Steve Lynch: “Reclaiming my time, that is right. But those are public investors. They are the ones that need the information. Mr.…”

“Reclaiming my time, that is right. But those are public investors. They are the ones that need the information. Mr. Speaker, I yield the balance of my time to the gentlelady from California (Ms. Waters), our ranking member and a real champion of America's working families. Legislative Proposals to Relieve the Red Tape Burden on Investors and Job Creators United States House of Representatives Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises (Statement of Anne Simpson Senior Portfolio Manager, Investments Director of Global Governance California Public Employees' Retirement System, May 23, 2013) Chairman Garrett, Ranking Member Maloney, and Members of the Committee, on behalf of the California Public Employees' Retirement System (CalPERS), we thank you for convening this hearing. CalPERS is pleased to submit testimony for the record to reassert our strong support for efficient and effective financial regulation, as enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd- Frank''). This statement includes a brief overview of CalPERS, including how we benefit from effective financial markets regulation and the role that shareowner rights and corporate governance play in building investor confidence. It also includes a discussion of our views on HR 1135, HR 1105, and HR 1564.…”