Peter Conti-Brown studies central banking, financial regulation, and public finance, with a particular focus on the law, history, politics, and economics of central banking at the Federal Reserve. He is author of the book The Power and Independence of the Federal Reserve, forthcoming from Princeton University Press. His articles have appeared in the Yale Journal on Regulation and the Stanford, UCLA, and Washington University Law Reviews, among other journals. He is also the editor, with David Skeel, of the book When States Go Broke: Origins, Context, and Solutions for the American States in Fiscal Crisis, published by Cambridge University Press, and editor, with Rosa Lastra, of the Research Handbook on Central Banking, under contract with Edward Elgar Publishing. He has been quoted in print and online articles published by The Atlantic, The Economist, The New York Times, and Reuters, and has appeared on C-SPAN and National Public Radio. He has testified before the US Senate Banking Committee on reforming the Federal Reserve.
- administrative law
- central banking
- financial history
- financial regulation
- fiscal crises
- political history
- public finance
- the Federal Reserve
Although cannabis-related businesses have thrived in the localities that have legalized marijuana as a consumer product, the industry has suffered from crippling uncertainty, in the form of limited access to the banking system. The cannabis industry thus has been forced to operate in a cash-intensive “gray market,” which is a problem. An entire industry conducting all of its business in cash cannot be fairly taxed or regulated and, historically, has been associated with lawlessness—everything from security concerns, transportation and currency problems, money laundering, and cash hoarding. This brief reviews and analyzes the issues that surround marijuana banking and offers several policy options for addressing the tension between federal enforcement and state sovereignty as it related to marijuana banking.
This brief examines the tension between the Republican ideological commitment to curbing executive power and the opportunity Republicans now have for Trump to dominate the direction of financial regulatory reform. The discussion will focus on three key policy outcomes that Republicans have sought during the last six years: reforming the Federal Reserve, overhauling the Consumer Financial Protection Bureau, and changing the way in which the nation’s largest financial institutions are designated and regulated.
Other Policy Related Activities
March 3, 2015, Hearing: Federal Reserve Accountability and Reform