Thank goodness that not all laws being pushed through congress are hundreds or thousands of pages long. So many bills like the USA Patriot Act and budgets get passed into law without anyone ever actually reading the entire text.
Rep. Nan Hayworth (R-NY) introduced a beautifully simple one page bill HR-1062 that does one thing and one thing only. If passed, the innocuous sounding but disingenuous Burdensome Data Collection Relief Act would repeal Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203). You can find the full 849 page text of the Dodd-Frank bill at http://bit.ly/KEKhMi
So what does this single onerous paragraph of this huge bill require publicly traded companies to do? They must publish the ratio between the total compensation of the CEO and the median compensation of all employees of the company.
It's a good thing we have Republicans like Hayworth to protect us from being exposed to excess and burdensome information like how much more our bosses make than we do!
Burdensome Data Collection Relief Act (H.R. 1062) – GovTrack.us
H.R. 1062. To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal certain additional disclosure requirements, and for other purposes. In GovTrack.us, a database of bills in t…
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