Social Question
Why in hell is Pelosi blocking major consumer advocate Katie Porter, from having a seat on the House Financial Services Committee?
Last year, Porter used her well-known whiteboard to expose how JPMorgan Chase was stiffing its employees, proving she was just the representative we need on the House Financial Services Committee. But Pelosi is blocking her from having a seat.
Right now, the new Congress is deciding who will sit on which committee to do important work, like writing the Green New Deal or stopping Big Pharma from jacking up prescription prices.
Porter applied to be on the House Financial Services Committee, which oversees Wall Street and banks. She needs a waiver from Pelosi, because she’s already on two other committees.
Porter is perfect for Financial Services—she has a background in bankruptcy law and has been mentored by Senator Elizabeth Warren, who has been a champion for bank reform.
Porter has already made a name for herself for standing up for working families and going after CEOs of the banking industry, like the head of JPMorgan Chase. And that seems to be exactly the problem. The leadership has closed ranks and denied Porter a waiver without providing a reason, even though there are five waivers left to grant.
Corporations and banks have made billions of dollars since the beginning of the pandemic, while working families and small businesses have been devastated. We need corporate accountability more than ever, which is why Porter needs to be on that committee.
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