Lobbyist Secretly Wrote House Dems' Letter Urging Weaker Investor Protections

Letter Touted By Progressives Secretly Written By Lobbyist
In this photo taken Friday, March 22, 2013, the setting sun is reflected in the windows of the U.S. Capitol in Washington. An exhausted Senate gave pre-dawn approval Saturday, March 23, to a Democratic $3.7 trillion budget for next year that embraces nearly $1 trillion in tax increases over the coming decade but shelters domestic programs targeted for cuts by House Republicans. (AP Photo/Alex Brandon)
In this photo taken Friday, March 22, 2013, the setting sun is reflected in the windows of the U.S. Capitol in Washington. An exhausted Senate gave pre-dawn approval Saturday, March 23, to a Democratic $3.7 trillion budget for next year that embraces nearly $1 trillion in tax increases over the coming decade but shelters domestic programs targeted for cuts by House Republicans. (AP Photo/Alex Brandon)

A letter that a group of progressive Democrats sent to federal regulators opposing new protections for millions of Americans' retirement accounts was drafted by a financial industry lobbyist, according to documents obtained by Mother Jones.

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