On the recordDecember 13, 2017
I can see my good friend, Mr. Duffy, is very excited about this, very engaged. It is a hard issue. I don't think many Democrats are that excited either way. They are all going to decide where they stand because it is just a fight between corporate CEOs and big institutional investors. They are both fine. I mean, you have got to pick one or the other in voting ``yes'' or ``no'' on this bill. I think, as Democrats, we are more interested in how the people are doing who are working for those companies. How are we doing about sustainable practices over time? Yes, every Democrat and Republican will cast their vote here either for institutional investors or for corporate CEOs and insular boards. Fine. It does add paperwork. We talked about that. Mr. Duffy said: Oh, it adds paperwork. Democrats should like it. Yes, maybe there are some. I think some Democrats voted for it in committee. There are Democrats that want to increase paperwork. I am not one of them. I want to decrease paperwork and streamline it. But, no, I am sure there will be some Democrats who support it. There are probably Democrats who, themselves, agree with the corporate CEOs over the institutional investors. I have taken a company public. I have run private companies. I have seen this world. I think it is a good thing that the share of institutional investment has increased. I don't have the statistics in front of me.…
Source
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