There are many “heroes” in the recent withdrawal of a rule that would have created a new type of corporation out of whole cloth. The SEC withdrew the rule on Natural Asset Companies (NAC), which it had tried to sneak through in October. It’s a model of how regulatory push-back can be effective against Biden Administration regulatory overreach even with such a slim Republican majority in the House. When red states work in conjunction with congressional oversight, meaningful change can occur.
0 Comments
|
Archives
February 2024
Categories |