Chamber of Commerce
Commentary
The Chamber of Commerce Does Not Care About Unemployment
Cry Wolf Quotes
No rule of thumb method ... can be devised which will fit all securities in all situations....It would produce even greater injury than the Federal Securities Act in retarding or preventing the follow of securities into new and refunding issues, which are indispensable if employment is to be maintained and increased and the huge burden on the Treasury is to be relieved.
This one-size-fits-all approach would distract directors from managing a company, lessen shareholders voice in proposals and director elections, and continue to disenfranchise retail shareholders.
The Sarbanes bill will hand American corporations back to the trial lawyers for summary execution.
The costs of this action would be enormous and obviously could have a disastrous impact upon many small businesses struggling to survive.
Backgrounders & Briefs
Industry Repeats Itself on Financial Reform
As the nation approaches the first anniversary of the Dodd-Frank financial reform law, opponents are claiming that the new measure is extraordinarily damaging, especially to Main Street. But industry’s alarmist rhetoric bears striking resemblance to the last time it faced sweeping new safeguards: during the New Deal reforms. The parallels between the language used both then and now are detailed in a report released today by Public Citizen and the Cry Wolf Project.
Resources
U.S. Chamber Watch is a watchdog organization focused on the U.S. Chamber of Commerce's agenda and influence.
