There is already plenty of legislation and regulatory bodies that accomplish this goal. This bill seeks to eliminate corporate self determination and turn public companies into charitable organizations, which defeats the purpose of their existence.
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Keep the government out of corporations. CEOs already have a feduciary responsibility. This is enough. They answer to stockholders. This often requires them to do things that would anger employees.
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This is a solution looking for a problem, or more likely looking for votes. Yeah, the government can solve all problems. How’d you like to shop for groceries at the DMV?
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I know.
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