Citizen Advocate: An Update For Members Of PIRGIM
PIRGIM.ORG HOW YOU CAN HELP MEMBERSHIP

Financial Security

Preventing The Need For Future Bailouts
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NO MORE BAILOUTS—PIRGIM is working to pass new protections to prevent the CEOs of big banks and insurance companies from making risky bets that endanger the economy.

PIRGIM, along with other state PIRGs across the country, is working to pass broad new protections for consumers that will minimize the chance that reckless and irresponsible behavior by Wall Street banks and insurance giants can ever again push our economy to the edge of collapse.

Ed Mierzwinski, senior fellow for our federal consumer program, is a leader of a new coalition of organizations that will promote consumer, taxpayer, homeowner and shareholder interests in any new bank reforms.

We’re supporting the creation of a Financial Product Safety Commission with the authority to regulate the safety and the suitability of financial products and to recall or even ban unsafe or predatory products and practices. A bill to create this oversight board was introduced by Sens. Dick Durbin (Ill.), Chuck Schumer (N.Y.) and Ted Kennedy (Mass.) in March.

Product Safety

New Leadership Needed For Toy Safety

Liz Hitchcock, our public health advocate in Washington, D.C., urged the Obama administration to replace the head of the Consumer Product Safety Commission (CPSC) with a strong proponent of product safety.

“Consumers need a product safety watchdog who puts America’s kids first,” said Hitchcock.

Caving in to pressure from manufacturers, in January the CPSC’s chair, Nancy Nord, announced a one-year delay to the enforcement of a new product safety law intended to make children’s toys and products safer.

Product safety champions on Capitol Hill and across the country joined us in urging the Obama administration to replace Nord, a Bush administration appointee who opposed the new product safety law.

Under the law, which passed in August 2008, manufacturers must test toys and infant products before they are sold. It also bans lead and hormone-disrupting phthalates in toys.

Money & Politics

Fair Elections Now Act Introduced

PIRGIM has long supported fixing our campaign finance laws to encourage candidates to raise campaign funds from small donations rather than the current big-donor-dominated system. The Fair Elections Now Act, authored by Sen. Durbin (Ill.) with significant input from PIRGIM democracy advocate Lisa Gilbert, will do just that.

Introduced in March, the fair elections bill aims to encourage small donations by providing a candidate $4 in federal funding for every $1 in small donations received. For example, a contribution of $50 would provide $200 in federal funding for candidates.

“Our nation’s current campaign financing system makes it virtually impossible for our elected officials and candidates for office to be viable without the support of big donors,” said Gilbert. “That skews the democratic process.”

Higher Education Project

Pell Grants Receive A Big Increase

The maximum federal Pell Grant award will increase from $4,730 to $5,550 as of July 1, thanks to a Student PIRG-backed measure contained in President Obama’s economic recovery package.

The Pell Grant program aids almost 7 million low-income students.
 
PIRGIM’s federal education associate, Rich Williams, helped to build a coalition with the United States Student Association and other groups to ensure the aid was included in the final package. Student PIRG campus chapters worked to get more than 200 colleges and universities signed on to a letter calling on Congress to increase the Pell Grant Program. 

PIRGIM
Citizen Advocate
Summer 2009
Vol. 27, No. 1



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To Our Members

President Obama is off to a good start. So far, he’s been talking about and—more importantly—getting to work on the most critical items on our agenda. But whether or not we’ll get the change we need hinges on what happens in the next few months . . .