If deceptive labeling of bills in Congess were punishable by regulatory agencies, Sens. Chuck Schumer (D-NY) and Maria Cantwell (D-WA) would be paying a hefty fine.
Their so-called “shareholder bill of rights,” recently introduced in the Senate, would impose a one-size fits all regime on public companies that would limit choices for shareholders, reduce corporate performance, and allow political agendas of pressure groups to trump the interests of ordinary investors. Most egregiously, the bill would make illegal a key feature of the corporate…
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