Date: February 12, 2013

Issue: Corporate Governance

To: The Honorable Richard C. Shelby

Filing Type: Congressional 

Description:  This legislation is particularly pertinent in light of hundreds of rulemakings mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), and in the wake of the recent decision of the D.C. Circuit Court of Appeals in Business Roundtable and U.S. Chamber of Commerce vs. Securities and Exchange Commission that vacated the proxy access rule because the appellate court concluded that the Securities and Exchange Commission “failed once again to adequately assess the economic effects of a new rule.” 

Download PDF