Political Quotes

“What my amendment does is prohibits funding for the SEC's proposed rule titled: ``Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule 14a-8.'' Since its origins in the 1940s, the shareholder proposal process has evolved from a modest effort to give shareholders an additional tool for influencing corporate governance to a complex and overpoliticized process. Under the current SEC rules, even small shareholders who meet the $2,000 ownership requirement for at least 3 years can submit proposals on public company ballots. This process is overwhelmingly exploited by activists driven by social or political agendas and leads to hundreds of resolutions being filed related to environmental, social, and political issues rather than focusing on a company's growth and competitiveness. Mr. Chairman, I reserve the balance of my time.”