Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, this bill has been opposed by the Biden-Harris administration. In fact, this Statement of Administration Policy states that this bill ``would severely limit the ability of Federal financial regulators to protect consumers and investors.'' It also ``would disempower stakeholders and investors. . . .'' I include the Statement of Administration Policy in the Record. Statement of Administration Policy h.r. 4790--prioritizing economic growth over woke policies act The Administration opposes H.R. 4790, which would severely limit the ability of Federal financial regulators to protect consumers and investors. Since 1934, the Securities and Exchange Commission (SEC) has worked to protect investors, safeguard markets, and enhance access to capital. Central to these efforts are the SEC's disclosure rules, which require companies that offer securities to the public to provide investors the information they need to make informed decisions. The changes proposed in H.R. 4790 would fundamentally limit the SEC's ability to fulfill its mission by prohibiting the agency from requiring companies to provide certain disclosures of information material to investment decisions, and instead allowing the regulated companies themselves the discretion to determine what must be disclosed. The SEC also exists to ensure that companies are responsive to shareholder and investor concerns. However, H.R.…”