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  • CREW: Federal Deposit Insurance Corporation (FDIC) : Regarding Efforts To Influence Financial Regulatory Reform - 10-0544 Partial FOIA Response

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    On March 22, 2010, Citizens for Responsibility and Ethics in Washington (CREW) filed Freedom of Information Act requests with several agencies for records related to their efforts to influence financial regulatory reform currently being considered by Congress. Several agencies likely to be impacted by reform legislation have waged an intense turf battle to try to preserve their roles and power. CREW’s request specifically seeks all correspondence between eight agencies – Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Comptroller of the Currency, Office of Thrift Supervision, National Credit Union Administration, Security and Exchange Commission, and Commodities Futures Trading Commission – and Congress related to the key financial regulatory proposals and suggestions. These records will help the public understand how these agencies have tried to influence Congress and whether these efforts were proper.; FOIA Request: CREW: Federal Deposit Insurance Corporation (FDIC): Regarding Efforts to Influence Financial Regulatory Reform; Holder of Document: CREW; Producing Agency: Federal Deposit Insurance Corporation; Date Received : 9/09/2010;

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    CREW: Federal Deposit Insurance Corporation (FDIC): Regarding Efforts to Influence Financial Regulatory Reform - 10-0544 Partial FOIA Response

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    On March 22, 2010, Citizens for Responsibility and Ethics in Washington (CREW) filed Freedom of Information Act requests with several agencies for records related to their efforts to influence financial regulatory reform currently being considered by Congress. Several agencies likely to be impacted by reform legislation have waged an intense turf battle to try to preserve their roles and power. CREW’s request specifically seeks all correspondence between eight agencies – Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Comptroller of the Currency, Office of Thrift Supervision, National Credit Union Administration, Security and Exchange Commission, and Commodities Futures Trading Commission – and Congress related to the key financial regulatory proposals and suggestions. These records will help the public understand how these agencies have tried to influence Congress and whether these efforts were proper.; FOIA Request: CREW: Federal Deposit Insurance Corporation (FDIC): Regarding Efforts to Influence Financial Regulatory Reform; Holder of Document: CREW; Producing Agency: Federal Deposit Insurance Corporation; Date Received : 9/09/2010;

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    52 views1 page

    CREW: Federal Deposit Insurance Corporation (FDIC) : Regarding Efforts To Influence Financial Regulatory Reform - 10-0544 Partial FOIA Response

    Uploaded by

    CREW
    On March 22, 2010, Citizens for Responsibility and Ethics in Washington (CREW) filed Freedom of Information Act requests with several agencies for records related to their efforts to influence financial regulatory reform currently being considered by Congress. Several agencies likely to be impacted by reform legislation have waged an intense turf battle to try to preserve their roles and power. CREW’s request specifically seeks all correspondence between eight agencies – Department of the Treasury, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Comptroller of the Currency, Office of Thrift Supervision, National Credit Union Administration, Security and Exchange Commission, and Commodities Futures Trading Commission – and Congress related to the key financial regulatory proposals and suggestions. These records will help the public understand how these agencies have tried to influence Congress and whether these efforts were proper.; FOIA Request: CREW: Federal Deposit Insurance Corporation (FDIC): Regarding Efforts to Influence Financial Regulatory Reform; Holder of Document: CREW; Producing Agency: Federal Deposit Insurance Corporation; Date Received : 9/09/2010;

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    Federal Deposit Insurance Corporation

    550 17th St. NW Washington DC, 20429 Legal Division

    Adam J. Rappaport
    Senior Counsel
    CREW (Citizens for Responsibility and Ethics in Washington)
    1400 Eye Street, N.W., Suite 450
    Washington, D.C. 20005

    By Electronic Response

    FDIC FOIA/PA Log No. 10-0544 Partial Response

    Dear Mr. Rappaport:

    This is in response to your letter of March 22, 2010, requesting, pursuant to the Freedom
    of Information Act, 5 U.S.C. §552 ("FOIA"), all correspondence between FDIC and any
    member, committee, or employee of Congress related to all financial regulatory reform proposals
    and suggestions, whether initiated within the FDIC or Congress, between March 1, 2008 and the
    present. Your request listed 5 categories of records, including, (1) The Blueprint for a
    Modernized Financial Regulatory Structure proposed in March 2008, by then –Treasury
    Secretary Henry M. Paulson; (2) financial regulatory reforms proposed by President Obama and
    Treasury Secretary Timothy Geithner on June 17, 2009; (3) a group of reform bills passed by the
    house Financial Services Committee from October-December 2009 that were combined into the
    Wall Street Reform and Consumer Protection Act (H.R. 4173) and passed by the House on
    December 11, 2009, (4) legislation proposed by Senate Banking, Housing, and Urban Affairs
    Chairman Chris Dodd on November 11, 2009, and (5) new legislation proposed by Chairman
    Dodd on March 15, 2010.

    In response to your telephone inquiry of September 1, 2010, I managed to obtain


    approval to make a partial release to you. Enclosed [as pdf attachments] are copies of the some
    of the requested documents. The responsive categories are indicated on the names of the pdf
    files. Today, we inquired of Adam of your office as to what format you would like these in, and
    he advised that presently you were unavailable. We selected our normal electronic method; if
    this format is not useful to you and you prefer hard copies, please call and let me or our Law
    Clerk, Meghan Marcelo know, and we will resend. Her direct number is 703-562-2087.

    We hope the above has been helpful to you. Please call me on 703-562-2668 if we can
    be of further assistance. Meanwhile, please note I am advised, we expect to complete your
    request within the next several weeks. You will be provided appeal rights as appropriate at that
    time.

    Sincerely,

    Nicholas J. Burgess
    Senior FOIA Specialist

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