American Council for Capital Formation

The American Council for Capital Formation (ACCF)

Background

The American Council for Capital Formation (ACCF) is a Washington, DC-based free market think tank that prides itself on “economic growth through sound tax, regulatory, and environmental policies.” [1]

The group has called itself a “well-connected spokesman for American business in Washington,” a “key player” in policy circles, and “one of the most influential organizations operating behind the scenes” in the Washington policymaking arena. [2]

ACCF's president and CEO, Mark A. Bloomfield has been described as “a well-connected spokesman for American business” and “one of the most influential figures operating behind the scenes in the Congress.” [3]

ACCF is known for two studies, produced by the industry and Koch-funded National Association of Scholars, which critics have said feature a “distorted analysis” of proposed legislation to combat climate change. [4
][5][6]

ACCF Center for Policy Research

In 1973, ACCF created a 501(c)3 nonprofit entitled the American Council for Capital Formation Center for Policy Research that “brings together academics, policymakers, business executives and the media to discuss important new research on economic and environmental policies and explore the public policy implications of the research.” [7]

Stance on Climate Change

ACCF does not deny the existence of global warming, as the ACCF statement on Energy and Climate Change Policy shows:

“Because energy use and economic growth go hand in hand, policymakers should develop a flexible, long-term approach to reducing the growth of greenhouse gases (GHGs). This will require a global effort based on technological innovation and technology transfer to developing countries where GHG emissions growth is most rapid. In addition, U.S. tax policies should be reformed to reduce the cost of capital for new energy efficient and pollution control technologies.” [8]

However, in the past ACCF's has denounced government policies that could be used to reduce greenhouse gas emissions as not worth the cost. For example, ACCF commented on regulating greenhouse gases under the Clean Air Act:

“Expanding the jurisdiction of the CAA to regulate domestic emissions of carbon and other GHGs will provide no net benefits to environmental quality while posing serious risks to our nation’s competitiveness, and even hampering our ability to deploy the advanced technologies which will be necessary to deal effectively with the challenges posed by Greenhouse Gas (GHG) emissions. ” [9]

Funding

The Conservative Transparency project has compiled funding for the American Council for Capital Formation. View the summary below, or see the attached spreadsheet for additional information on ACCF funding by year (.xlsx). Note that not all funding records have been confirmed by DeSmog. [10]

Exxon Mobil $1,379,523
Claude R. Lambe Charitable Foundation $525,000
American Petroleum Institute $300,000
Searle Freedom Trust $275,000
John M. Olin Foundation $100,000
Charles G. Koch Charitable Foundation $75,000
True Foundation $11,700
William E. Simon Foundation $2,500
Grand Total $2,668,723

Exxon Funding

*According to ExxonSecrets, the ACCF has actually received over $1.6 million from ExxonMobil for “climate change activities.” [11]

Koch Funding

According to the most recent data available from Greenpeace, Koch foundations have donated $600,000 to the American Council on Capital Formation between 1999 and 2015: [12]

Year Charles Koch Foundation Claude R. Lambe Charitable Foundation Grand Total
1999 $10,000 $10,000
2005 $25,000 $25,000
2006 $40,000 $40,000
2007 $50,000 $50,000
2008 $100,000 $100,000
2009 $100,000 $100,000
2010 $50,000 $50,000
2012 $100,000 $100,000
2013 $75,000 $75,000
2015 $50,000 $50,000
Grand Total $125,000 $475,000 $600,000

Other Funders

According to a 2004-05 document covering supporters of the American Council for Capital Formation, ACCF Center for Policy Research, and International Council for Capital Formation (PDF), the ACCF and their affiliate organizations have also received funding from other organizations including energy-sector and automobile companies: [13]
ADP Foundation
Advanced Medical Technology Association
Alliance of Automobile Manufacturers
American Benefits Council
American Business Conference
American Century Investments
American Chemistry Council
American Farm Bureau Federation
American Forest & Paper Association
American Gas Association
American Petroleum Institute
American Wholesale Marketers Association
AMT-The Association for Manufacturing Technology
Associated Equipment Distributors
Association of Home Appliance Manufacturers
Automotive Aftermarket Industry Association
BellSouth Corporation
Campbell Soup Company
Center for Energy & Economic Development
Cly-Del Manufacturing Company
Conference of State Bank Supervisors
Contran Corporation
DaimlerChrysler Corporation
Driscoll Foundation
Edison Electric Institute
Equipment Leasing Association of America
Ernst & Young
Exxon Mobil Corporation
Fidelity Investments
Financial Services Roundtable
Fisher Scientific International, Inc.
FMC Corporation
FORATOM
Ford Motor Company
General Dynamics Corporation
General Mills
General Motors Corporation
Harry S. Flemming Foundation
Hillside Capital Incorporated
Institute for Global Economic Growth
Institute of Scrap Recycling Industries
John L. Loeb, Jr. Foundation
Kinsey Interests, Inc.
Loeb Partners Corporation
Malek Family Trust Foundation
Marathon Oil Corporation
Matrix Capital Markets Group, Inc.
Merrill Lynch & Co., Inc.
Metals Service Center Institute
Microsoft Corporation
Milliken & Company
Morgan Stanley
Morgenthaler Management Corp.
National Association of Manufacturers
National Association of Real Estate Investment Trusts
National Beer Wholesalers Association
National Electrical Contractors Association
National Marine Manufacturers Association
National Rural Electric Cooperative Association
Nationwide Insurance & Financial Co.
New York Stock Exchange Foundation
Newspaper Association of America
Nordberg Family Fund
Nuclear Energy Institute
Oracle Corporation
Pepco Holdings, Inc.
Portland Cement Association
Principal Financial Group
Qwest Communications, Inc.
Securities Industry Association
Small Business Entrepreneurial Council
Southern Company
T. Rowe Price & Associates
The Aluminum Association, Inc.
The Arthur Loeb Foundation
The Jeffrey Company
The Prudential Foundation
The Real Estate Roundtable
The Whitehead Foundation
Theragenics Corporation
Toyota Motor North America, Inc.
Tudor Investment Corporation
Twenty-First Securities Corporation
TXU Business Services
Uniform & Textile Service Association
Westinghouse Electric Company
Weyerhaeuser Company
Winthrop, Inc.

990 Forms

According to the ACCF's 2014 tax forms, the organization recorded $1,046,464 in total revenue, paid out $1,031,772 in salaries, and had total assets of $1,411,457.
 

Key People

Board of Directors

ACCF's Officers and Board of Directors has included former high-ranking politicians (predominantly Republican) in the U.S. government along with representatives of industry associations.

Name 1997 1998 1999 2000 2001 2002 2003 2004 2005 2007 2008 2009 2011 2012 2015 2016[14] 2018 Description
Richard W. Rahn Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Chairman, Improbable Success Productions
Steven A. Wechsler Y Y Y Y Y Y Y Y Y Y President and Chief Executive Officer, National Association of Real Estate Investment Trusts
Mark A. Bloomfield Y Y Y Y Y Y Y Y Y President and Chief Executive Officer, American Council for Capital Formation
Susan K. Neely Y Y President and Chief Executive Officer, American Beverage Association
Richard D. Shelby Y Partner, Capitol Hill Consulting Group
Dave McCurdy Y Y Y Y Y President and Chief Executive Officer, American Gas Association
M. Christine Jacobs Y Y Y Y Y Y Y Y Y Chief Executive Officer and President, Theragenics Corporation
Gary C. Hufbauer Y Nonresident Fellow, Peterson Institute for International Economics
Donald L. Lucas Y Y Y Y Y Y Y Y Y Y Y Y Y Y Venture Capitalist
Frederic V. Malek Y Y Y Y Y Y Y Y Y Y Y Y Y Y Founder and Chairman, Thayer Capital Partners, L.P.
George P. Shultz Y Y Y Y Y Y Y Y Y Y Y Y Y Y former Secretary of State, Secretary of Treasury, Director of Office of, Budget and Management and Secretary of Labor
John C. Whitehead Y Y Y Y Y Y Y Y Y Y Y Y Y Y former Deputy Secretary of State
Kenneth M. Duberstein Y Y Y Y Y Y Y Y Y Y Y Y Y Y former Chief of Staff to President Reagan
Robert S. Strauss Y Y Y Y Y Y Y Y Y Y Y Y Y Y former U.S. Trade Representative
William H. Gray, III Y Y Y Y Y Y Y Y Y Y Y Y Y Y former Chairman, House Committee on the Budget
James R. Jones Y Y Y Y Y Y Y Y Y Y Y Y Y former U.S. Ambassador to Mexico and Member of Congress
Glenn English Y Y Y Y Y Y Y Y Y Y Y Y Chief Executive Officer, National Rural Electric Cooperative Association
Bill Archer Y Y Y Y Y Y Y Y Y Y former Chairman, House Committee on Ways and Means
Gerald L. Parsky Y Y Y Y Y Y Y Y Y Chairman, Aurora Capital Group
Mark A. Weinberger Y Y Y Y Y Y Y Y Y Global Chairman & CEO, Ernst & Young
Thomas R. Kuhn Y Y Y Y Y Y Y Y Y President, Edison Electric Institute
Charles W. Stenholm Y Y Y Y Y Y former Member of Congress
Don Nickles Y Y Y Y Y Y former Chairman, Senate Committee on the Budget
John Engler Y Y Y Y Y Y former Governor State of Michigan
Jim Kolbe Y Y Y Y former Member of Congress
Michael G. Oxley Y Y Y Y former Chairman, House Committee on Financial Services
Donna A. Harman Y Y Y President and Chief Executive Officer, American Forest & Paper Association
Andrew Card Y Y Y Y former Chief of Staff to President George W. Bush and Secretary of Transportation
Robert W. Galvin Y Y Y Y Y Y Y Y Y Y Y Y Y Chairman Emeritus Motorola, Inc.
L. William Seidman Y Y Y Y Y Y Y Y Y Y Y Y former Chairman, Federal Deposit Insurance Corporation
William D. Ruckelshaus Y Y Y Y Y Y Y Y Y Y Y Y former Administrator, U.S. Environmental Protection Agency
Charls E. Walker Y Y Y Y Y Y Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Kyle E. McSlarrow Y Y Y Y President and CEO, National Cable & Telecommunications Association
Margo Thorning Y Y Y Y Senior Economic Policy Advisor
William J. McDonough Y Y Y Vice Chairman & Special Advisor to the Chairman, Merrill Lynch & Co., Inc.
Marc E. Lackritz Y Y Y Y Y Y Y Y Y Y Y former President and Chief Executive Officer, Securities Industry & Financial Markets Association
Red Cavaney Y Y Y Y Y Y Y Y Y Y President and Chief Executive Officer, American Petroleum Institute
Frank L. (Skip) Bowman Y Y Y President and Chief Executive Officer, Nuclear Energy Institute
David Rehr Y Y President and Chief Executive Officer, National Association of Broadcasters
Bob Stallman Y Y Y Y Y President, American Farm Bureau Federation
Frederick L. Webber Y Y Y Y Y Y Y President and Chief Executive Officer, Alliance of Automobile Manufacturers
Lloyd Bentsen Y Y Y Y Y Y Y Y Y former Secretary of the Treasury
J. Barry Griswell Y Y Y Y Chairman, President and Chief Executive Officer, Principal Financial Group
J. Stephen Larkin Y Y President, The Aluminum Association, Inc.
John J. Byrne Y Y Y Y Y Y Y Y Chairman, White Mountains Insurance Group, Ltd.
William E. Brock Y Y Y Y Y Y Y Y former U.S. Senator
Mark Heesen Y Y Y Y President, National Venture Capital Association
Joe F. Colvin, II Y Y President and Chief Executive Officer, Nuclear Energy Institute
Barry K. Rogstad Y Y Y Y Y Y Y President, American Business Conference
James B. Graham Y Y Y Y Y Y Y Chief Executive Officer, Viztec, Inc.
Matthew P. Fink Y Y Y Y Y Y Y President, Investment Company Institute
Ronald W. Readmond Y Y Y Y Y Y Y Private Investor
W. Henson Moore Y Y Y Y Y Y Y President, American Forest & Paper Association
William D. Witter Y Y Y Y Y Y William D. Witter, Inc.
Harry S. Flemming Y Y Y Y Y Chairman, Advantor Holding Company
John M. Derrick, Jr. Y Y Y Y Chairman and Chief Executive Officer, Pepco Holdings Incorporated
Josephine S. Cooper Y President and Chief Executive Officer, Alliance of Automobile Manufacturers
David J. Drury Y Y Y Y Y Chairman, Principal Financial Group
Herbert S. Winokur, Jr. Y Y Y Y Y Chairman and Chief Executive Officer, Capricorn Holdings, Inc.
Kenneth L. Lay Y Y Y Y Y Chairman, ENRON
Paul A. Volcker Y Y Y Y Y former Chairman, Board of Governors of the Federal Reserve System
H. Onno Ruding Y Y Y Y Vice Chairman and Director, Citibank
David B. Duncan Y Partner, Arthur Andersen LLP
M.B. Oglesby, Jr. Y Y Y former Assistant to President Reagan for Legislative Affairs
John H. Martinson Y Chairman, National Venture Capital Association
Carroll A. Campbell, Jr. Y Y Y President and Chief Executive Officer, American Council of Life Insurance
Edward F. Mitchell Y Y Y Chairman of the Board, Potomac Electric Power Company
James E. Rogers, Jr. Y Y Y President and Chief Executive Officer, Cinergy Corporation
M. Kathleen Behrens Y President, National Venture Capital Association
Allen J. Krowe Y Y Texaco Inc.
Jack D. Rehm Y Y Chairman and Chief Executive Officer, retired, Meredith Corporation
James Ericson Y Y President and Chief Executive Officer, Northwestern Mutual Life Insurance Company
John S. Nolan Y Y Partner, Miller & Chevalier, Chartered
Philip J. Carroll Y Y President and Chief Executive Officer, Shell Oil Company
Brian H. Dovey Y President, National Venture Capital Association
Carl D. Thoma Y President, National Venture Capital Association
Charles J. DiBona Y President, American Petroleum Institute

Board of Advisors

Name 2015 2016[14] 2017 2018 Description
Andrew Card Y Y Y Y former Chief of Staff to President George W. Bush and Secretary of Transportation
Bill Archer Y Y Y Y former Chairman, House Committee on Ways and Means
Charles W. Stenholm Y Y Y Y former Member of Congress
Don Nickles Y Y Y Y former Chairman, Senate Committee on the Budget
Donald L. Lucas Y Y Y Y Venture Capitalist
Frederic V. Malek Y Y Y Y Founder and Chairman, Thayer Capital Partners, L.P.
George P. Shultz Y Y Y Y former Secretary of State, Secretary of Treasury, Director of Office of, Budget and Management and Secretary of Labor
Gerald L. Parsky Y Y Y Y Chairman, Aurora Capital Group
James R. Jones Y Y Y Y former U.S. Ambassador to Mexico and Member of Congress
Jim Kolbe Y Y Y Y former Member of Congress
Jim McCrery Y Y Y Y former Member of Congress
Kenneth M. Duberstein Y Y Y Y former Chief of Staff to President Reagan
Mark A. Weinberger Y Y Y Y Global Chairman & CEO, Ernst & Young
Thomas R. Kuhn Y Y Y Y President, Edison Electric Institute
Steve Moore Y Y former Wall Street Journal Editorial Board Member
Tom Ridge Y Y former Secretary of Homeland Security, Governor of Pennsylvania and Member of Congress
Joe Lieberman Y Former United States Senator and Democratic Vice Presidential nominee in 2000
Donna A. Harman Y Y President and Chief Executive Officer, American Forest & Paper Association
John Engler Y Y former Governor State of Michigan
Michael G. Oxley Y Y former Chairman, House Committee on Financial Services
Jo Ann Emerson Y Chief Executive Officer, National Rural Electric Cooperative Association
Richard D. Shelby Y Partner, Capitol Hill Consulting Group
Dave McCurdy Y President and Chief Executive Officer, American Gas Association
Glenn English Y Chief Executive Officer, National Rural Electric Cooperative Association
John C. Whitehead Y former Deputy Secretary of State
Robert S. Strauss Y former U.S. Trade Representative
William H. Gray, III Y former Chairman, House Committee on the Budget

Officers & Staff

Name 2002 2008 2010 2011 2012 2014 2015 2016[15] 2017 2018 Description
Margo Thorning Y Y Y Y Y Y Y Y Y Y Senior Economic Policy Advisor
Mark A. Bloomfield Y Y Y Y Y Y Y Y Y Y President and Chief Executive Officer, American Council for Capital Formation
Mike Burita Y Y Y Y Y Y Y Y Director of Communications
Pinar Cebi Wilber Y Y Y Y Y Y Y Y Chief Economist
Hamideh Kashaninejad Y Y Y Y Treasurer
Timothy M. Doyle Y Y Vice President of Policy and General Counsel
George David Banks Y Y Y Executive Vice President
Drew Bond Y Senior Fellow & Director of Energy Innovation Programs, ACCF Center for Policy Research
Frédérique Schreuder Y Executive Assistant and Director of Events
Tony Nash Y Y Senior Economic Adviser for International Economic Policy
Aaron Weston Y Senior Fellow and Director of Nuclear Energy Programs, ACCF Center for Policy Research
Robert Dillon Y Vice President of Communications
Ashley Laing Y Membership & Events Manager
Jeff Crater Y Senior Fellow & Director of U.S. Defense Industry and Economy
Marie Sanderson Y Senior Fellow & Director of State and Local Economic Policy
Ashley Mitchell Y Membership and Events Manager
John Maguire Y Y Y Vice President for Strategic Planning
Tracy Ellis Y Y Vice President of Membership
Mari Lee Dunn Y Y Y Senior Vice President and Secretary-Treasurer, American Council for Capital Formation
Charls E. Walker Y Y Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Ernestine R. Johnson Y Assistant Secretary-Treasurer

Distinguished Fellows (Center for Policy Research)

Name 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016[16] Description
Robert J. Gordon Y Stanley G. Harris Professor in the Department of Economics, Northwestern University
Michael J. Boskin Y Y Former Chairman, Council of Economic Advisers, George H.W. Bush
John B. Taylor Y Mary and Robert Raymond Professor of Economics, Stanford University
Robert E. Lucas, Jr. Y 1995 Nobel Laureate in Economics, University of Chicago
Allan H. Meltzer Y Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University
William M. Gentry Y Professor of Economics, Williams College
Jagdish V. Bhagwati Y University Professor, Columbia University
Edward C. Prescott Y Y 2004 Nobel Laureate in Economics, Arizona University
N. Gregory Mankiw Y Y former Chairman, President’s Council of Economic Advisers, President George W. Bush
Charls E. Walker Y Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Ernestine R. Johnson Y Assistant Secretary-Treasurer
Margo Thorning Y Senior Economic Policy Advisor
Mari Lee Dunn Y Senior Vice President and Secretary-Treasurer, American Council for Capital Formation
Mark A. Bloomfield Y President and Chief Executive Officer, American Council for Capital Formation
Dale W. Jorgenson Y Y Samuel W. Morris University Professor, Harvard University
James M. Poterba Y Y President and Chief Executive Officer, National Bureau of Economic Research
Douglas J. Holtz-Eakin Y Y Y former Director, Congressional Budget Office
Gary C. Hufbauer Y Nonresident Fellow, Peterson Institute for International Economics
Henry D. Jacoby Y Environmental Policy Fellow, 1998. Pounds Professor of Management, Massachusetts Institute of Technology
Richard L. Schmalensee Y Gordon Y Billard Professor of Economics and Management, Massachusetts Institute of Technology
Thomas Horst Y TCW Fellow, 1997. Former director of the International Tax Staff, U.S. Department of the Treasury Managing Director, Horst, Frisch, Clowery & Finan
Gary W. Yohe Y Environmental Policy Fellow, 1996. Professor of Economics, Wesleyan University
John B. Shoven Y Charles Schwab Professor of Economics, Stanford University
Arnold C. Harberger Y Y Distinguished Professor of Economics, University of California at Los Angeles
B. Douglas Bernheim Y Professor of Economics, Stanford University
R. Glenn Hubbard Y former Chairman, President’s Council of Economic Advisers, President George W. Bush

Board of Scholars (Center for Policy Research)

Name 1997 1998 1999 2000 2001 2002 2004 2005 2016[17] 2017 2018 Description
Arnold C. Harberger Y Y Y Y Y Y Y Y Y Y Y Distinguished Professor of Economics, University of California at Los Angeles
B. Douglas Bernheim Y Y Y Y Y Y Y Y Y Y Y Professor of Economics, Stanford University
Charles McLure, Jr. Y Y Y Y Y Y Y Y Y Y Y Senior Fellow (Emeritus), Hoover Institution, Stanford University
Michael J. Boskin Y Y Y Y Y Y Y Y Y Y Y Former Chairman, Council of Economic Advisers, George H.W. Bush
Robert E. Hall Y Y Y Y Y Y Y Y Y Y Y Senior Fellow, Hoover Institution, and professor of Economics, Stanford University
Roger B. Porter Y Y Y Y Y Y Y Y Y Y Y IBM Professor of Business and Government, Harvard University
John B. Shoven Y Y Y Y Y Y Y Y Y Y Charles Schwab Professor of Economics, Stanford University
James M. Poterba Y Y Y Y Y Y Y Y Y President and Chief Executive Officer, National Bureau of Economic Research
Burton G. Malkiel Y Y Y Y Y Chemical Bank Chairman’s Professor of Economics, Princeton University
Laurence H. Meyer Y Y Y Y Y former Governor, Federal Reserve Board
Rudolph G. Penner Y Y Y Y Y former Director Congressional Budget Office
Gary C. Hufbauer Y Y Y Y Y Nonresident Fellow, Peterson Institute for International Economics
R. Glenn Hubbard Y Y Y Y Y former Chairman, President’s Council of Economic Advisers, President George W. Bush
N. Gregory Mankiw Y Y Y Y Y Y former Chairman, President’s Council of Economic Advisers, President George W. Bush
Dale W. Jorgenson Y Y Y Y Y Y Y Y Y Y Samuel W. Morris University Professor, Harvard University
Edward C. Prescott Y Y Y Y 2004 Nobel Laureate in Economics, Arizona University
Harvey S. Rosen Y Y Y Y former Chairman, President’s Council of Economic Advisers, President George W. Bush
John D. Graham Y Y Y Y Y Y Y former Administrator, Office of Information and Regulatory Affairs, Office of Management and Budget
Douglas J. Holtz-Eakin Y Y Y former Director, Congressional Budget Office
Jagdish V. Bhagwati Y Y Y University Professor, Columbia University
John B. Taylor Y Y Y Mary and Robert Raymond Professor of Economics, Stanford University
Robert E. Lucas, Jr. Y Y Y 1995 Nobel Laureate in Economics, University of Chicago
William M. Gentry Y Y Y Professor of Economics, Williams College
Jason Furman Y Y Former Chairman, Council of Economic Advisers, President Barack Obama
Kenneth B. Medlock III Y Y James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics, Rice University
Robert Hahn Y Y Smith School Director of Economics, Oxford University
Robert J. Gordon Y Y Stanley G. Harris Professor in the Department of Economics, Northwestern University
William A. Galston Y Y former Deputy Assistant for Domestic Policy, President William Clinton
Chad P. Bown Y Reginald Jones Senior Fellow, Peterson Institute for International Economics
Kevin A. Hassett Y Y Y Y Y Director of Economic Policy, American Enterprise Institute
Allan H. Meltzer Y Y Allan H. Meltzer University Professor of Political Economy, Carnegie Mellon University
James A. Baker, III Y Fellow in Energy and Resource Economics, Rice University
Susan G. Baker Y Fellow in Energy and Resource Economics, Rice University
Alan S. Manne Y Y Y Y Y Y Y Y Professor Emeritus, Operations Research, Stanford University
Ed Zschau Y Y Y Y Y Y Y Senior Lecturer of Business Administration, Harvard University
Murray L. Weidenbaum Y Y Y Y Y Y Y Mallinckrodt Distinguished University Professor, Washington University
Richard L. Schmalensee Y Y Y Y Y Y Gordon Y Billard Professor of Economics and Management, Massachusetts Institute of Technology
Sidney L. Jones Y Y Y former Assistant Secretary for Economic Policy, U.S. Department of the Treasury
David F. Bradford Y Y Y Y Y Y Y Professor of Economics and Public Affairs, Princeton University
Lawrence H. Goulder Y Y Y Y Y Y Associate Professor of Economics, Stanford University

Board of Trustees (Center for Policy Research)

Name 1997 1998 2000 2001 2002 2003 2004 2007 2008 Description
Ernest S. Christian, Jr. Y Y Y Y Y Y Y Y Y Attorney-at-Law
Manuel H. Johnson Y Y Y Y Y Y Y Y Y former Vice-Chairman, Board of Governors of the Federal Reserve System
Charls E. Walker Y Y Y Y Y Founder and Chairman Emeritus, American Council for Capital Formation. Former Deputy Secretary of the Treasury
Margo Thorning Y Y Y Y Y Senior Economic Policy Advisor
Mari Lee Dunn Y Y Y Y Y Senior Vice President and Secretary-Treasurer, American Council for Capital Formation
Mark A. Bloomfield Y Y Y Y Y President and Chief Executive Officer, American Council for Capital Formation
Josephine S. Cooper Y Y President and Chief Executive Officer, Alliance of Automobile Manufacturers
Maxine C. Champion Y Y Y Y Y Y Y Vice-President, Government and International Relations, Nestle USA, Inc.
Thomas D. Campbell Y Y Y Y Y Y Y President, Thomas D. Campbell & Associates
Larry W. Pollock Y Y Y Y Y Y Vice-President and Director of Taxes, Weyerhaeuser Company
Paul R. Huard Y Y Y Y Y Senior Vice-President, Policy and Communications, National Association of Manufacturers
Rudolph G. Penner Y Y Y Y Y former Director Congressional Budget Office
George N. Carlson Y Y Y Partner, Arthur Andersen & Co.
Kathleen B. Cooper Y Y Y Chief Economist, Exxon Corporation
Thomas White Y Y Chairman and Chief Executive Officer, Enron Ventures Corp.
John P. Renshaw Y Y
Theodore R. Eck Y Y Chief Economist, Amoco Corporation
Norman B. Ture Y President, Institute for Research on the Economics of Taxation

Actions

January, 2016

Ahead of the Iowa caucuses, ACCF sponsored an ad portraying ethanol as an unclean fuel, and opposing an ethanol mandate policy: [18]



ACCF Executive Vice President George David Banks also denounces corn in the Telegram: “As we hear more about the Renewable Fuel Standard this primary season, it’s important to keep in mind the reality of the corn ethanol mandate: less energy, higher costs and more emissions. And if that sounds like a bad deal, well, that’s because it is.” [19]

August 30, 2015

ACCF's Senior Economic Policy Advisor Margo Thorning wrote an Op-Ed article in The Times-Tribune advocating for an end to oil export bans: [20]

“Allowing the exportation of crude oil will only further incentivize production and drive the Pennsylvania economy for decades to come,” Thorning writes.


December 14, 2011
 

ACCF's Senior Vice President and Chief Economist Margo Thorning testified before the Senate Subcommittee on Energy, Natural Resources and Infrastructure on the role of government in clean energy subsidies[21]

Thorning concludes that clean energy industries including those associated with wind, solar power, biofuel and ethanol are “not essential for U.S. economic and job growth and they are unlikely to provide benefits commensurate with their costs.”

According to Thorning, “increased access to domestic onshore and offshore oil and gas reserves, including shale gas, could strongly boost U.S. economic recovery, manufacturing and job growth as well as increasing energy security.” [21]

March, 2008

The ACCF's Vice President, Margo Thorning, teamed up with the National Association of Manufacturers, the US Chamber of Commerce and a think tank called the Alliance for Energy and Economic Growth, to conduct a four-State speaking tour to discredit the proposed America's Climate Security Act authored by US Senators Joe Lieberman and John Warner. [22]

2009

According to Greenpeace, ACCF has partnered twice with the National Association of Manufacturers to produce and disseminate “distorted economic analyses that overstate the costs of climate legislation.” The group has also been prominently featured at US Chamber of Commerce-organized forums on climate. [12]

The ACCF/NAM studies have been debunked more than once. [5][6]

American Council for Capital Formation Contact & Location

As of June 2016, the American Council for Capital Formation (ACCF) listed the following contact information on its website: [24]

American Council for Capital Formation
1001 Connecticut Avenue NW, Suite 620
Washington, DC 20036
Email: [email protected]
Phone: (202) 293-5811
Fax: (202) 785-8165

Related Organizations

ACCF Association Council

The ACCF previously listed an “Association Council” of organizations on its website:

ACCF Association Council Member 2004 2005 2008
Advanced Medical Technology Association Y
Alliance of Automobile Manufacturers Y Y Y
American Benefits Council Y Y Y
American Business Conference Y Y Y
American Chemistry Council Y Y
American Farm Bureau Federation Y Y Y
American Forest & Paper Association Y Y Y
American Gas Association Y Y Y
American Gear Manufacturers Association Y
American Petroleum Institute Y Y Y
American Wholesale Marketers Association Y
Associated Equipment Distributors Y
Association of Home Appliance Manufacturers Y Y Y
Automotive Aftermarket Industry Association Y Y
Edison Electric Institute Y Y Y
Equipment Leasing Association of America Y Y Y
Family Company Group Y Y Y
Financial Services Roundtable Y Y Y
Futures Industry Association Y
Grocery Manufacturers of America, Inc. Y Y
Investment Company Institute Y
Metals Service Center Institute Y Y Y
Motor & Equipment Manufacturers Association Y Y
National Association of Manufacturers Y Y Y
National Association of Real Estate Investment Trusts Y Y Y
National Beer Wholesalers Association Y Y Y
National Electrical Contractors Association, Inc. Y Y
National Marine Manufacturers Association Y Y Y
National Rural Electric Cooperative Association Y Y Y
Newspaper Association of America Y Y
North American Association of Food Equipment Manufacturers Y
Nuclear Energy Institute Y Y Y
Portland Cement Association Y
Rubber Manufacturers Association Y Y
Securities Industry Association Y Y Y
Small Business & Entrepreneurial Council Y
Small Business Survival Committee Y Y
The Aluminum Association, Inc. Y Y
The Association for Manufacturing Technology (AMT) Y
The Ohio Society of CPAs Y
The Real Estate Roundtable Y Y Y
Uniform & Textile Service Association Y Y

Other Affiliations


Hoover Institution
 A number of individuals associated with the American Council for Capital Formation (ACCF) are also affiliated with the 
Hoover Institution, a public policy think tank located at Stanford University focusing on conservative and libertarian ideas.

Below are some examples:

Resources

  1. Capital Formation (Newsletter), American Council for Capital Formation. Vol. 35, No. 1 (January-February 2010). Archived February 10, 2016. Archived .pdf on file at DeSmogBlog.

  2. Media Room”, American Council for Capital Formation. Archived February 1, 2012. Archived .pdf on file at DeSmogBlog.

  3. MARK A. BLOOMFIELD” (PDF), American Council for Capital Formation. Archived February 10, 2016. Archived .pdf on file at DeSmogBlog.

  4. National Association of Manufacturers,” Sourcewatch. Accessed February 11, 2016.

  5. NAM/ACCF: Distorting their own distorted analysis of climate legislation,” Switchboard, September 10, 2009. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fDxCXlAF

  6. Miles Grant. “Pay no attention to footnote #5,” Grist, August 5, 2009. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fDxG0imk

  7. ACCF Center for Policy Research: Overview,” American Council for Capital Formation. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fDyflO8e

  8. Policy Areas: Energy and Climate Change Policy,” American Council on Science and Health. Archived February 10, 2016. WebCite URLhttp://www.webcitation.org/6fCfzp050

  9. Re: The American Council for Capital Formation’s Comments on Advance Notice of Proposed Rulemaking: Regulating Greenhouse Gases under the Clean Air Act, 73 Fed. Reg. 44354 (July 30, 2008)” (PDF), American Council on Capital Formation, November 28, 2008. Archived February 10, 2016. Archived .pdf on file at DeSmogBlog.

  10. American Council for Capital Formation,” Conservative Transparency. Data retrieved June 29, 2016.

  11. FACTSHEET: AMERICAN COUNCIL FOR CAPITAL FORMATION CENTER FOR POLICY RESEARCH, ACCF,” ExxonSecrets. Accessed February 10, 2016.

  12. American Council on Capital Formation (ACCF): Koch Industries Denial Front Group,” Greenpeace USA. Archived March 13, 2017. Archive.is URLhttps://archive.is/9HEXx

  13. 2004-05 Supporters of the American Council for Capital Formation, ACCF Center for Policy Research, and International Council for Capital Formation,” CorportateEurope.org. Archived May 12, 2008. Archived .pdf on file at DeSmogBlog.

  14. Directors & Advisors,” ACCF. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fCn5xSs8

  15. Officers & Staff,” ACCF. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fCnEZnbT

  16. Center for Policy Research Fellows,” ACCF. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fCnLrPSt

  17. Center for Policy Research Scholars,” ACCF. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fCnSVF9d

  18. (Press Release). “Major New Iowa Statewide TV Ad Buy Shines Spotlight on Corn Ethanol's Environmental Toll,” PRNewswire, January 25, 2016. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fDzVEkPH

  19. George David Banks. “Big Corn wins, state loses”, Telegram.com, January 24, 2016. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fE0P97Nu

  20. Margo Thorning. “End ban on oil exports, boost state's economy,” thetimes-tribune.com, August 30, 2015. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fE0jts7c

  21. Clean Energy Tax Incentives: What Role Should Government Play?” The American Council on Capital Formation, December 14, 2011. Archived February 11, 2016. WebCite URLhttp://www.webcitation.org/6fDuPtcYO

  22. ACCF/NAMState by State Analyses of the Economic Impact of the Lieberman-Warner Climate Security Act” (PDF), American Council for Capital Formation, October, 2008. Archived November 26, 2008. Archived .pdf on file at DeSmogBlog.

  23. INTERNATIONAL COUNCIL FOR CAPITAL FORMATION” (PDF), ICCFglobal.org. Archived March 9, 2012. Archived .pdf on file at DeSmogBlog.

  24. Contact,” ACCF. Archived June 29, 2016. WebCite URL: http://www.webcitation.org/6icD9XAiF 

Other Resources

Organizations: