October, 23 2019, 12:00am EDT
For Immediate Release
Contact:
In Historic Vote, House Passes Bipartisan Bill to End Anonymous Companies
First Time Legislation to End Anonymous Companies Passes Either Chamber of Congress
WASHINGTON
With a bipartisan vote of 249 to 173, the U.S. House of Representatives passed a bipartisan bill Tuesday night to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S. After more than a decade of debate in Washington, Tuesday's vote in favor of the Corporate Transparency Act of 2019 (H.R.2513) represents the first time that legislation to end anonymous companies has made it through either Chamber of Congress. Prior to the vote, the White House issued a positive statement on the measure noting that "this legislation represents important progress in strengthening national security, supporting law enforcement, and clarifying regulatory requirements." The debate now moves to the Senate, where similar bipartisan legislation is co-sponsored by nearly one-third of the key Senate Committee on Banking, Housing, and Urban Affairs. The Chair and Ranking Member of the Banking Committee have also indicated that the issue is a priority for them.
Gary Kalman, the executive director of the Financial Accountability and Corporate Transparency (FACT) Coalition, issued the following statement:
"After more than a decade of debate to bring anti-money laundering protections into the modern era, Congress just took an enormous step forward. Make no mistake, this is an historic vote.
"Anonymous companies are widely recognized as the single most dangerous and significant gap in our anti-money laundering framework. Virtually every national security expert who has looked at the issue has called for the reform in this legislation. Police and prosecutors have also been outspoken in calling for reform.
"While the criminal and corrupt have developed sophisticated networks in recent years, our laws have not kept pace with building new tools to counter the emergent threats. The bill will end the abuse of anonymous companies and update our anti-money laundering protections. It is the single most important change Congress could make to better protect our financial system from abuse. Treasury's pilot efforts in collecting ownership information have already demonstrated the incredible impact of this reform. It's time we had a comprehensive program in place.
"We applaud Representatives Maloney, King, Cleaver, Luetkemeyer, Malinowski, and Waters for their leadership in moving these reforms forward. We are thrilled to have strong bipartisan support and look forward to working with the Senate to see these reforms passed into law."
The Financial Accountability and Corporate Transparency (FACT) Coalition is a non-partisan alliance of more than 100 state, national, and international organizations working toward a fair tax system that addresses the challenges of a global economy and promoting policies to combat the harmful impacts of corrupt financial practices.
(202) 827-6401LATEST NEWS
Green Groups Slam RFK Jr. as 'Dangerous Conspiracy Theorist and Science Denier'
"With so much at stake, we stand united in denouncing RFK Jr.'s false environmentalist claims."
Apr 19, 2024
A dozen national green groups on Friday published an open letter exposing what they say are the dangers of Robert F. Kennedy Jr.'s quixotic Independent U.S. presidential bid by highlighting his embrace of conspiracy theories and his use of language often spoken by climate deniers.
"Robert F. Kennedy Jr. is not an environmentalist. He is a dangerous conspiracy theorist and science denier whose agenda would be a disaster for our communities and the planet," the letter argues. "He may have once been an environmental attorney, but now RFK Jr. is peddling the term 'climate change orthodoxy' and making empty promises to clean up our environment with superficial proposals."
"The truth is, by rejecting science, what he offers is no different than Donald Trump," the signers asserted, referring to the former Republican president and presumptive 2024 GOP nominee.
The letter continues:
In the fact-free world that both he and Trump live in, objective reality simply does not exist. Their policy platforms are instead driven by what will benefit Big Oil and the greedy corporations that fund them. We know, however, that environmental progress depends on following scientific fact and putting people over politics.
With so much at stake, we stand united in denouncing RFK Jr.'s false environmentalist claims. We can't, in good conscience, let him continue co-opting the credibility and successes of our movement for his own personal benefit.
"RFK Jr. is a bleak reminder that our democracy is incredibly vulnerable," the letter adds. "Any support for this Kennedy-in-name-only will inevitably result in a second Trump term and the complete erosion of vital environmental and social gains made to date."
The letter is signed by the Center for Biological Diversity Action Fund, Friends of the Earth Action, LCV Victory Fund, Natural Resources Defense Council Action Fund, Climate Emergency Advocates, Climate Power, Earthjustice Action, Food & Water Action, NextGen America, Sierra Club Independent Action, Sunrise Movement, and 350 Action.
Earlier this month, the Kennedy campaign fired New York state director Rita Palma after she admitted that her "No. 1 priority" is to siphon votes from President Joe Biden—who she described as the "mutual enemy" of both the Kennedy and Trump voter.
Last month, More Perfect Unionreleased a video highlighting the ultrawealthy Republican donors and Trump backers who are also financing Kennedy's White House run, which many observers believe could play spoiler to Biden's reelection bid.
In a stinging rebuke, prominent members of the Kennedy political dynasty reaffirmed their support for Biden on Thursday. Numerous relatives have been urging Kennedy to drop out of the race.
Keep ReadingShow Less
Youth Lead Global Strike Demanding 'Climate Justice Now'
"We are many people and youths who want to express our frustration over what decision-makers are doing right now: They don't care about our future and aren't doing anything to stop the climate crisis," one young activist said.
Apr 19, 2024
Ahead of Earth Day, young people around the world are participating in a global strike on Friday to demand "climate justice now."
In Sweden, Greta Thunberg joined hundreds of other demonstrators for a march in Stockholm; in Kenya, participants demanded that their government join the Fossil Fuel Non-Proliferation Treaty; and in the U.S., youth activists are kicking off more than 200 Earth Day protests directed at pressing President Joe Biden to declare a climate emergency.
"We're gathered here to fight, once again, for climate justice," Thunberg toldAgence France-Presse at the Stockholm protest, which drew around 500 people. "It's now been more than five and a half years that we've been doing the same thing, organizing big global strikes for the climate and gathering people, youths from the entire world."
"I lost my home to climate change. Now I'm fighting so that others don't lose their homes."
The first global youth climate strike, which grew out of Thunberg's Fridays for Future school strikes, took place on March 15, 2019. Since then, both emissions and temperatures have continued to rise, with 2023 blowing past the record for hottest year. Yet, according to Climate Action Tracker, no country has policies in place that are compatible with limiting global heating to 1.5°C above preindustrial levels.
"We are many people and youths who want to express our frustration over what decision-makers are doing right now: They don't care about our future and aren't doing anything to stop the climate crisis," Karla Alfaro Gripe, an 18-year-old participant at the Stockholm march, told AFP.
The global strikes are taking place under the umbrella of Friday's for Future, which has three main demands: 1. limit temperature rise to 1.5°C, 2. ensure climate justice and equity, and 3. listen to the most accurate, up-to-date science."Fight with us for a world worth living in," the group wrote on their website, next to a link inviting visitors to find actions in their countries.
Participants shared videos and images of their actions on social media.
European strikers also gathered in London, Dublin, and Madrid.
In Asia, Save Future Bangladesh founder Nayon Sorkar posted a video from the Meghna River on Bangladesh's Bola Island, where erosion destroyed his family's home when he was three years old.
"I lost my home to climate change," Sorkar wrote. "Now I'm fighting so that others don't lose their homes."
Also in Bangladesh, larger crowds rallied in Dhaka, Sylhet, Feni, and Bandarban for climate action.
"Young climate activists in Bandarban demand a shift to renewable energy and away from fossil fuels," said Sajjad Hossain, the divisional coordinator for Youthnet for Climate Justice Bangladesh. "We voiced urgency for sustainable energy strategies and climate justice. Let's hold governments accountable for a just transition!"
In Kenya, young people struck specifically to demand that the government sign on to the Fossil Fuel Non-Proliferation Treaty.
"As a member of the Lake Victoria community, the importance of the treaty in our climate strikes cannot be overstated," Rahmina Paullette, founder of Kisumu Environmental Champions and a coordinator for Fridays for Future Africa, said in a statement. "By advocating for its implementation, we address the triple threat of climate change, plastic pollution, and environmental injustice facing our nation."
"Halting fossil fuel expansion not only safeguards crucial ecosystems but also combats the unjust impacts of environmental degradation, ensuring a more equitable and sustainable future for our community and the wider Kenyan society," Paullette said.
In the U.S., Fridays for Future NYC planned for what they expected to be the largest New York City climate protest since September 2023's March to End Fossil Fuels. The action will begin at Foley Square at 2:00 pm Eastern Time, at which point more than 1,000 students and organizers are expected to walk across the Brooklyn Bridge to rally in front of Borough Hall.
The strike "is part of a national escalation of youth-led actions in more than 200 cities and college campuses around the country, all calling on President Biden to listen to our generation and young voters, stop expanding fossil fuels, and declare a climate emergency that meaningfully addresses fossil fuels, creating millions of good paying union jobs, and preparing us for climate disasters in the process," Fridays for Future NYC said in a statement.
The coalition behind the climate emergency drive, which also includes the Sunrise Movement, Fridays for Future USA, and Campus Climate Network, got encouraging news on Wednesday when Bloomberg reported that the White House had reopened internal discussions into potentially declaring a climate emergency.
"We're staring down another summer of floods, fires, hurricanes, and extreme heat," Sunrise executive director Aru Shiney-Ajay said in a statement. "Biden must do what right Republicans in Congress are unwilling to do: Stand up to oil and gas CEOs, create green union jobs, and prepare us for climate disasters. Biden must declare a climate emergency and use every tool at his disposal to tackle the climate crisis and prepare our communities to weather the storm. If Biden wants to be taken seriously by young people, he needs to deliver on climate change."
The coalition is planning events leading up to Monday including dozens of Earth Day teach-ins beginning Friday to encourage members of Congress to pressure Biden on a climate emergency and Reclaim Earth Day mobilizations on more than 100 college and university campuses to demand that schools divest from and cut ties with the fossil fuel industry.
Keep ReadingShow Less
Ahead of Plastics Treaty Summit, Studies Make Case for Stopping Pollution at the Source
"Whether the treaty includes plastic production cuts is not just a policy debate," said one expert. "It's a matter of survival."
Apr 19, 2024
As worldwide government officials, civil society groups, and activists prepare to head to Ottawa, Canada for the fourth session of Global Plastics Treaty negotiations, climate advocates urged attendees to keep in mind the new findings of scientists who showed Thursday that plastic production—not waste—is the main driver of the synthetic substances' planet-heating emissions.
The federally funded Lawrence Berkeley National Laboratory in Berkeley, California released a paper showing that the greenhouse gas emissions of the plastics industry are equivalent to those of about 600 coal-fired power plants and are four times higher than those of the airline sector.
Lobbyists for the plastics industry, along with countries that are home to the world's biggest fossil fuel polluters, have pushed for a plastics treaty that centers waste management and a "circular economy" in which waste plastic is used indefinitely to produce new synthetic products.
But the Lawrence Berkeley scientists found that 75% of the greenhouse gas emissions caused by plastics are released before the plastic compounds are even created by the polymerization process.
"Plastics' impact on the climate starts with extraction," said the Global Alliance for Incinerator Alternatives (GAIA) in a policy brief on the lab's findings. "To fully capture, measure, evaluate, and address the impacts of plastic pollution, assessment, and regulatory controls must consider the complete lifecycle, beginning with extraction."
According to Lawrence Berkeley's research, if plastic production remains at its current level, it could burn through roughly one-fifth the planet's remaining carbon budget, pushing the Earth closer to planetary heating that exceeds 1.5°C.
"To avoid breaching the 1.5°C limit set by the Paris [climate] agreement," said GAIA, "primary plastic production must decrease by at least 12% to 17% per year, starting in 2024."
To achieve that goal, said the Center for Financial Accountability on Thursday, fossil fuel-producing countries must stop treating the Global Plastics Treaty "as a waste management treaty."
"While global leaders are trying to negotiate a solution to the plastic crisis, the petrochemical industry is investing billions of dollars in making the problem rapidly worse," said GAIA science and policy director Neil Tangri, a senior fellow at University of California, Berkeley. "We need a global agreement to stop this cancerous growth, bring down plastic production, and usher in a world with less plastic and less pollution."
At the third session of the the Intergovernmental Negotiating Committee (INC-3) last year, 143 plastics industry lobbyists registered to attend, prompting advocates to call for their exclusion from future summits.
On Sunday, ahead of the meetings set to take place from April 23-29, the Break Free From Plastic movement is planning to march through Ottawa, to demand "strong conflict of interest policies that protect the treaty negotiations and its implementation from the vested interests of industries that are profiting" from the growing plastic pollution crisis.
The campaigners will also demand a negotiation process that respects the rights of Indigenous people, a treaty that supports "non-toxic reuse systems" and rejects a "circular economy" model, and limiting and reducing plastic production a "non-negotiable requirement to end plastic pollution."
Dr. Jorge Emmanuel, a co-author of GAIA's policy brief and a research fellow at Siliman University in the Philippines, said the climate impacts that have already hit his country illustrate the need for a strong Global Plastics Treaty.
"The Philippines is on the frontlines of both climate change and plastic pollution," said Emmanuel. "Heatwaves, powerful typhoons, and flooding are getting worse, and the petrochemical industry has displaced our traditional systems with mountains of plastic that poison our communities."
"Whether the treaty includes plastic production cuts is not just a policy debate," he added. "It's a matter of survival."
Keep ReadingShow Less
Most Popular