Letter to SEC on Corporate Transparency and Accountability and the Coronavirus Pandemic

Andy Green and others write a letter to the U.S. Securities and Exchange Commission regarding corporate accountability and transparency amid the coronavirus pandemic.

Authors

Andy Green
Tyler Gellasch
Erik Gerding
Lev Bagramian
Urska Velikonja
Rachel Curley
Renee Jones
Divya Vijay

+5 More

Advancing Racial Equity and Justice, Building an Economy for All, Strengthening Health, COVID-19 +1 More

The following letter was submitted by the authors on May 26, 2020, to the Securities and Exchange Commission (SEC) Chairman Jay Clayton and filed in response to selected rulemakings (listed in the appendix below). SEC proposed rules and public comments are available here.

Dear Chairman Clayton,

America is in crisis. The raging coronavirus pandemic has infected more than 1.6 million Americans and killed nearly 100,000 to date. The health crisis has also caused a unprecedented economic shutdown that threw more than 20 million Americans out of work in April alone. Unemployment is predicted to remain above 10 percent through the end of 2021, long after social distancing measures have ended. Making this crisis worse are the decades of economic and financial regulatory policies that have stripped workers and investors of information and rights, while allowing anti-competitive and abusive corporate practices to flourish.

The above excerpt was originally published in The FinReg Blog. Click here to view the full article.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.