American Securities Association

“This U.S. Securities and Exchange Commission's corporate governance policies have injected political and social issues into the board rooms of Corporate America, costing America’s retirees, working families, and small investors millions of dollars,” said ASA President and CEO Christopher A. I.. “By siding with political activists over mom-and-pop investors, the SEC made an explicit policy choice to put the interests of political activists and the ESG Industrial Complex ahead of Mr. and Mrs. 401(k).” Read more from our letter to the House Financial Services Committee ahead of today's #ESG hearing: https://lnkd.in/eEZ-5mQi

“ASA is proud to be joined by Attorney General Barr and the American Free Enterprise Chamber of Commerce in filing this amicus brief to stand up for American investors and protect their right to privacy,” said ASA President & CEO Christopher A. I.. https://lnkd.in/eEqx7yEs

"Still, the CAT remains a lightning rod on Wall Street. The latest fight is over who should pay for the system. The SEC last year finalized a plan to split the cost between the brokerage industry, stock exchanges and FINRA. American Securities Association CEO Christopher A. I. warns that the funding model could push most of the CAT’s costs onto brokers, traders and individual investors. 'A policy decision of that magnitude must be made by Congress,' said Iacovella, a long-time critic of the CAT." Read more in POLITICO via Declan Harty: https://lnkd.in/ev82xzar

"ASA commends the U.S. Department of the Treasury for proposing to stop the flow of U.S. investor dollars to Chinese Communist Party-backed entities that pose a threat to the national security of the United States and the privacy of every American citizen,” said ASA President & CEO Christopher A. I. “The CCP is an authoritarian regime that abuses the human rights of its citizens, indiscriminately destroys the environment, and aggressively subverts American society. We are hopeful the bipartisan acknowledgement of the threat posed by the CCP to America’s working families, investors, and small businesses will lead to further action by Congress and the Executive Branch.” Read more from our full statement welcoming Treasury's outbound investment proposal and how policymakers can do more to close the “passive index loophole” facilitating the ongoing outflow of retail investor savings to Chinese companies by way of index funds. https://lnkd.in/e3UNZEPY

ICYMI ASA in The Bond Buyer: Yesterday, ASA urged Congress to preserve the tax-exempt status of municipal bonds. Read more from our take on how this long-standing tax treatment is a driver of economic growth and an improved quality of life for all Americans in every state. https://lnkd.in/drnq_Bai

The tax-exempt status of municipal #bonds has been a cornerstone of infrastructure financing, benefiting both rural and urban areas across our nation for over a century. ASA looks forward to working with policymakers to preserve this long-standing #tax treatment which is a driver of economic growth and an improved quality of life for all Americans in every state. Learn more in ASA President & CEO Christopher A. I.'s letter to the United States Senate Committee on Finance here: https://lnkd.in/gt7ceCKu

“Once again, the courts ruled the U.S. Department of Labor fiduciary rule was never authorized by the people’s elected representatives in Congress,” said ASA President and CEO Christopher A. I.. “The DOL and its unelected bureaucrats need to be held accountable for wasting millions of taxpayer dollars in pursuit of an ideological agenda that the courts made clear in 2016 was illegal.” Our full statement on the latest court ruling: https://lnkd.in/egYiJ4jK

ICYMI: Following the Supreme Court's recent decision to rein in the Administrative State, we filed a supplemental authority to the 11th Circuit underscoring how the Consolidated Audit Trail database exceeds the U.S. Securities and Exchange Commission's authority. “James Madison famously said the concentration of executive, legislative, and judicial power in one body is ‘the very definition of tyranny’, and for decades, the Administrative State played that role. But after Loper, that paradigm has come to an end,” said ASA President and CEO Christopher A. I.. “ASA submitted a filing to the 11th Circuit, which cited Loper, while focusing on the SEC’s lack of express authority to adopt the CAT and create a national registry of American investors.” https://lnkd.in/e7rimrQj

ASA in the Financial Times: "Today’s decisions are necessary to stop an out-of-control administrative state from continuing to trample on our democracy,” said Christopher A. I., president of the American Securities Association." https://lnkd.in/exmViSBD

ASA Applauds Supreme Court Rulings to Rein in Administrative State: “Today’s decisions are necessary to stop an out-of-control Administrative State from continuing to trample on our democracy. Returning policymaking authority to the elected representatives of the American people is a major victory for our Constitution and the separation of powers in our country.” -- ASA President and CEO Christopher A. I. https://lnkd.in/e7kaKnaX