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Legislative Alert: "Capital Formation" Bills: (S. 1933), (S. 1544), (S. 1831), (S. 1791) and (S. 1824)

Author
Samuel, William
Abstract
[Excerpt] On behalf of the AFL-CIO, I am writing to express our strong opposition to the so-called "capital formation" bills pending before the Committee, which would reduce regulator}' protections for investors in many companies. These investor protections are critical to safeguarding the retirement savings of America's workers from fraud and other risks. While the proponents of the "capital formation" bills claim they would promote jobs and economic growth, they would actually have the perverse effect of raising the cost of capital for all companies, by increasing the risk of fraud, and reducing the flow of information to investors.
Date Issued
2012-02-29Subject
AFL-CIO; Legislative Alert; Capital Formation Bills; S. 1933; S. 1544; S. 1831; S. 1791; S. 1824
Rights
Required Publisher Statement: Copyright by the AFL-CIO. Document posted with special permission by the copyright holder.
Type
article