Political Quotes

“I include in the Record the following letters, a June 14 letter from the National Association of Manufacturers, a June 15 letter from the U.S. Chamber of Commerce, and a June 16 letter from the American Securities Association, all in opposition to this bill. National Association of Manufacturers, June 14, 2021 House of Representatives, Washington, DC. Dear Representative: On behalf of the National Association of Manufacturers, I write to express opposition to H.R. 1187, the Corporate Governance Improvement and Investor Protection Act. Manufacturers are taking the lead in innovating solutions to climate change, ensuring clean air and water, and enhancing diversity and inclusion--and, importantly, in providing information about this critical work to their investors. Public company reporting related to climate change and other environmental, social, and governance topics should allow for principles-based disclosure of financially material information relevant to these efforts. The NAM is concerned that the ESG Disclosure Simplification Act, the Shareholder Political Transparency Act, the Greater Accountability in Pay Act, and the Climate Risk Disclosure Act would impose disclosure mandates that focus on costly one-size-fits-all metrics rather than material, decision-useful information for investors.…”