Exhibit 797 · Congressional letter
Letter from Reps. Garcia, Tlaib, Pressley and six Democratic co-signers to Secretary Mnuchin and Chairman Powell on BlackRock's contracts with the Fed
Documents pertaining to how these programs will affect BlackRock’s own ETF’s, even if BlackRock does not retain the fees from their purchase.
Asks Treasury and the Fed to appoint an inspector general, submit the full contracts for the PMCCF and SMCCF, disclose conflict policies including the list of BlackRock staff above the internal wall, and document how the programs affect BlackRock's own ETFs. Raises BlackRock's size, lobbying and revolving-door figures and the fossil fuel exposure of the facilities. The revolving-door count (more than 100 individuals) and the lobbying figure (more than $2 million a year) are the letter's own.
- Source
- U.S. House of Representatives (Garcia, Tlaib, Pressley and co-signers)
- Date
- 22 April 2020
- Quoted from
- p. 2, request 2, fourth bullet
- Grade
- Primary record
- Document
- https://pressley.house.gov/sites/pressley.house.gov/files/Congressional%20Letter%20to%20Fed%20Treas%204_22.pdf
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit