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Project on Government Oversight
 

 

 

 

Several POGO Recommendations Adopted in Financial Reform Bill

July 15, 2010 

 

The Senate joined the House today in passing a massive overhaul of the U.S. financial regulatory system. Although the bill is far from perfect, POGO applauds Congress for ensuring that it includes strong measures necessary for avoiding another financial meltdown such as increasing transparency, protecting whistleblowers, and holding financial regulators accountable.
 
“The financial crisis made it painfully clear what can happen when companies and regulators operate behind closed doors with no accountability,” said POGO Executive Director Danielle Brian. “These new measures will protect taxpayers, investors, consumers, and the financial industry employees who are on the front line exposing corruption.”
 
Click here to see some of the measures that were recommended by POGO and adopted.
 
POGO will be closely monitoring the implementation of the bill to ensure that its transparency and accountability provisions aren’t watered down in the rulemaking process.


Founded in 1981, the Project On Government Oversight (POGO) is a nonpartisan independent watchdog that champions good government reforms. POGO's investigations into corruption, misconduct, and conflicts of interest achieve a more effective, accountable, open, and ethical federal government.

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