Such extensive and wide ranging disclosure requirements unrelated to running a business are akin to socialism (government control and expropriation of private property) by other means! Such unnecessary and burdensome bureaucratic requirements will surely make U.S. companies sclerotic!
"President Joe Biden’s nominee to head the Securities and Exchange Commission indicated Tuesday that he would likely support new rules to force corporations to disclose their political spending activities and workforce diversity, and tighten disclosures around climate change, policies that critics fear would make businesses more susceptible to political pressure from the left. ..."
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