Isn't the lesson learned here that antitrust agencies should trust vigorous competition and antitrust enforcement to deliver innovation and better services?
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Limiting the input of marginalized people by placing all of the power in the hands of those who already hold it is nothing new.
This hearing is a prime example that they are trying to forcibly limit, once again, the voices of marginalized people, and direct the power to board members who share their policy positions and views.
Hardworking Americans, particularly marginalized individuals, deserve to have a say in the companies that they are invested in.
My goal on this committee is to ensure that underserved and underrepresented communities have a strong advocate when it comes to issues that impact their economic mobility.
Republicans in my home State of Georgia passed S.B. 202 in 2021, which preferences the type of voting by people they do like and limits the kinds of voting by people they don't like.
Yes, I also have concerns with this amendment because it would circumvent a lot of State laws.
First of all, because of Senate Bill 202 pretty much the longest lines that people waited in, in this last election was about 30 minutes, which is much lower than it had been in the past.
I think we need to go back to the future and be focused more about who is on the board.
It disconnects it from the individual company responsibility, and that is a big difference that usually doesn't get mentioned.
I think it really politicizes the proxy process.
However, this is clearly within the States' purview and it is a States issue, and I will oppose it.
I want to thank Mr. Kilmer for his serious amendment.
I think this is a good amendment, and we can, on a bipartisan basis, agree on this.
I was in a special election. I was replaced.
I appreciate Mr. Kilmer bringing this up.
I agree with my colleague from Alabama. That is why the State of Georgia, with Senate Bill 202, fixed this problem.
There is an impact for sure and it is always made up in terms, but the American people pay for it.