Silicon Valley Bank ex-CEO backed Big Tech lobbying group that targeted Dodd Frank
When Becker led TechNet, the group piled cash into shaping federal policy — including pieces
TechNet focused its lobbying, in part, on "Section 1033 of the Dodd-Frank Consumer Protection Act," according to its disclosure reports. The group engaged with House and Senate lawmakers, as well as Consumer Financial Protection Bureau officials, on the provision related to consumer disclosures, records show.
The group's 2023 policy principles say it wants to establish a "robust consumer data right through a Section 1033 rulemaking that promotes the free flow of consumer authorized data across the financial ecosystem." TechNet added that it supports "a flexible, consent-based framework for notifying consumers of how their information will be shared, transmitted, stored, and utilized.
Its 2021 records, which were provided to CNBC by the organization after an inquiry, shows they brought in almost the same amount in membership dues that year. The group raised over $940,000 through contributions in 2021, according to the records. "We're focused on strengthening competitiveness by fighting for a fair business tax system at the local, state, and federal levels," Wilkinson said. "In 2017, this included joining the broad coalition of main street businesses and innovation leaders that advocated for a simpler and fairer tax system as part of comprehensive tax reform to support economic growth and American jobs.
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