Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedomworks (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

FreedomWorks Bill of the Month November 2021: The Mind Your Own Business Act, S. 2829

% of readers think this story is Fact. Add your two cents.


The Big Picture

FreedomWorks is excited to recognize S. 2829, the Mind Your Own Business Act introduced by Sen. Marco Rubio (R-Fla.), as our Bill of the Month for November 2021.

Increasingly, the “woke” ideology that infests our nation’s university system is making its way into the boardrooms of corporate America. Environmental, Social, and Governance (ESG) standards are growing in popularity, placing the left-wing social justice agenda ahead of companies’ fiduciary responsibility to their shareholders.

The Mind Your Own Business Act would provide shareholders with the tools necessary to ensure that the companies they invest in are making decisions based on what is financially best rather than their politics.

The Details

When large publicly traded companies risk severe losses campaigning for left-wing causes or pulling products from the marketplace for daring to be patriotic, they should prove to shareholders that it is in their best financial interest. The Mind Your Own Business Act does just that by giving shareholders the tools necessary to hold woke corporations accountable. When shareholders bring legal action against woke corporations, the burden of proof will be on the company to show that their actions are in the best financial interests of shareholders.

  • The Mind Your Own Business Act covers boycotts and other actions made by companies on a primarily non-pecuniary basis.
  • Non-pecuniary activities are those that are not directly related to finances. An example would be a company boycotting a state over election-integrity legislation.
  • This legislation also bars companies from hiding behind elements such as “public image” when defending how their decisions benefit their bottom line.

Why it Matters

This bill forces woke capital to put their money where their mouth is and prove that their political agenda is good for business. Shareholders have the right to know whether or not the companies they invest in have their interests at heart rather than serving a left-wing political agenda.

Millions of Americans invest in large companies through mutual funds, company-sponsored 401k plans, and purchasing stocks. Placing a political agenda ahead of the company’s financial well-being is an unethical practice and a breach of the fiduciary duty of loyalty that is owed to shareholders. trust for investors.

Sen. Marco Rubio’s Mind Your Own Business Act is an excellent step toward holding woke corporations accountable to their shareholders. We hope to see more lawmakers follow Sen. Rubio’s lead and support this important legislation.



Source: https://www.freedomworks.org/content/freedomworks-bill-month-november-2021-mind-your-own-business-act-s-2829


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.