(Updated) Obama Releases Reform Plan for Financial Crisis

Update: The Sunlight Foundation has the two primary, competing bills regarding the bailout and is providing an opportunity for you to comment on the proposals. Go ahead, weigh in.
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From the Obama-Biden campaign: Earlier today Barack delivered a major policy address in Green Bay, WI on reforming our politics, our government and our regulatory system during this financial crisis. He also unveiled his plan to reform the greed and excesses of Washington. His plan includes curbing the influence of lobbyists and special interests, spending taxpayer money wisely and modernizing financial regulation.

Curb Influence of Lobbyists and Special Interests
• End the practice of writing legislation behind closed doors
• Shine a light on government spending and special interest tax breaks
• Enforce ethics rules in the Executive Branch
• Stop the revolving door between federal procurement officials and the contractors they supervise

Spend Taxpayer Money Wisely
• Create a high-performance government
• Eliminate ineffective government programs
• Reform government contracting

Modernize Financial Regulation
• Give the Federal Reserve greater supervisory authority
• Strengthen capital, liquidity and disclosure requirements
• Streamline overlapping and competing regulatory agencies
• Crack down on market manipulation

You can read the entire plan below the fold. What do you think?

The Change We Need in Washington - Upload a Document to Scribd

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