A Business Roundtable comment letter raises questions about a recent SEC economic analysis concerning the CEO pay ratio rule and the analysis in the Commission’s consideration of the final rule. BRT also highlights the source of the extraordinary costs and burdens the proposed rule would place on companies and their shareholders and that the information garnered from the rule would be immaterial, if not misleading, to investors. Finally, the Dodd-Frank provision mandating pay ratio should be repealed and, if this proves unachievable, the letter recommends changes that could substantially decrease the proposed rule’s costs and burdens.
Financial professionals should be required to act in the best interests of employee benefit plan participants when providing investment advice to a retirement plan or its participants. While we appreciate the EBSA addressing this issue, we urge the EBSA to reconsider some elements of its proposed definition of fiduciary and the related proposed prohibited transaction exemptions.
We are pleased that The Every Child Achieves Act, as passed by the Senate, makes important progress in each of these areas. We also appreciate the hard work that has gone into bringing this bipartisan legislation to the floor, and we look forward to closely working with you to ensure that ESEA is reauthorized as soon as possible.
The expired provisions are vitally important to creating and maintaining jobs, generating investment, advancing U.S. competitiveness and spurring economic growth. Failure to extend these provisions is a tax increase that will inject further instability and uncertainty into the economy and weaken confidence in the employment marketplace.
Weakening these requirements would undermine accountability provisions designed to ensure that all children – no matter their background or school – receive the education they deserve.
Senate Amendment 2156 would ensure parents, educators and policymakers have access to publicly reported data on postsecondary enrollment and remediation rates for high school graduates, both overall and for categories of students.
The Business Coalition for Transatlantic Trade (BCTT) is made up of major companies and associations that support conclusion of an ambitious, comprehensive, and high-standard trade and investment agreement between the United States and the European Union.
We write today to encourage you to vote against any amendment to the Elementary and Secondary Education Act reauthorization that would weaken test participation requirements.
Today, most companies provide investors an explanation of the link between executive compensation and corporate performance. Naturally, this disclosure is tailored to each company’s unique circumstance. The Dodd-Frank Act requires the SEC to adopt rules that formalizes this disclosure. Unfortunately, the SEC missed an opportunity to propose a flexible rule that would leverage and build upon current disclosure practices. Instead, the SEC proposed a prescriptive, one-size-fits-all approach that would add to investor information overload through an increasing flood of immaterial information.
Business Roundtable believes the approach used in the trade debates – collaboration across the political aisle, with economic growth the overriding goal – can serve as an effective model for even more legislative successes this year and next.
I am writing on behalf of the Business Roundtable in response to the Equal Employment Opportunity Commission (EEOC) proposed rule on the Application of the Americans with Disabilities Act (ADA) to Employer Wellness Programs.
To confront cybersecurity threats, Business Roundtable has long supported passage of cybersecurity information sharing legislation as a key fundamental to advancing legally- and privacy-protected cybersecurity information sharing.