In the News
Florida’s Chief Financial Officer is Laser-Focused on Financial Returns for Retirees
Last week, Florida Chief Financial Officer Jimmy Patronis issued a directive requiring asset managers to remove Floridians’ retirement money from environmental, social, and governance (ESG) funds. Florida’s Deferred Compensation Plan (DCP), which is a supplemental retirement plan for state employees, totals $5.1 billion in assets. A percentage of these assets will…
ATR Op-Ed in The Hill: “‘The Big Three’ must prioritize returns over ESG propaganda”
On June 6th, The Hill published an op-ed by ATR Federal Affairs Manager Bryan Bashur. The piece discusses how the world’s largest asset management firms (BlackRock, Vanguard, and State Street) have lost focus on maximizing retirement plan returns and instead prefer to promote environmental, social, and governance propaganda. The…
ATR Op-Ed in Washington Examiner: “States move to protect retirees from risky woke capital”
On June 1st, the Washington Examiner published an op-ed by ATR Federal Affairs Manager Bryan Bashur. The piece discusses how states are fighting to remove environmental, social, and governance investments from pension fund returns, while the Biden administration is fully embracing woke capital. The op-ed begins by highlighting the…
ATR Op-Ed in Townhall: “Biden Rulemaking Poses Threat to Retirement Savings”
In an op-ed published in Townhall last week, ATR Federal Affairs Manager Bryan Bashur discusses that the Department of Labor (DOL) is expected to issue a rulemaking, which would reduce retirement savings for millions of minorities and lower income Americans. The DOL rule will likely mimic an Obama administration rule, which…
ATR Op-Ed in The Hill: “Forcing climate mandates on banks will stifle access to affordable credit”
In an op-ed published in The Hill yesterday, ATR Federal Affairs Manager Bryan Bashur points out how mandating banks to take green factors into consideration will increase borrowing costs for households and businesses and slow economic growth. The Biden administration and left-wing groups support the more stringent requirements on banks to…
ATR Leads Coalition Letter Opposing Federal Reserve Nominees
Earlier today Americans for Tax Reform led a coalition letter to the Senate Committee on Banking, Housing, and Urban Affairs in opposition to two nominees to serve on the Board of Governors of the Federal Reserve System: Sarah Bloom Raskin and Lisa Cook. The organizations strongly oppose the nominations of Sarah…
ATR Op-Ed in The Washington Times: “Biden appointee Gary Gensler trying to make it pricier to trade stocks”
In an op-ed published in The Washington Times this week, ATR Federal Affairs Manager Bryan Bashur emphasizes the importance of payment for order flow (PFOF) as an innovative component of stock trading that has allowed brokers to eliminate commissions for individual investors. The deregulation of stock trading commissions in…
ATR Op-Ed in Townhall: How Stablecoins Can Help the Underbanked
In an op-ed published in Townhall yesterday, ATR Federal Affairs Manager Bryan Bashur outlined how stablecoins (digital tokens backed by reserve assets such as the U.S. dollar or short-term debt) can provide financial services to Americans who have previously lacked easy access to capital. Lower-income individuals, minorities, and rural communities are…
ATR Op-Ed in RealClearMarkets: Emphasis On ESG Investing Will Compromise Future Retirements
In an op-ed published in RealClearMarkets last week, ATR Federal Affairs Manager Bryan Bashur highlighted the Biden administration’s misguided initiative to weaponize environmental, social, and governance (ESG) investing strategies. Biden’s support for ESG will kill energy jobs and put Americans’ retirement savings at risk. As Bashur points out: Within his first…
ATR Op-Ed in The Washington Times: Taxing stock buybacks harms everyone
In an op-ed published in the Washington Times today, ATR Federal Affairs Manager Bryan Bashur underscored the benefits of stock buybacks. He also explained that the idea that buybacks only benefit corporate executives at the expense of workers and R&D is flawed. In fact, buybacks are beneficial for employees’…