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Wind farmer Jan Marrink poses by his wind turbines in Nordhorn, Germany. (Photo: Martin Meissner / AP)
The ”Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal resolution proposes. It says funding would come primarily from certain public agencies, including the U.S. Federal Reserve and “a new public bank or system of regional and specialized public banks.”
Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer. The real question is why we don’t already have one, as do China, Germany and other countries that are running circles around us in infrastructure development. Many European, Asian and Latin American countries have their own national development banks, as well as belong to bilateral or multinational development institutions that are jointly owned by multiple governments. Unlike the U.S. Federal Reserve, which considers itself “independent” of government, national development banks are wholly owned by their governments and carry out public development policies.
China not only has its own China Infrastructure Bank but has established the Asian Infrastructure Investment Bank, which counts many Asian and Middle Eastern countries in its membership, including Australia, New Zealand and Saudi Arabia. Both banks are helping to fund China’s trillion-dollar “One Belt One Road” infrastructure initiative. China is so far ahead of the United States in building infrastructure that Dan Slane, a former adviser on President Donald Trump’s transition team, has warned, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”
The leader in renewable energy, however, is Germany, called ”the world’s first major renewable energy economy.” Germany has a public sector development bank called KfW (Kreditanstalt fur Wiederaufbau or “Reconstruction Credit Institute”), which is even larger than the World Bank. Along with Germany’s nonprofit Sparkassen banks, KfW has largely funded the country’s green energy revolution.
Unlike private commercial banks, KfW does not have to focus on maximizing short-term profits for its shareholders while turning a blind eye to external costs, including those imposed on the environment. The bank has been free to support the energy revolution by funding major investments in renewable energy and energy efficiency. Its fossil fuel investments are close to zero. One of the key features of KfW, as with other development banks, is that much of its lending is driven in a strategic direction determined by the national government. Its key role in the green energy revolution has been played within a public policy framework under Germany’s renewable energy legislation, including policy measures that have made investment in renewables commercially attractive.
KfW is one of the world’s largest development banks, with assets totaling $566.5 billion as of December 2017. Ironically, the initial funding for its capitalization came from the United States, through the Marshall Plan in 1948. Why didn’t we fund a similar bank for ourselves? Simply because powerful Wall Street interests did not want the competition from a government-owned bank that could make below-market loans for infrastructure and development. Major U.S. investors today prefer funding infrastructure through public-private partnerships, in which private partners can reap the profits while losses are imposed on local governments.
KfW and Germany’s Energy Revolution
Renewable energy in Germany is mainly based on wind, solar and biomass. Renewables generated 41 percent of the country’s electricity in 2017, up from just 6 percent in 2000; and public banks provided over 72 percent of the financing for this transition. In 2007-09, KfW funded all of Germany’s investment in Solar Photovoltaic. After that, Solar PV was introduced nationwide on a major scale. This is the sort of catalytic role that development banks can play--kickstarting a major structural transformation by funding and showcasing new technologies and sectors.
KfW is not only one of the biggest financial institutions but has been ranked one of the two safest banks in the world. (The other, Switzerland’s Zurich Cantonal Bank, is also publicly owned.) KfW sports triple-A ratings from all three major rating agencies--Fitch, Standard and Poor’s, and Moody’s. The bank benefits from these top ratings and the statutory guarantee of the German government, which allow it to issue bonds on very favorable terms and therefore to lend on favorable terms, backing its loans with the bonds.
KfW does not work through public-private partnerships, and it does not trade in derivatives and other complex financial products. It relies on traditional lending and grants. The borrower is responsible for loan repayment. Private investors can participate, but not as shareholders or public-private partners. Rather, they can invest in “Green Bonds,” which are as safe and liquid as other government bonds and are prized for their green earmarking. The first “Green Bond--Made by KfW” was issued in 2014 with a volume of $1.7 billion and a maturity of five years. It was the largest Green Bond ever at the time of issuance and generated so much interest that the order book rapidly grew to $3.02 billion, although the bonds paid an annual coupon of only 0.375 percent. By 2017, the issue volume of KfW Green Bonds reached $4.21 billion.
Investors benefit from the high credit and sustainability ratings of KfW, the liquidity of its bonds, and the opportunity to support climate and environmental protection. For large institutional investors with funds that exceed the government deposit insurance limit, Green Bonds are the equivalent of savings accounts--a safe place to park their money that provides a modest interest. Green Bonds also appeal to “socially responsible” investors, who have the assurance with these simple and transparent bonds that their money is going where they want it to. The bonds are financed by KfW from the proceeds of its loans, which are also in high demand due to their low interest rates, which the bank can offer because its high ratings allow it to cheaply mobilize funds from capital markets and its public policy-oriented loans qualify it for targeted subsidies.
Roosevelt’s Development Bank: The Reconstruction Finance Corporation
KfW’s role in implementing government policy parallels that of the Reconstruction Finance Corporation (RFC) in funding the New Deal in the 1930s. At that time, U.S. banks were bankrupt and incapable of financing the country’s recovery. President Franklin D. Roosevelt attempted to set up a system of 12 public “industrial banks” through the Federal Reserve, but the measure failed. Roosevelt then made an end run around his opponents by using the RFC that had been set up earlier by President Herbert Hoover, expanding it to address the nation’s financing needs.
The RFC Act of 1932 provided the RFC with capital stock of $500 million and the authority to extend credit up to $1.5 billion (subsequently increased several times). With those resources, from 1932 to 1957 the RFC loaned or invested more than $40 billion. As with KfW’s loans, its funding source was the sale of bonds, mostly to the Treasury itself. Proceeds from the loans repaid the bonds, leaving the RFC with a net profit. The RFC financed roads, bridges, dams, post offices, universities, electrical power, mortgages, farms and much more; it funded all of this while generating income for the government.
The RFC was so successful that it became America’s largest corporation and the world’s largest banking organization. Its success, however, may have been its nemesis. Without the emergencies of depression and war, it was a too-powerful competitor of the private banking establishment; and in 1957, it was disbanded under President Dwight D. Eisenhower. That’s how the United States was left without a development bank at the same time Germany and other countries were hitting the ground running with theirs.
Today some U.S. states have infrastructure and development banks, including California, but their reach is very small. One way they could be expanded to meet state infrastructure needs would be to turn them into depositories for state and municipal revenue. Rather than lending their capital directly in a revolving fund, this would allow them to leverage their capital into 10 times that sum in loans, as all depository banks are able to do, as I’ve previously explained.
The most profitable and efficient way for national and local governments to finance public infrastructure and development is with their own banks, as the impressive track records of KfW and other national development banks have shown. The RFC showed what could be done even by a country that was technically bankrupt, simply by mobilizing its own resources through a publicly owned financial institution. We need to resurrect that public funding engine today, not only to address the national and global crises we are facing now but for the ongoing development the country needs in order to manifest its true potential.
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The ”Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal resolution proposes. It says funding would come primarily from certain public agencies, including the U.S. Federal Reserve and “a new public bank or system of regional and specialized public banks.”
Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer. The real question is why we don’t already have one, as do China, Germany and other countries that are running circles around us in infrastructure development. Many European, Asian and Latin American countries have their own national development banks, as well as belong to bilateral or multinational development institutions that are jointly owned by multiple governments. Unlike the U.S. Federal Reserve, which considers itself “independent” of government, national development banks are wholly owned by their governments and carry out public development policies.
China not only has its own China Infrastructure Bank but has established the Asian Infrastructure Investment Bank, which counts many Asian and Middle Eastern countries in its membership, including Australia, New Zealand and Saudi Arabia. Both banks are helping to fund China’s trillion-dollar “One Belt One Road” infrastructure initiative. China is so far ahead of the United States in building infrastructure that Dan Slane, a former adviser on President Donald Trump’s transition team, has warned, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”
The leader in renewable energy, however, is Germany, called ”the world’s first major renewable energy economy.” Germany has a public sector development bank called KfW (Kreditanstalt fur Wiederaufbau or “Reconstruction Credit Institute”), which is even larger than the World Bank. Along with Germany’s nonprofit Sparkassen banks, KfW has largely funded the country’s green energy revolution.
Unlike private commercial banks, KfW does not have to focus on maximizing short-term profits for its shareholders while turning a blind eye to external costs, including those imposed on the environment. The bank has been free to support the energy revolution by funding major investments in renewable energy and energy efficiency. Its fossil fuel investments are close to zero. One of the key features of KfW, as with other development banks, is that much of its lending is driven in a strategic direction determined by the national government. Its key role in the green energy revolution has been played within a public policy framework under Germany’s renewable energy legislation, including policy measures that have made investment in renewables commercially attractive.
KfW is one of the world’s largest development banks, with assets totaling $566.5 billion as of December 2017. Ironically, the initial funding for its capitalization came from the United States, through the Marshall Plan in 1948. Why didn’t we fund a similar bank for ourselves? Simply because powerful Wall Street interests did not want the competition from a government-owned bank that could make below-market loans for infrastructure and development. Major U.S. investors today prefer funding infrastructure through public-private partnerships, in which private partners can reap the profits while losses are imposed on local governments.
KfW and Germany’s Energy Revolution
Renewable energy in Germany is mainly based on wind, solar and biomass. Renewables generated 41 percent of the country’s electricity in 2017, up from just 6 percent in 2000; and public banks provided over 72 percent of the financing for this transition. In 2007-09, KfW funded all of Germany’s investment in Solar Photovoltaic. After that, Solar PV was introduced nationwide on a major scale. This is the sort of catalytic role that development banks can play--kickstarting a major structural transformation by funding and showcasing new technologies and sectors.
KfW is not only one of the biggest financial institutions but has been ranked one of the two safest banks in the world. (The other, Switzerland’s Zurich Cantonal Bank, is also publicly owned.) KfW sports triple-A ratings from all three major rating agencies--Fitch, Standard and Poor’s, and Moody’s. The bank benefits from these top ratings and the statutory guarantee of the German government, which allow it to issue bonds on very favorable terms and therefore to lend on favorable terms, backing its loans with the bonds.
KfW does not work through public-private partnerships, and it does not trade in derivatives and other complex financial products. It relies on traditional lending and grants. The borrower is responsible for loan repayment. Private investors can participate, but not as shareholders or public-private partners. Rather, they can invest in “Green Bonds,” which are as safe and liquid as other government bonds and are prized for their green earmarking. The first “Green Bond--Made by KfW” was issued in 2014 with a volume of $1.7 billion and a maturity of five years. It was the largest Green Bond ever at the time of issuance and generated so much interest that the order book rapidly grew to $3.02 billion, although the bonds paid an annual coupon of only 0.375 percent. By 2017, the issue volume of KfW Green Bonds reached $4.21 billion.
Investors benefit from the high credit and sustainability ratings of KfW, the liquidity of its bonds, and the opportunity to support climate and environmental protection. For large institutional investors with funds that exceed the government deposit insurance limit, Green Bonds are the equivalent of savings accounts--a safe place to park their money that provides a modest interest. Green Bonds also appeal to “socially responsible” investors, who have the assurance with these simple and transparent bonds that their money is going where they want it to. The bonds are financed by KfW from the proceeds of its loans, which are also in high demand due to their low interest rates, which the bank can offer because its high ratings allow it to cheaply mobilize funds from capital markets and its public policy-oriented loans qualify it for targeted subsidies.
Roosevelt’s Development Bank: The Reconstruction Finance Corporation
KfW’s role in implementing government policy parallels that of the Reconstruction Finance Corporation (RFC) in funding the New Deal in the 1930s. At that time, U.S. banks were bankrupt and incapable of financing the country’s recovery. President Franklin D. Roosevelt attempted to set up a system of 12 public “industrial banks” through the Federal Reserve, but the measure failed. Roosevelt then made an end run around his opponents by using the RFC that had been set up earlier by President Herbert Hoover, expanding it to address the nation’s financing needs.
The RFC Act of 1932 provided the RFC with capital stock of $500 million and the authority to extend credit up to $1.5 billion (subsequently increased several times). With those resources, from 1932 to 1957 the RFC loaned or invested more than $40 billion. As with KfW’s loans, its funding source was the sale of bonds, mostly to the Treasury itself. Proceeds from the loans repaid the bonds, leaving the RFC with a net profit. The RFC financed roads, bridges, dams, post offices, universities, electrical power, mortgages, farms and much more; it funded all of this while generating income for the government.
The RFC was so successful that it became America’s largest corporation and the world’s largest banking organization. Its success, however, may have been its nemesis. Without the emergencies of depression and war, it was a too-powerful competitor of the private banking establishment; and in 1957, it was disbanded under President Dwight D. Eisenhower. That’s how the United States was left without a development bank at the same time Germany and other countries were hitting the ground running with theirs.
Today some U.S. states have infrastructure and development banks, including California, but their reach is very small. One way they could be expanded to meet state infrastructure needs would be to turn them into depositories for state and municipal revenue. Rather than lending their capital directly in a revolving fund, this would allow them to leverage their capital into 10 times that sum in loans, as all depository banks are able to do, as I’ve previously explained.
The most profitable and efficient way for national and local governments to finance public infrastructure and development is with their own banks, as the impressive track records of KfW and other national development banks have shown. The RFC showed what could be done even by a country that was technically bankrupt, simply by mobilizing its own resources through a publicly owned financial institution. We need to resurrect that public funding engine today, not only to address the national and global crises we are facing now but for the ongoing development the country needs in order to manifest its true potential.
The ”Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal resolution proposes. It says funding would come primarily from certain public agencies, including the U.S. Federal Reserve and “a new public bank or system of regional and specialized public banks.”
Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer. The real question is why we don’t already have one, as do China, Germany and other countries that are running circles around us in infrastructure development. Many European, Asian and Latin American countries have their own national development banks, as well as belong to bilateral or multinational development institutions that are jointly owned by multiple governments. Unlike the U.S. Federal Reserve, which considers itself “independent” of government, national development banks are wholly owned by their governments and carry out public development policies.
China not only has its own China Infrastructure Bank but has established the Asian Infrastructure Investment Bank, which counts many Asian and Middle Eastern countries in its membership, including Australia, New Zealand and Saudi Arabia. Both banks are helping to fund China’s trillion-dollar “One Belt One Road” infrastructure initiative. China is so far ahead of the United States in building infrastructure that Dan Slane, a former adviser on President Donald Trump’s transition team, has warned, “If we don’t get our act together very soon, we should all be brushing up on our Mandarin.”
The leader in renewable energy, however, is Germany, called ”the world’s first major renewable energy economy.” Germany has a public sector development bank called KfW (Kreditanstalt fur Wiederaufbau or “Reconstruction Credit Institute”), which is even larger than the World Bank. Along with Germany’s nonprofit Sparkassen banks, KfW has largely funded the country’s green energy revolution.
Unlike private commercial banks, KfW does not have to focus on maximizing short-term profits for its shareholders while turning a blind eye to external costs, including those imposed on the environment. The bank has been free to support the energy revolution by funding major investments in renewable energy and energy efficiency. Its fossil fuel investments are close to zero. One of the key features of KfW, as with other development banks, is that much of its lending is driven in a strategic direction determined by the national government. Its key role in the green energy revolution has been played within a public policy framework under Germany’s renewable energy legislation, including policy measures that have made investment in renewables commercially attractive.
KfW is one of the world’s largest development banks, with assets totaling $566.5 billion as of December 2017. Ironically, the initial funding for its capitalization came from the United States, through the Marshall Plan in 1948. Why didn’t we fund a similar bank for ourselves? Simply because powerful Wall Street interests did not want the competition from a government-owned bank that could make below-market loans for infrastructure and development. Major U.S. investors today prefer funding infrastructure through public-private partnerships, in which private partners can reap the profits while losses are imposed on local governments.
KfW and Germany’s Energy Revolution
Renewable energy in Germany is mainly based on wind, solar and biomass. Renewables generated 41 percent of the country’s electricity in 2017, up from just 6 percent in 2000; and public banks provided over 72 percent of the financing for this transition. In 2007-09, KfW funded all of Germany’s investment in Solar Photovoltaic. After that, Solar PV was introduced nationwide on a major scale. This is the sort of catalytic role that development banks can play--kickstarting a major structural transformation by funding and showcasing new technologies and sectors.
KfW is not only one of the biggest financial institutions but has been ranked one of the two safest banks in the world. (The other, Switzerland’s Zurich Cantonal Bank, is also publicly owned.) KfW sports triple-A ratings from all three major rating agencies--Fitch, Standard and Poor’s, and Moody’s. The bank benefits from these top ratings and the statutory guarantee of the German government, which allow it to issue bonds on very favorable terms and therefore to lend on favorable terms, backing its loans with the bonds.
KfW does not work through public-private partnerships, and it does not trade in derivatives and other complex financial products. It relies on traditional lending and grants. The borrower is responsible for loan repayment. Private investors can participate, but not as shareholders or public-private partners. Rather, they can invest in “Green Bonds,” which are as safe and liquid as other government bonds and are prized for their green earmarking. The first “Green Bond--Made by KfW” was issued in 2014 with a volume of $1.7 billion and a maturity of five years. It was the largest Green Bond ever at the time of issuance and generated so much interest that the order book rapidly grew to $3.02 billion, although the bonds paid an annual coupon of only 0.375 percent. By 2017, the issue volume of KfW Green Bonds reached $4.21 billion.
Investors benefit from the high credit and sustainability ratings of KfW, the liquidity of its bonds, and the opportunity to support climate and environmental protection. For large institutional investors with funds that exceed the government deposit insurance limit, Green Bonds are the equivalent of savings accounts--a safe place to park their money that provides a modest interest. Green Bonds also appeal to “socially responsible” investors, who have the assurance with these simple and transparent bonds that their money is going where they want it to. The bonds are financed by KfW from the proceeds of its loans, which are also in high demand due to their low interest rates, which the bank can offer because its high ratings allow it to cheaply mobilize funds from capital markets and its public policy-oriented loans qualify it for targeted subsidies.
Roosevelt’s Development Bank: The Reconstruction Finance Corporation
KfW’s role in implementing government policy parallels that of the Reconstruction Finance Corporation (RFC) in funding the New Deal in the 1930s. At that time, U.S. banks were bankrupt and incapable of financing the country’s recovery. President Franklin D. Roosevelt attempted to set up a system of 12 public “industrial banks” through the Federal Reserve, but the measure failed. Roosevelt then made an end run around his opponents by using the RFC that had been set up earlier by President Herbert Hoover, expanding it to address the nation’s financing needs.
The RFC Act of 1932 provided the RFC with capital stock of $500 million and the authority to extend credit up to $1.5 billion (subsequently increased several times). With those resources, from 1932 to 1957 the RFC loaned or invested more than $40 billion. As with KfW’s loans, its funding source was the sale of bonds, mostly to the Treasury itself. Proceeds from the loans repaid the bonds, leaving the RFC with a net profit. The RFC financed roads, bridges, dams, post offices, universities, electrical power, mortgages, farms and much more; it funded all of this while generating income for the government.
The RFC was so successful that it became America’s largest corporation and the world’s largest banking organization. Its success, however, may have been its nemesis. Without the emergencies of depression and war, it was a too-powerful competitor of the private banking establishment; and in 1957, it was disbanded under President Dwight D. Eisenhower. That’s how the United States was left without a development bank at the same time Germany and other countries were hitting the ground running with theirs.
Today some U.S. states have infrastructure and development banks, including California, but their reach is very small. One way they could be expanded to meet state infrastructure needs would be to turn them into depositories for state and municipal revenue. Rather than lending their capital directly in a revolving fund, this would allow them to leverage their capital into 10 times that sum in loans, as all depository banks are able to do, as I’ve previously explained.
The most profitable and efficient way for national and local governments to finance public infrastructure and development is with their own banks, as the impressive track records of KfW and other national development banks have shown. The RFC showed what could be done even by a country that was technically bankrupt, simply by mobilizing its own resources through a publicly owned financial institution. We need to resurrect that public funding engine today, not only to address the national and global crises we are facing now but for the ongoing development the country needs in order to manifest its true potential.
Democratic lawmakers are vowing to investigate the Trump administration's pressure campaign that may have led to ABC deciding to indefinitely suspend late-night talk show host Jimmy Kimmel.
Rep. Ro Khanna (D-Calif.) announced on Thursday that he filed a motion to subpoena Federal Communications Commission (FCC) Chairman Brendan Carr one day after he publicly warned ABC of negative consequences if the network kept Kimmel on the air.
"Enough of Congress sleepwalking while [President Donald] Trump and [Vice President JD] Vance shred the First Amendment and Constitution," Khanna declared. "It is time for Congress to stand up for Article I."
Rep. Robert Garcia (D-Calif.), the ranking member of the House Oversight Committee, also said on Thursday that he was opening an investigation into the potential financial aspects of Carr's pressure campaign on ABC, including the involvement of Sinclair Broadcasting Group, which is the network's largest affiliate and is currently involved in merger talks that will need FCC approval.
"The Oversight Committee is launching an investigation into ABC, Sinclair, and the FCC," he said. "We will not be intimidated and we will defend the First Amendment."
Progressive politicians weren't the only ones launching an investigation into the Kimmel controversy, as legal organization Democracy Forward announced that it's filed a a Freedom of Information Act request for records after January 20, 2025 related to any FCC efforts “to use the agency’s licensing and enforcement powers to police and limit speech and influence what the public can watch and hear.”
Democratic lawmakers on Thursday vowed to fight back against US President Donald Trump's efforts to attack and dismantle liberal and progressive organizations.
Led by Sen. Chris Murphy (D-Conn.), the Democrats introduced the No Political Enemies Act aimed at protecting organizations' free speech rights from retaliation from the federal government.
During his speech touting the new legislation, Murphy recounted recent actions by Trump and his administration, including the president's threats to "arrest members of the Soros family simply for funding groups that oppose his agenda," as well as Federal Communications Commission (FCC) Chairman Brendan Carr's pressure campaign to get ABC to fire late-night comedian Jimmy Kimmel.
Murphy then said that the No Political Enemies Act was necessary because "Donald Trump is right now instructing his Department of Justice to go on the hunt for his political enemies" for challenging him.
"Trump is making it 100% clear that he is going to ramp up his efforts to use the power of the federal government to punish his critics," he said. "This is legislation that makes sure that the law is on the side of free speech and the right to dissent."
The proposed law would give political organizations and individuals new tools to combat political harassment from the federal government, and would allow them to both recover attorney fees and more easily file lawsuits against federal officials who abuse their authority for political purposes.
Rep. Greg Casar (D-Texas), who also expressed support for the legislation, put the stakes facing Americans in stark terms.
"We are in the biggest free speech crisis this country has faced since the McCarthy era," he said. "The murder of Charlie Kirk was a horrific crime, and it's clear that Trump wants to hijack that horrific crime to silence anyone who disagrees with the president about any issue."
Casar, the chair of the Congressional Progressive Caucus, also took a shot at major corporations who have been caving to the president's demands in recent months.
"As we saw last night, far too many billionaires and corporate-owned media companies are bending the knee: Disney and ABC, Paramount and CBS, the Washington Post editorial board, Facebook," he said. "Let's be clear, the ultrawealthy men who own these companies are making a choice. David Ellison, Mark Zuckerberg, Jeff Bezos, Bob Iger—these men are enriching themselves, auctioning off the United State's First Amendment to a wannabe dictator and tyrant."
Rep. Maxwell Frost (D-Fla.) pointed out that the FCC's pressure campaign on ABC to fire Kimmel is particularly nefarious given that Sinclair Broadcasting Group, which is the network's largest affiliate, is currently involved in merger talks that will need FCC approval.
"All of this ties back to money and people enriching themselves, and bending the knee to Donald Trump to make it happen," he said.
The Democrats' proposed legislation comes after Trump announced late Wednesday night that he planned to designate “antifa,” a movement of autonomous individuals and loosely affiliated groups who oppose fascism, as a “major terrorist organization."
It also comes comes days after Trump adviser Stephen Miller began pushing a plan to "dismantle" the organized left using the power of the federal government.
During a recent appearance on Fox News, Miller described the entire left as a "domestic terrorism movement in this country," and vowed "to dismantle and take on the radical left organizations in this country that are fomenting violence."
President Donald Trump's Department of Education has announced that it will partner with right-wing think tanks and organizations to develop a new curriculum for “patriotic education” in American classrooms.
Earlier this week, the Trump administration redirected $137 million initially meant for programs aimed at minority students toward what it described as "American history and civics education."
Education Secretary Linda McMahon announced Wednesday that the money will be directed toward discretionary grants aimed at K-12 schools that adopt a new curriculum being drawn up by the 250 Civics Education Coalition—a consortium of more than 40 right-wing groups that launched on same day. The goal, McMahon said, was to advance education that "emphasizes a unifying and uplifting portrayal of the nation's founding ideals" in advance of the nation's 250th anniversary in 2026.
It is not Trump's first crack at instilling the nation's youth with a "patriotic education." In the waning days of his first term in office, Trump unveiled the 1776 Report, which, education columnist Jennifer Berkshire recently noted in The Baffler, "was widely panned by actual historians for its worshipful treatment of the Founding Fathers, its downplaying of slavery, and its portrayal of a century-old 'administrative state' controlled by leftist radicals."
While little has been publicized yet about what McMahon's new endeavor will look like, it is known who will be crafting it. The initiative is being led by the America First Policy Institute, a MAGA-aligned think tank that has been responsible for staffing Trump's second administration and has received over $1 million from his political action committee, the Save America PAC. Until 2023, McMahon herself served on the board of AFPI.
In 2022, the group presented a piece of model legislation for a "Civics Course Act" to be introduced in states. It included requirements for students to spend ample time studying the nation's founding documents and figures while banning the teaching of what it called the "defamatory history of America’s founding," which suggests that slavery or inequality are in any way inherent to the nation's institutions.
It also banned the concepts of "systemic racism" and "gender fluidity" and forbade teachers from giving students course credit for engaging with "social or public policy advocacy."
Also included in the coalition is Hillsdale College, a private Christian liberal arts school in Michigan that has proposed its own K-12 curriculum, which Vanity Fair notes "has been criticized for revisionist history, including whitewashed accounts of US slavery and depictions of Jamestown as a failed communist colony."
Another participant is PragerU, the overtly partisan and often factually loose YouTube channel that has been tasked with creating children's educational content in nearly a dozen red states.
The group has produced content venerating figures notorious for practicing slavery, like colonist Christopher Columbus and Confederate Gen. Robert E. Lee. Its videos have argued, among other things, that climate change is a myth, that European fascism was a "far-left" ideology, and that Israel has "the world's most moral army."
The pro-Trump youth group Turning Point USA will also be involved in crafting the curriculum. Its longtime leader, Charlie Kirk, who was assassinated in Utah last week, went on a crusade last year to, in his words, "tell the truth" about Martin Luther King Jr., whom he described as "an awful person," while claiming his signature achievement, the 1964 Civil Rights Act, was a "huge mistake."
An offshoot of Kirk's group, Turning Point Education, said Kirk's assassination has increased its resolve to promote a "God-centered, virtuous education" in US public schools.
The 250 Civics Education Coalition has not yet published a curriculum. But according to the Department of Education, it will be rolling out "a robust programming agenda" over the next 12 months.
During Trump's second term, he has undertaken an effort to purge federal museums and national parks of what one executive order called "improper ideology," which has resulted in the erasure of exhibits and monuments to Black and Native American history. Last month, he lamented that the Smithsonian Museum focuses too much on "how bad slavery was" and ordered a review of the museum's content.
Federal websites, meanwhile, have systematically eliminated many pages that acknowledged the accomplishments of nonwhite historical figures or important events in women's and LGBTQ+ history.
Critics in the education world view Trump's effort to use grants to induce them to adopt his preferred curriculum as an illegal effort to propagandize children.
"The law is clear," said education historian Diane Ravitch in a blog post. "Federal officials are prohibited from seeking to influence or direct curriculum in any way."
Since 1970, the federal government has been barred by law from "any direction, supervision, or control over the curriculum" of public schools.
"Civic education is and must be non-partisan," said Ted McConnell, the executive director of the Campaign for the Civic Mission of Schools. "While the funding is long sought, this is the wrong approach and smacks of authoritarianism."