America’s top financial regulator issued climate disclosure rules that are more burdensome for smaller companies than large companies, according to the agency’s own analysis.
While the rules would cost large corporations $640,000 at first and $530,000 in subsequent years, they would cost smaller publicly-traded companies $490,000 initially and $420,000 in following years, the Securities and Exchange Commission (SEC) said in its proposal. The regulator’s analysis suggests that smaller companies would feel a relatively larger financial burden as a result of the proposed disclosure rules.
Florida Sen. Marco Rubio (R) is calling for Republicans to break from big business in policy and polities when he spoke at the National Conservatism Conference yesterday. He also penned an op-ed in the Orlando Sentinel saying America’s largest companies have peddled “anti-American ideologies” and “wokeness” which has contributed to America’s growing partisan divide.
Rubio comments from the conference were pared down into another op-ed posted in The American Conservative where he said if conservatives do not fight back using “corporate patriotism,” Rubio said “we would lose America.”
Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the original all-star panelist Crom Carmichael in studio to discuss Joe Biden’s endeavor to regulate businesses from Washington, D.C.
President Joe Biden’s competition and antitrust executive order will harm American consumers, groups representing both large and small businesses said.
The leading groups — including the Chamber of Commerce, Job Creators Network (JCN) and the National Association of Manufacturers (NAM) — slammed Biden’s executive order, arguing that it will harm competition and present a host of challenges to small businesses. The business groups said the order is an example of big government attempting to exert control over the free market via onerous rules and regulations.
“This executive order amounts to a bizarre declaration against American businesses, from the largest to the smallest,” Small Business and Entrepreneurship (SBE) Council Chief Economist Raymond Keating said in a statement. “It’s hard to understand why a White House would go down such a path, especially as the economy is digging out from the COVID-19 disaster.”
During the 2019 shareholder season, Justin Danhof, general counsel for the National Center for Public Policy Research, tabled a shareholder proposal at Amazon’s annual meeting. “Diversity in board composition is best achieved though highly qualified candidates with a wide range of skills, experience, beliefs, and board independence from management,” it read. Uncontroversial, one might think, but Danhof was booed and heckled throughout his presentation. Afterward, a representative for Arjuna Capital (which “works with high net-worth individuals,” its website says) told Danhof that he was simply trying “to protect white males.” A representative of the Nathan Cummings Foundation (with $424 million of cash and investments, on its most recent balance sheet) made clear that Danhof was unwelcome and should hasten, lest he be late for his next Klan meeting or book burning.