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June 15, 2023

AAF Supports GOP Effort to Roll Back SEC Overreach

Advancing American Freedom issued the following statement of support for legislation from Senator Mike Rounds (R-SD), which would target a proposed rule from the Securities and Exchange Commission (SEC) requiring companies to disclose information on their greenhouse gas emissions.

“Greenhouse gas emissions have nothing to do with gauging whether a company is profitable, and these disclosure mandates would only further inhibit a company’s success,” said AAF Executive Director Paul Teller. “Senator Mike Rounds’ bill is common sense legislation that would rein in the SEC’s attempt to expand the presence of government in the day-to-day work of American businesses. This proposed rule does nothing but create additional barriers for companies to prosper while further crippling critical American industries and investments. Advancing American Freedom will continue to support Congress in its efforts to roll back these harmful proposals and encourages lawmakers to stand against the Biden administration’s radical climate agenda.”

Background 

AAF: “It’s Time to Defang the Administrative State”

Advancing American Freedom issued the following statement after the House passed the Separation of Powers Restoration Act (SOPRA), which would repeal the doctrine of “Chevron deference” that has enabled federal bureaucrats to make, interpret, and enforce laws without any accountability.

“For too long, government agencies have undermined the separation of powers set out in the United States Constitution. Rather than look to Congress to legislate, agencies have taken the legislative role upon themselves, and the courts have shrugged their shoulders, allowing the executive to run roughshod over the other branches,” said AAF Executive Director Paul Teller. “This crucial first step by the House checks the ever-growing bureaucracy and reempowers federal courts to do their constitutional duty.”

“SOPRA properly restores the judiciary to its province and duty to say what the law is, not what a self-serving bureaucracy states what it should be,” said J. Marc Wheat, General Counsel for AAF. “Advancing American Freedom will continue to be an advocate for the separation of powers and combat executive overreach like Chevron deference.”

Background:

In December, Advancing American Freedom filed an amicus brief in the Loper Bright Enterprises v. Raimondo case before the Supreme Court, arguing for the overturn of the Chevron Doctrine. The Supreme Court is expected to rule on the Chevron doctrine next term.