Chuck Schumer actually said...

"Doesn't the Shareholder Bill of Rights create a competitive advantage for the companies that follow the best practices?"

"I do not think they would have a different structure, and I would argue that the recent history would undercut your argument even further."

"That is not a very good argument against my proposal."

"What Senator Schumer in his bill prescribes, however, is not appropriate, and that is that you create a separate committee to do that."