Citizen Alert: A Report For Members Of NJPIRG
NJPIRG.ORG HOW YOU CAN HELP MEMBERSHIP

Financial Security

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

NJPIRG, 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 promote consumer, homeowner and shareholder interests in any new bank reforms.

We’re supporting the creation of a Financial Product Safety Commission armed with the authority to rank and 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.), Charles Schumer (N.Y.) and Ted Kennedy (Mass.) on March 10.

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 ahead of the toy industry,” 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.

The new law, which was passed in August 2008, requires manufacturers to test toys and infant products before they are sold and bans lead and chemicals called phthalates in toys. It also gives the CPSC the resources needed to implement and enforce these new regulations.

Money & Politics

Fair Elections Now Act Introduced

Together with other state PIRGs, NJPIRG has long supported fixing our federal campaign finance laws to encourage candidates to raise campaign funds from small donors rather than the current big-donor dominated system. A new bill called the Fair Elections Now Act, authored by Sen. Dick Durbin (Ill.) with significant input from Lisa Gilbert, our democracy advocate in D.C., will do just that.

Introduced in March, the 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 elected officials and candidates 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 ConnPIRG-backed measure contained in President Obama’s economic recovery package.

The Pell Grant program aids almost 7 million low-income students.

ConnPIRG’s federal education associate, Rich Williams, spearheaded 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 college campuses signed on to a letter calling on Congress to increase the Pell Grant Program.

NJPIRG
Citizen Advocate
Summer 2009
Vol. 36, No. 3



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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. . .