Legislation/Regulation

ATR Supports Rep. Mike Flood’s Equal Opportunity for All Investors Act

Americans for Tax Reform supports Rep. Mike Flood’s (R-Neb.) bipartisan Equal Opportunity for All Investors Act of 2023 (H.R. 2797). On May 31, 2023, H.R. 2797 passed the U.S. House of Representatives by a large bipartisan margin of 383-18. Now, the bill awaits action in the Senate. ATR encourages…

ATR Supports Rep. Bryan Steil’s Putting Investors First Act 

While state financial officers have received a lot of attention when it comes to combatting environmental, social, and governance (ESG) standards, Congressional Republicans are also gearing up to depoliticize investing and proxy voting. Last week, Rep. Bryan Steil (R-Wis.) reintroduced the Putting Investors First Act (H.R. 448), which would require proxy…

Why Pennsylvania’s HB 1671 Fails to Root Out Woke Investing

Bottom Line: Americans for Tax Reform opposes legislation (HB 1671) introduced by Pennsylvania State Representative Brett Miller. The bill ostensibly creates “transparency” by requiring the Public School Employees’ Retirement Board, the State Employees’ Retirement Board, and private equity managers to publicly disclose contractual information. Instead, the bill provides leverage,…

ATR Continues to Support Fix to Broker Definition for Digital Assets

Americans for Tax Reform continues to support legislative efforts to fix the overly-broad definition of a digital asset broker as passed in the Infrastructure Investment and Jobs Act (P.L. 117-58). As the end of the 2022 approaches, the lame-duck session will be the perfect opportunity to attach a provision…

ATR Op-Ed in Townhall: “It’s Time to Depoliticize Retirement Fund Investments.” 

On September 15, 2022, Townhall published an op-ed by ATR Federal Affairs Manager Bryan Bashur. The op-ed discusses how legislators and attorneys general have been fighting back against the recent trend of investment managers of retirement funds employing environmental, social, and governance (ESG) standards for their investments in violation of their…

Pennsylvania Republicans Use Democrats’ Playbook to Regulate Retirement Funds

The Pennsylvania House of Representatives is considering unnecessary legislation that mandates the public disclosure of confidential information of private equity firms and their pension fund investors. House Bill 1671, sponsored by Rep. Brett Miller, is a government assault on private equity funds and their investors. The bill has been…

ATR Submits Comment Letter to SEC’s Money Market Funds Rule

On April 9th, Americans for Tax Reform submitted a comment letter to the Securities and Exchange Commission’s Money Market Fund Reforms rule. Certain provisions of the rule, such as swing pricing, would weaken money market fund returns by impeding business operations and increasing the cost of MMF investment, thereby…

ATR Comments on FINRA Regulatory Notice on Complex Products 

On May 6th, Americans for Tax Reform submitted comments to the Financial Industry Regulatory Authority’s (FINRA) notice on the availability of certain publicly traded securities to individual investors. ATR is concerned that FINRA’s proposal risks eliminating trillions of dollars of affordable and accessible investment options for individual investors.

Lawmakers should Support Rep. Warren Davidson’s “Keep Your Coins Act”

For the first time, the Canadian government has invoked the Emergencies Act of 1988, forcing banks to freeze financial accounts of individuals involved in protesting against COVID vaccine mandates. Trudeau’s action is targeted at truck drivers who have been protesting a new mandate that requires them to be vaccinated…