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Steve Chabot on CorporationsRepublican Representative (OH-1) |
Proponents support voting YES because:
We should not deprive the public, the stockholders, from being able to do anything meaningful once they find out about scandalous levels of executive compensation or board compensation. Everyone talks about the corporate board as the remedy. But the board is often a part of the problem, being paid huge amounts of money for showing up once or twice a year at meetings.
Give the stockholders a meaningful remedy. Once you get the mandatory disclosure put in place by previous legislation, we are saying the stockholders should be allowed to have a referendum on that and not have a runaround by the board.
Opponents support voting NO because:
This vote is based on mischaracterization--it is an unnecessary amendment. The opportunity for these kinds of votes already exists within the structure of corporate governance right now. A good company from Georgia, AFLAC, went ahead and already has these nonbinding shareholder votes. But there is a difference between having individuals in the private sector, shareholders and individuals outside of the mandating of government to have it occur and have government come in with its heavy hand and say, this is exactly what you need to do because we know best. Our constituents know better how to act and how to relate to corporations than Washington.
Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.
Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.
"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
The House Committee on Small Business has oversight and legislative jurisdiction over the Small Business Administration and its programs, as well provides assistance to and protection of small business, including financial aid and the participation of small business enterprises in federal procurement and government contracts. The committee also oversees matters related to the matters Regulatory Flexibility Act and the Paperwork Reduction Act. The jurisdiction extends to other programs and initiatives addressing small business outside of the confines of these two specific acts.
A BILL To repeal the expansion of information reporting requirements for payments of $600 or more to corporations. Section 9006 of the Patient Protection and Affordable Care Act, and the amendments made thereby, are hereby repealed; and the Internal Revenue Code of 1986 shall be applied as if such section, and amendments, had never been enacted. [This is the first attempt at dismantling ObamaCare by pieces, as opposed to H.R. 2 which dismantles ObamaCare in whole. The proposed section of the ObamaCare law to be repealed appears below. --OnTheIssues editor].
Congressional Summary:
Supporter's Comments: (by CUNA, a pro-credit union organization)
America's small businesses are the engine of growth of our nation's economy. The effects of the financial crisis of the past few years have spread to all types of lending, resulting in a reduction in the availability
of business credit. At a time when banks are withdrawing credit from America's small businesses, credit unions have actually been expanding credit to small businesses, but with more credit unions approaching the cap, this growth is threatened. Congress should enact legislation which increases the credit union member business lending cap from 12.25% of assets to 27.5% for well-capitalized credit unions
Opponent's Comments: (by the Independent Community Banks of America, Nov. 15, 2012)
The tax-subsidized credit union industry is pressing for doubling the statutory cap Congress placed on member business loans. Shifting assets from tax-paying banks to tax-exempt credit unions would reduce tax revenue to the government; the CBO estimates the revenue impact at $354 million over 10 years. We believe that banks are currently meeting the needs of credit-worthy businesses, as substantiated by numerous business surveys.
The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.
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2017-18 Governor, House and Senate candidates on Corporations: | Steve Chabot on other issues: | |||
OH Gubernatorial: Betty Sutton Connie Pillich Dennis Kucinich Jim Renacci Joe Schiavoni John Kasich Jon Husted Mary Taylor Mike DeWine Nan Whaley Richard Cordray Tim Ryan OH Senatorial: Jim Renacci Mike Gibbons P.G. Sittenfeld Rob Portman Sherrod Brown Ted Strickland Freshman class of 2019: "Freshman class" means "not in Congress in January 2017", with exceptions: * Special election, so sworn in other than Jan. 2019 ** Served in Congress in a previous term *** Lost recount or general election |
Freshman class of January 2019 (Republicans):
AZ-8*:Lesko CA-39***:Kim FL-6:Waltz ; FL-15:Spano ; FL-17:Steube GA-7:Woodall ID-1**:Fulcher IN-4:Baird IN-6:Pence KS-2:Watkins MN-1:Hagedorn ; MN-8:Stauber MS-3:Guest MT-0*:Gianforte NC-9***:Harris ND-a:Armstrong NM-2***:Herrell OH-12*:Balderson ; OH-16:Gonzalez OK-1:Hern PA-9:Meuser ; PA-11**:Smucker ; PA-12*:Keller ; PA-13:Joyce ; PA-14:Reschenthaler SC-4:Timmons SD-0:Johnson TN-2:Burchett ; TN-6:Rose ; TN-7:Green TX-2:Crenshaw ; TX-3:Taylor ; TX-5:Gooden ; TX-6:Wright ; TX-21:Roy ; TX-27*:Cloud VA-5:Riggleman ; VA-6:Cline WI-1:Steil WV-3:Miller |
Freshman class of January 2019 (Democrats):
AZ-2**:Kirkpatrick ; AZ-9:Stanton CA-49:Levin ; CA-10:Harder ; CA-21:Cox ; CA-25:Hill ; CA-39:Cisneros ; CA-45:Porter ; CA-48:Rouda CO-2:Neguse ; CO-6:Crow CT-5:Hayes FL-26:Mucarsel-Powell ; FL-27:Shalala GA-6:McBath HI-1**:Case IA-1:Finkenauer ; IA-3:Axne IL-4:Garcia ; IL-6:Casten ; IL-14:Underwood KS-3:Davids KY-6***:McGrath MA-3:Trahan ; MA-7:Pressley MD-6:Trone ME-2:Golden MI-8:Slotkin ; MI-9:Levin ; MI-13:Tlaib ; MI-13*:Jones ; MI-11:Stevens MN-2:Craig ; MN-3:Phillips ; MN-5:Omar NC-9***:McCready NH-1:Pappas NJ-2:Van Drew ; NJ-3:Kim ; NJ-7:Malinowski ; NJ-11:Sherrill NM-1:Haaland ; NM-2:Torres Small NV-3:Lee ; NV-4**:Horsford NY-14:Ocasio-Cortez ; NY-11:Rose ; NY-19:Delgado ; NY-22:Brindisi ; NY-25:Morelle OK-5:Horn PA-4:Dean ; PA-5:Scanlon ; PA-6:Houlahan ; PA-7:Wild ; PA-17*:Lamb SC-1:Cunningham TX-7:Fletcher ; TX-16:Escobar ; TX-29:Garcia ; TX-32:Allred UT-4:McAdams VA-2:Luria ; VA-7:Spanberger ; VA-10:Wexton WA-8:Schrier |
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Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Jobs Principles Social Security Tax Reform Technology War/Peace Welfare/Poverty Candidate Information: Main Page Profile OH politicians Contact info: Fax Number: 202-225-3012 House Contact Mailing Address: Office 2351 RHOB, Wash., DC 20515 Phone number: 202-225-2216 |