Proposed Regulation or Rule
Rule: Banks must finance Alaska drilling
The easy way
Understand the issue
Click on the magnifying glass for background information about this issue.
Figure out what to write
Copy the text of the letter if you want to use part or all of it.
If this is a letter to Congress...
Click on the megaphone to choose which representative or senator to write to. Click on their name to bring you to their information page on our site.
Then click on the megaphone on their information page. That will take you to the section of their official website where you can email them.
If this is a comment on a regulation...
Click on the megaphone to go to the comment section of the proposed regulation.
Write it and send it on its way
Simply paste what you copied from our sample letter or comment or write whatever you want.
This issue is currently dormant as 1) the public comment period has ended and 2) the Biden administration has delayed the rule and ordered it to be reevaluated. If it is proposed again, we will update this action accordingly.
We don't believe any action at this time is necessary. We are leaving this here, however, because we believe our persective on it would not change if becomes an issue again.
Oil and gas companies require money to explore and drill. The largest banks have said they would refuse to provide the needed loans. If this regulation is enacted, banks would be required to provide loans based solely on a risk criteria.
This regulation would increase the likelihood of drilling in the Arctic National Wildlife Refuge (ANWR).
We also believe there is a hidden agenda to this regulation - which is to benefit the largest banks. It would allow them to finance drilling without needing ial to face the social consequences - as they would be required to provide the loans.
For these reasons, Lobby99's board of of directors opposes the Fair Accessing to Financial Services regulation.
What you can do
Visit Regulations.gov to read the proposed rule and comment. (If the link doesn't work, use this link instead)
Comments must be submitted by January 4.