Overview of the US Chamber of Commerce' "Institute for Legal Reform": Lobbies on issues affecting human rights such as Foreign Corrupt Practices Act, Dodd-Frank reforms
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Author: Proquest LLC
Emboldened by its legal victory over the Security and Exchange Commission's shareholder proxy access rule, the U.S. Chamber of Commerce is gearing up to contest other upcoming Dodd-Frank Act rules. The business lobbying group will launch legal challenges of other Dodd-Frank provisions if the SEC continues to produce insufficient economic analyses of these rules, says Tom Quaadman, vice president at the Center for Capital Markets Competitiveness at the Chamber...One example of a rule that the Chamber is considering challenging, according to Quaadman, is the SEC's proposed rule on conflict minerals. He says that while the Chamber agrees that the rule targets a human rights tragedy that must be resolved, the disclosure regime could impose a tremendous cost burden on companies without resolving the issue at hand.
Author: US Chamber Watch
[provides the names of "independent directors of the Institute for Legal Reform, as reported by the ILR’s 2009 tax returns (the most recent year such data is available)" - who are from the following companies: Kirkland and Ellis LLP; Greenberg Traurig; Honeywell; OdysseyRe; Financial Services Roundtable; Prudential; State Farm; Caterpillar; Pharmaceutical Manufacturers Association of America; General Electric; Johnson and Johnson; Walmart; PriceWaterhouseCoopers; Nationwide; Koch Industries; Southern Company; Chevron; American Bankers Association; FedEx; Liberty Mutual; ExxonMobil; American Medical Association; Allstate; The Chubb Corporation; Abbott; JPMorgan Chase; The Travelers; Dow Chemical; Ernst and Young; The Hartford; McDermott Will & Emery; Honeywell; Booz Allen; SkyWest Airlines; Sanofi; Wyeth]
- Related stories: Overview of the US Chamber of Commerce' "Institute for Legal Reform": Lobbies on issues affecting human rights such as Foreign Corrupt Practices Act, Dodd-Frank reforms
- Related companies: Abbott Laboratories Allstate Booz Allen Hamilton Caterpillar Chevron Chubb Group Dow Chemical Ernst & Young ExxonMobil FedEx General Electric Hartford Financial Services Honeywell Johnson & Johnson JPMorgan Chase Koch Industries Liberty Mutual McDermott Nationwide Mutual Insurance PricewaterhouseCoopers Prudential Financial Sanofi-Aventis SkyWest Air Southern Company State Farm Insurance Travelers Walmart Wyeth (part of Pfizer)
Author: US Chamber Watch
Recently, the ILR has lobbied on a litany of controversial issues, from pushing Congress to make it easier for corporations to bribe foreign officials by gutting the Foreign Corrupt Practices Act, to slowing the implementation of the Dodd-Frank financial reform bill and opposing political spending disclosure requirements from companies that have contracts with the federal government....