Dear S.O.S. Now Supporter,
Thank you for telling Congress to put an end to casino-style gambling on Wall Street. With gas prices up 40 percent from a year ago and prices at the pump anticipated to be sky-high this summer, the time to stop oil speculation and return fuel prices to reasonable levels is now.
Last week, the Senate overcame a major hurdle by reaching an agreement to debate financial reform legislation. This bipartisan bill includes our proposals to crackdown on oil speculation by closing loopholes and increasing transparency.
Today, the U.S. Senate is expected to begin voting on more than 100 amendments on financial reform; it is expected to take a few weeks to complete. You can be sure that the folks at Goldman Sachs and their allies on Wall Street will do everything possible to weaken the legislation. We cannot let that happen.
In the coming weeks, we will let you know when you can raise your voice to counter the free-spending, multimillion dollar lobbying efforts by big Wall Street banks.
When we see a legislative moment where your voice can make a difference - such as asking your senator to vote no on amendments that would reopen loopholes or allow questionable, secret deals on oil markets - we will send you a message to contact your senators.
Together, we can make a difference. The House of Representatives has passed good legislation that closes loopholes in the oil markets. The Senate is finally considering that kind of legislation. Let's stick together and push this over the finish line. Let's make sure Main Street wins for a change.
We can do it. Thank you for your continued support,
The Coalition to Stop Oil Speculation Now