Letter | Sen. Warren Urges Wall Street Institutions to Disclose Financial Contributions to Think Tanks

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Letter | Sen. Warren Urges Wall Street Institutions to Disclose Financial Contributions to Think Tanks

Letter | Sen. Warren Urges Wall Street Institutions to Disclose Financial Contributions to Think Tanks

Calls for transparency around large financial institutions’ efforts to indirectly influence policymaking

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Dec 4, 2013

WASHINGTON, DC – Senator Elizabeth Warren today sent a letter to the nation’s six largest financial institutions’ CEOs, urging the companies to voluntarily disclose their contributions to think tanks. Currently, information on financial contributions to think tanks is not required to be made available to the public, threatening the credibility of these organizations’ research and analysis.

“Policies by your institutions to conceal those contributions from public view are wrong.  Greater transparency will benefit your shareholders, policymakers, and, ultimately, the public,” wrote Senator Warren in the letter. “Just as there is transparency around your direct efforts to influence policymaking through lobbying, the same transparency should exist for any indirect efforts you make to influence policymaking through financial contributions to think tanks.”

[http://www.warren.senate.gov]

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