameral PBM reforms as part of a stopgap spending bill.
DOJ Commits to Breaking Up Google in Final Search Case Remedies, Revealing Antitrust is Here to Stay
March 7, 2025 – Following the release of the Department of Justice (DOJ) Antitrust Division’s Proposed Final Judgment (PFJ) filings on remedies for the Google search case, the American Economic Liberties Project released the following statement.
Economic Liberties Applauds FTC’s Block of Private Equity Power Grab in Medical Device Market
March 7, 2025 -- Following news that the Federal Trade Commission has voted 4-0 to file a lawsuit blocking GTCR BC Holdings, LLC’s (GTCR) acquisition of Surmodics, Inc. (Surmodics), a deal that would consolidate control of over half of the outsourced hydrophilic coatings market for medical devices, the American Economic Liberties Project released the following statement.
Congressional Republicans Give Big Banks and Big Tech Free Rein to Exploit Americans in Votes to Roll Back CFPB Measures
March 6, 2025 -- In a pair of votes in the House Financial Services Committee (HFSC) and United States Senate this week, Congressional Republicans moved to roll back two critical rulemakings from the Consumer Financial Protection Bureau (CFPB)—one ensuring tech giants are held to the same digital payment standards that banks and credit unions are, and another rule capping exploitative overdraft fees.