Political Quotes

“Much like the previous amendment to stop the assault on the American taxpayer, I rise in support of this amendment to prohibit funds for the SEC's 2022 proxy adviser rule. By issuing this new rule, the Biden SEC gutted key safeguards from the previous administration. Those safeguards provided sorely needed accountability and transparency for the proxy adviser industry. ISS and Glass Lewis, the two main proxy adviser firms, control 97 percent of the market for proxy advice. The businesses that manage our retirement savings rely on these firms when deciding how to vote on corporate governance issues. The two that they rely on control 97 percent. They are the ones that have the expertise, and to say anything different is just flatout wrong and not in reality. Mr. Chairman, I reserve the balance of my time.”