News

WASHINGTON — Congressional Progressive Caucus (CPC) Deputy Chair Rep. Ilhan Omar (MN-05) and CPC Member and Ranking Member of the House Foreign Affairs Subcommittee on the Western Hemisphere Rep. Joaquin Castro (TX-20) released the following statement ahead of a vote on the bipartisan War Powers Resolution H.Con.Res. 68, led by Reps. McGovern (MA-02), Massie (R-KY-o4), and Castro, directing the President to end unauthorized hostilities against Venezuela:

“Trump began the year by flagrantly violating international law and the Constitution, invading and bombing Venezuela, kidnapping its head of state, killing dozens in the process, seizing control of the country’s oil, and inviting U.S. fossil fuel executives to take the spoils.

“The administration has since sequestered hundreds of millions of dollars from Venezuela’s oil revenue in Qatari banks, far from Congressional oversight. The United States continues to maintain a naval blockade of the country—an act of war—seizing its seventh oil tanker yesterday and routinely putting U.S. servicemembers in harm’s way for a military offensive explicitly justified to take over a sovereign country’s natural resources and coerce its government into doing Trump’s bidding.

“At this dire moment, Congress must reclaim its sole Constitutional authority over war and peace. We call on Democrats and Republicans to vote yes on the bipartisan McGovern-Massie-Castro War Powers Resolution to send a message to this out-of-control Administration that it cannot bomb, invade, and overthrow governments across the globe and seize their resources.

“Today, both the longstanding targets of U.S. aggression and historic allies alike agree that Trump’s foreign policy—based on open conquest and imperial violence—is a threat to the entire world. Congress has the power to rein in this erratic and unhinged president and force him to comply with the rule of law. The CPC has consistently led the effort to reassert Congress’s war powers under Democratic and Republican administrations alike. Tomorrow, the people’s elected representatives must vote in a bipartisan way to approve this resolution and say no to destabilizing and illegal wars for oil.”

In September 2025, the Progressive Caucus introduced the first War Powers Resolution in Congress related to ending Trump’s illegal actions in the hemisphere, led by CPC Members Reps. Omar, Chuy García (IL-04), Greg Casar (TX-35), Jim McGovern, and Joaquin Castro.

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The Congressional Progressive Caucus (CPC) is made up of nearly 100 members standing up for progressive ideals in Washington and throughout the country. Since 1991, the CPC has advocated for progressive policies that prioritize working Americans over corporate interests. The CPC champions policies including comprehensive immigration reform, good-paying jobs, fair trade, universal health care, debt-free college, climate action, and a just foreign policy. The caucus is the leading voice calling for bold and sweeping solutions to the urgent crises facing this nation, including ending America’s broken for-profit health care system, raising American wages, eliminating political corruption, supporting the labor movement, and taking action to protect the planet for generations to come.

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WASHINGTON — La vicepresidenta del Caucus Progresista del Congreso (CPC), la representante Ilhan Omar (MN-05), y el miembro del CPC y miembro de mayor rango del Subcomité de Asuntos Exteriores de la Cámara de Representantes para el Hemisferio Occidental, el congresista Joaquín Castro (TX-20), difundieron la siguiente declaración antes de la votación de una Resolución de Poderes de Guerra bipartidista que ordena al presidente poner fin a las hostilidades no autorizadas contra Venezuela:

“Trump comenzó el año violando de forma flagrante el derecho internacional y la Constitución, invadiendo y bombardeando Venezuela, secuestrando a su jefe de Estado, matando a decenas de personas en el proceso, tomando el control del petróleo del país e invitando a ejecutivos estadounidenses de combustibles fósiles a quedarse con el botín”.

“Desde entonces, la administración ha inmovilizado cientos de millones de dólares de los ingresos petroleros de Venezuela en bancos de Qatar, lejos de la supervisión del Congreso. Estados Unidos sigue manteniendo un bloqueo naval contra el país —un acto de guerra—, incautando ayer su séptimo buque petrolero y poniendo rutinariamente a integrantes de las Fuerzas Armadas estadounidenses en riesgo por una ofensiva militar justificada explícitamente para apoderarse de los recursos naturales de un país soberano y obligar a su gobierno a cumplir los deseos de Trump”.

“En este momento tan grave, el Congreso debe recuperar su única autoridad constitucional sobre la guerra y la paz. Hacemos un llamado a demócratas y republicanos a votar sí a la Resolución de Poderes de Guerra McGovern–Massie–Castro, para enviar un mensaje a esta administración fuera de control: no puede bombardear, invadir y derrocar gobiernos en todo el mundo y apropiarse de sus recursos”.

“Hoy, tanto los objetivos históricos de la agresión estadounidense como aliados tradicionales coinciden en que la política exterior de Trump —basada en la conquista abierta y la violencia imperial— representa una amenaza para el mundo entero. El Congreso tiene el poder de frenar a este presidente errático y desquiciado y obligarlo a cumplir con el Estado de derecho. El CPC ha liderado de manera consistente el esfuerzo por reafirmar los poderes de guerra del Congreso bajo administraciones demócratas y republicanas por igual. Mañana, los representantes electos del pueblo deben votar de manera bipartidista para aprobar esta resolución y decir no a guerras desestabilizadoras e ilegales por petróleo.”

En septiembre de 2025, el Caucus Progresista presentó la primera Resolución de Poderes de Guerra en el Congreso relacionada con poner fin a las acciones ilegales de Trump en el hemisferio, encabezada por miembros del CPC: las y los representantes Omar, García, Greg Casar (TX-35), Jim McGovern (MA-02) y Joaquin Castro (TX-20).

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El Caucus Progresista del Congreso (CPC) está integrado por casi 100 miembros que defienden ideales progresistas en Washington y en todo el país. Desde 1991, el CPC ha promovido políticas progresistas que priorizan a las y los trabajadores estadounidenses por encima de los intereses corporativos. El CPC impulsa políticas como una reforma migratoria integral, empleos con buenos salarios, comercio justo, salud universal, el acceso a la educación superior sin endeudamiento, la acción climática y una política exterior justa. El caucus es la principal voz que reclama soluciones firmes y de amplio alcance ante las crisis urgentes que enfrenta el país, entre ellas poner fin al fallido sistema de salud con fines de lucro, aumentar los salarios, eliminar la corrupción política, apoyar al movimiento sindical y actuar para proteger el planeta para las generaciones futuras.

WASHINGTON — Congressional Progressive Caucus (CPC) Deputy Chair Rep. Ilhan Omar (MN-05) released the following statement opposing this week’s House Appropriations bill, which contains $28 billion in annual funding for Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP):

“I will be joining my progressive House colleagues to vote no on this week’s appropriations bill, which provides tens of billions of dollars to Donald Trump’s ICE with no meaningful checks on its lawless and violent behavior. I call on all members of Congress to join us in opposing this legislation.

“Kristi Noem’s ICE is completely out of control. In my community of Minneapolis, a masked ICE officer fired three times at point blank range on Renee Good, a mother of three, killing her in her own vehicle as she attempted to turn away. Senior Trump Administration officials then smeared the victim as a domestic terrorist, lied about what happened, and deployed the Vice President of the United States to say her killer ‘deserves a debt of gratitude.’

“ICE is shooting people in broad daylight, beating up teenagers, spraying tear gas on peaceful protesters, ripping people out of their cars and homes without warrants, racially profiling people based on their accents, taking kids from schools, and abducting people and shipping them to faraway detention camps with brutal conditions and no due process.

“We say no to Congressional Republicans pushing legislation that provides $400 million more in ICE detention and $370 million more in ICE enforcement, on top of the unprecedented $75 billion that the agency received in Trump’s Big Ugly Bill as ICE terrorizes our communities—all paid for by cutting Americans’ health care and nutrition support.

“The Progressive Caucus is unified. I applaud our members for voting to adopt an official position to deny all funding to ICE’s enforcement actions until serious oversight, accountability and reforms are imposed, including an end to the violent occupation of American cities like Minneapolis. No more blank checks for a rogue agency that operates above the law, escalates violence, and erodes our most basic freedoms.”

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WASHINGTON, D.C. – Following a vote of its membership, the Congressional Progressive Caucus has adopted an official position opposing new funding for Department of Homeland Security immigration enforcement until significant reforms are enacted.

The official position reads: “The CPC opposes any appropriations bill that provides any funding to immigration enforcement agencies within the Department of Homeland Security unless there are meaningful and significant reforms to immigration enforcement practices.”

The official position comes amid growing concern about the pattern of violence resulting from Trump’s reckless mass deportation policies. Last week, an ICE agent shot and killed Renee Nicole Good, an unarmed U.S. citizen. Then, Customs and Border Protection agents shot and wounded two people in Portland, Oregon. These are just two of the latest incidents of violence and chaos resulting from Trump’s policies, affecting immigrant communities and U.S. citizens alike.

Previously, the CPC endorsed a slate of bills designed to reign in some of the worst excesses of Trump’s immigration abuses.

Led by Deputy Chair Ilhan Omar, CPC members will hold a press conference Tuesday at the Capitol to announce and discuss the position. A livestream is available here.

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WASHINGTON — Congressional Progressive Caucus (CPC) Deputy Chair Rep. Ilhan Omar (MN-05) released the following statement after news that Trump launched airstrikes inside Venezuela and captured its head of state:

“Trump’s invasion of Venezuela is blatantly illegal and unconstitutional. He has no authority to deploy U.S. forces into foreign countries to bomb them, capture heads of state, and overthrow governments in regime-change wars. With today’s action, Trump is signaling a new era of open domination of the hemisphere and continued disregard for international law and sovereignty. This is not about combatting narcotrafficking. Trump is putting our servicemembers in harm’s way as he boasts about taking Venezuela’s oil and resources.

“Congress must stand up for its sole constitutional authority to authorize offensive force. We cannot allow Trump to destroy our relationships abroad and create a failed state that triggers violence, mass migration, and regional destabilization. Unless Congress reasserts its war powers, Trump could carry out new, unauthorized actions to depose Maduro’s successor, impose crippling naval blockades, hijack oil tankers, and kill more civilians in airstrikes.

“This is why as Congress returns to session this week, we must vote on a War Powers Resolution, so that the people’s elected representatives can have an open debate and vote on the merits of a war against Venezuela—before Trump’s regime-change efforts cause further chaos and harm. I call on all House members, Democrats and Republicans alike, to stand up for the Constitution and vote to end Trump’s unauthorized aggression.”

In September, the Progressive Caucus introduced the first War Powers Resolution in Congress related to ending Trump’s illegal actions in the hemisphere, led by CPC Members Reps. Omar, García, Greg Casar (TX-35), Jim McGovern (MA-02), and Joaquin Castro (TX-20). This resolution has been deemed as privileged, meaning a floor vote can occur upon Congress’s return to legislative session.

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La vicepresidenta del Caucus Progresista llama a una votación inmediata para poner fin a la guerra ilegal de Trump contra Venezuela

WASHINGTON — La vicepresidenta del Caucus Progresista del Congreso (CPC), la congresista Ilhan Omar (MN-05), emitió la siguiente declaración tras conocerse que Trump lanzó ataques aéreos dentro de Venezuela y depuso a su jefe de Estado:

“La invasión de Venezuela por parte de Trump es flagrante y manifiestamente ilegal e inconstitucional. No tiene autoridad para desplegar fuerzas estadounidenses en países extranjeros con el fin de bombardearlos, capturar jefes de Estado y derrocar gobiernos a través de guerras de cambio de régimen. Con la acción de hoy, Trump está señalando una nueva era de dominación abierta en el hemisferio y de desprecio por el derecho internacional y la soberanía. Esto no tiene nada que ver con combatir el narcotráfico. Trump está poniendo en peligro a nuestros miembros de las Fuerzas Armadas mientras se jacta de apoderarse del petróleo y los recursos de Venezuela.

“El Congreso debe defender su autoridad constitucional exclusiva para autorizar el uso de la fuerza ofensiva. No podemos permitir que Trump destruya nuestras relaciones en el exterior y cree un Estado fallido que desencadene violencia, migración masiva y desestabilización regional. A menos que el Congreso reafirme sus poderes de guerra, Trump podría llevar a cabo nuevas acciones no autorizadas para deponer a quien suceda a Maduro, imponer bloqueos navales devastadores, secuestrar barcos petroleros y matar a más civiles en ataques aéreos.

“Por eso, cuando el Congreso retome sesiones esta semana, debemos votar una Resolución de Poderes de Guerra (WPR, por sus siglas en inglés), para que los legisladores electos del pueblo puedan tener un debate abierto y votar sobre los méritos de una guerra contra Venezuela, antes de que los esfuerzos de cambio de régimen de Trump provoquen aún más caos y daño. Hago un llamado a todos los miembros de la Cámara, demócratas y republicanos por igual, a defender la Constitución y a votar para poner fin a la agresión no autorizada de Trump”.

En septiembre, el Caucus Progresista presentó la primera Resolución de Poderes de Guerra en el Congreso relacionada con poner fin a las acciones ilegales de Trump en el hemisferio, encabezada por los miembros del CPC, las y los congresistas Omar, García, Greg Casar (TX-35), Jim McGovern (MA-02) y Joaquin Castro (TX-20). Esta resolución ha sido considerada privilegiada, lo que significa que puede someterse a votación en el pleno cuando el Congreso regrese al período de sesiones legislativas.

WASHINGTON — Congressional Progressive Caucus (CPC) Deputy Chair Rep. Ilhan Omar (MN-05) released the following statement following the narrow defeat of H.Con.Res. 64 to stop Trump’s illegal war against Venezuela:

“Nearly a quarter-century ago, the American people were misled by a lawless president promoting lies about weapons of mass destruction, all to invade an oil-rich country that posed no threat to us. The result was a disaster that killed thousands of American servicemembers, hundreds of thousands in Iraq, and destabilized the entire region. Trump is pursuing the same course today in Venezuela, absurdly designating fentanyl a WMD while blockading Venezuela until the country gives him ‘all of the Oil, Land, and other Assets.’

“Tonight’s razor-thin, 211-to-213 vote on the bipartisan War Powers Resolution to end these illegal hostilities puts Trump on notice. America has no kings, and Trump has no mandate to push his unconstitutional military campaign against Venezuela. If Trump continues to carry out oil-tanker seizures, impose a naval blockade, and put American servicemembers in harm’s way for an illegal regime-change war, he can surely expect a vote to immediately stop this disastrous conflict. The Progressive Caucus is committed to its passage.”

In September, the Progressive Caucus introduced the first War Powers Resolution in Congress related to ending Trump’s illegal actions in the hemisphere, led by CPC Members Reps. Omar, García, Greg Casar (TX-35), Jim McGovern (MA-02), and Joaquin Castro (TX-20). The bipartisan H.Con.Res.64, led by McGovern and Castro, adapted that language and secured the cosponsorship of three House Republicans, Reps. Massie (KY-04), Bacon (NE-02), and Greene (VA-14).

WASHINGTON — Congressional Progressive Caucus (CPC) Deputy Chair Rep. Ilhan Omar (MN-05) issued the following statement in response to House Republicans’ failure to protect healthcare for millions of Americans:

“Today’s vote on House Republicans’ warmed-over partisan policies was a disgrace. It did nothing to protect the 22 million Americans who will see their monthly premiums double on average. Their cruelty and incompetence will make health insurance so unaffordable that millions will face no choice but to go without any coverage at all.

“Speaker Johnson has failed the American people and members of his own conference, whose constituents are demanding the relief that every House Democrat has supported: a simple three-year extension of Affordable Care Act tax credits. But that vote cannot wait until January, after the credits expire, for a Democratic discharge petition to be considered. Americans will face this financial cliff in a matter of days.

“We demand that Speaker Johnson keep the House in session to schedule a vote to pass a clean, three-year extension of Affordable Care Act tax credits to provide ordinary Americans with the healthcare they need. If Johnson could move heaven and earth to deliver tax cuts to the richest and most powerful donors to Trump and the Republican Party, he can keep the House open to pass tax credits that protect millions of Americans’ healthcare and which now has support from the majority of Congress.

“The Progressive Caucus will not stop fighting for affordable healthcare, and more importantly, insurance that will move us away from a privatized for-profit system. The real solution to this crisis is a truly universal system, like Medicare for All, that provides healthcare as a human right to all Americans.”

WASHINGTON — Following a survey of its members, the Congressional Progressive Caucus announced its official position to oppose the SPEED Act, legislation that undermines the National Environmental Policy Act in favor of fossil fuel industries and allows the Trump administration’s attacks on clean energy to go unaddressed. The position was adopted after a super-majority of the caucus voted to formally oppose the legislation.

The SPEED Act weakens the National Environmental Policy Act (NEPA) by narrowing the definition of major federal action, expanding categorical exclusions, limiting the requirement to study long-term or cumulative impacts, reducing the scope of NEPA analysis, and limiting legal challenges by reducing the deadline for filing claims and imposing extreme restrictions on who can challenge bad projects. The bill restricts what federal agencies can consider when evaluating the environmental and public health consequences of major proposed projects, including removing agencies’ ability to incorporate new scientific analysis during reviews and limiting agencies’ environmental analysis to near-term and proximate impacts. The bill would also limit public input and legal recourse by cutting the window for filing lawsuits down from six years to an unreasonably short 150 days and prohibiting courts from challenging agency environmental findings. Environmental protection groups warn that this is a dangerous attempt to gut NEPA, the nation’s bedrock environmental law, turning it into a toothless procedural formality.

The effect of this bill will be to prioritize oil and gas, and SPEED Act does nothing to advance permitting reforms for clean energy that progressives have long championed, which include:

Investing in the No. 1 cause of project delays: staffing capacity at permitting agencies tasked with implementing NEPA protections. The Inflation Reduction Act invested $1 billion for NEPA staffing, which accelerated permitting timelines by 150%, but was gutted by Republicans’ Big Ugly Bill.
Reforming the electricity transmission at a federal and interregional level to make it easier to get new electricity-generating projects, largely using renewables, to homes and businesses. Currently, thousands of clean-energy developers face backlogs in waiting to connect to the grid.

WASHINGTON — Today, the Congressional Progressive Caucus and Congresswoman Bonnie Watson Coleman (NJ-12) announced the creation of the Caucus’s Taskforce on Rebuilding and Reimagining the Government.

The taskforce, created in response to the harm the Trump Administration has done to the functioning and responsiveness of the federal government, will examine the recent erosion in the effectiveness of federal agencies within the Executive Branch and make legislative proposals to address the shortcomings of the federal government, restore and improve agencies’ critical roles and functioning, protect them from destructive actions by their executive leadership, and develop bold new ideas to reorient these agencies wherever appropriate to deliver more immediate, visible, and direct benefits for the American people.

The taskforce will culminate in a report published by the end of 2026 as well as legislative proposals.

Congresswoman Watson Coleman is an Executive Board Member of the CPC who led its Policing, Constitution, and Equality Task Force. She also Chairs the Democratic Caucus’s Taskforce on Poverty and founded and chaired the Congressional Black Caucus Taskforce on Black Youth Suicide and Mental Health in 2019.

“We’ve seen the damage one administration can do to the working of the federal government when our institutions are weak. However, a people’s lack of trust in the ability of the Federal Government to deliver for them far preceded the Trump Presidencies,” said Watson Coleman. “We have a responsibility to both strengthen our democratic institutions as well as ensure they are oriented toward serving everyday people. This is no small task, but the Progressive Caucus has some of the most brilliant, forward thinking and creative minds in Congress who I know are up to the task of rebuilding and reimagining a government that works for everyone.”

“A functioning democracy requires a government that people can trust to improve their lives,” said CPC Deputy Chair Rep. Ilhan Omar (MN-05). “I am proud to join this taskforce to rebuild and reimagine a federal government centered on improving people’s daily lives. Our work must go beyond undoing damage; it must fundamentally transform how agencies operate so they serve the people instead of powerful special interests.”

The Taskforce will convene its first official meeting in early 2026.

WASHINGTON — Congressional Progressive Caucus (CPC) Deputy Chair Rep. Ilhan Omar (MN-05) and CPC Whip Rep. Jesús “Chuy” García (IL-04) released the following statement on H.Con.Res. 61 and H.Con.Res. 64, Congressional directives to remove U.S. forces from unauthorized hostilities in the Western Hemisphere:

“As Trump once again threatens ‘land strikes on Venezuela,’ every U.S. Representative will face a simple, up-or-down choice on the House floor this week: Will you stand up for the Constitution and vote to stop Trump’s illegal warmaking or not? This is not a partisan issue: three in four Americans oppose a regime-change war to overthrow the Venezuelan government, including two-thirds of Republicans.

“The Progressive Caucus is proud to support two resolutions led by House Foreign Affairs and Rules Committee Ranking Members Meeks and McGovern to end Trump’s brutal military campaign that has killed at least 87 people and is driving us toward a catastrophic forever war in Venezuela. The resolutions are privileged under the War Powers Resolution and are available for floor action this week.

“With a floor vote imminent, both Democrats and Republicans must send a strong message to the Trump Administration: Only Congress can authorize offensive military force, not the President. Trump is deploying U.S. personnel to seize Venezuelan oil tankers in international waters. He has launched double-tap airstrikes killing capsized and defenseless individuals. Trump declared a no-fly zone on Venezuelan airspace, deployed F-18 fly-overs in the Gulf of Venezuela, and refused to rule out troop deployments, while threatening to overthrow heads of state across the region. These are illegal hostilities that could destabilize the entire region and fuel mass migration. Congress must stop this unconstitutional military campaign by passing these War Powers Resolutions.”

In September, the Progressive Caucus introduced the first War Powers Resolution in Congress related to ending Trump’s illegal actions in the hemisphere, led by CPC Members Reps. Omar, García, Greg Casar (TX-35), Jim McGovern (MA-02), and Joaquin Castro (TX-20). Reps. Meeks’ and McGovern’s resolutions address both illegal elements of the CPC’s resolution.

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Previo a las votaciones, el Caucus Progresista insta al Congreso a aprobar resoluciones privilegiadas para detener la guerra con Venezuela

WASHINGTON — La vicepresidenta del Caucus Progresista del Congreso (CPC), la Representante Ilhan Omar (MN-05), y el Representante Jesús “Chuy” García (IL-04), coordinador de votación del CPC, emitieron la siguiente declaración sobre la Resolución Congressional 61 y Resolución Congressional 64, Directivas del Congreso para retirar a las fuerzas estadounidenses de las hostilidades no autorizadas en el hemisferio occidental:

“Conforme Trump vuelve a amenazar con ‘ataques terrestres contra Venezuela’, cada representante estadounidense se enfrentará esta semana a una decisión crucial en la Cámara de Representantes: ¿Defenderán la Constitución y votarán para detener la guerra ilegal de Trump o no? Este no es un asunto partidista: tres de cada cuatro estadounidenses se oponen a una guerra de cambio de régimen para derrocar al gobierno venezolano, incluyendo dos tercios de los republicanos.

“El Caucus Progresista se enorgullece de apoyar dos resoluciones impulsadas por los miembros de mayor rango de los Comités de Asuntos Exteriores y de Reglamentos de la Cámara de Representantes, Meeks y McGovern, para poner fin a la brutal campaña militar de Trump, que ha causado la muerte de al menos 87 personas y nos está llevando hacia una guerra interminable y catastrófica en Venezuela. Estas resoluciones tienen prioridad en virtud de la Ley de Poderes de Guerra y están disponibles para su votación en el pleno esta semana.

“Con un voto inminente, tanto Demócratas como Republicanos envíen un mensaje contundente a la Administración Trump: Solo el Congreso puede autorizar el uso de fuerza militar ofensiva, no el presidente. Trump está desplegando personal estadounidense para incautar barcos petroleros venezolanos en aguas internacionales. Ha lanzado ataques dobles que han matado a personas indefensas en barcos volcados. Declaró una zona de exclusión aérea en el espacio aéreo venezolano, despliega aviones F-18 sobre el Golfo de Venezuela y se niega a descartar el despliegue de tropas, mientras amenaza con derrocar a jefes de estado en toda la región. Estas son hostilidades ilegales. El Congreso debe detener esta campaña militar inconstitucional aprobando ambas Resoluciones de Poderes de Guerra.”

En septiembre, el Caucus Progresista presentó la primera Resolución de Poderes de Guerra en el Congreso relacionada con las acciones ilegales de Trump en el hemisferio, liderada por los miembros del CPC Omar, García, Greg Casar (TX-35), Jim McGovern (MA-02) y Joaquín Castro (TX-20), en la que se basarán ambas votaciones.

WASHINGTON — Following a survey of its members, the Congressional Progressive Caucus announced its official position to oppose the INVEST Act unless three provisions that weaken financial protections for ordinary Americans (Secs. 202, 205, 206) are removed.

Many of the titles of what became the INVEST Act were reported out of committee with unanimous or near-unanimous support, creating the potential for a package suitable to consider on the floor under suspension of the rules. However, Republicans insisted on attaching a number of particularly harmful provisions to the INVEST Act over the objections of Ranking Member Waters in an end-of-year deregulatory giveaway to Wall Street.

Section 202 (or H.R. 1013) expands the availability of complicated and risky financial products to underregulated 403(b) retirement plans used by millions of teachers, nonprofit workers, and others. Section 205 (or H.R. 2441) changes the default delivery method for financial disclosures to electronic notification instead of paper mail, leaving many who rely on physical mail for financial information behind. Finally, Section 206 (or H.R. 3383) would open high-risk, high-fee, volatile private funds that lack regulatory guardrails to ordinary retail investors.

With the inclusion of these three provisions, consumer advocacy groups warn that the legislation is a step in the direction of more deregulation in capital markets, particularly opaque private markets, where smaller investors are at a disadvantage compared to well-positioned insiders.

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