Pittenger questions SEC Chair White
FOR IMMEDIATE RELEASE
CONGRESSMAN PITTENGER QUESTIONS SEC CHAIR ON INATTENTION TO MIDDLE CLASS
WASHINGTON – During a House Financial Services Committee hearing on Wednesday, Congressman Robert Pittenger questioned Securities and Exchange Commission Chair Mary Jo White on the agency’s inattention to core duties impacting hardworking American families.
In recent years, the SEC has focused on highly-politicized rulemaking, including disclosures on political contributions, CEO pay ratios, and conflict minerals, while spending little time on protecting individual investors and facilitating the capital needed for small businesses and entrepreneurs to grow and create jobs.
“How do you relate your role in these issues?” Congressman Pittenger (NC-09) asked Chair White. “It seems to be a diversion, in terms of scope of mission. Is this an interest of yours? Is it something of the Administration you feel compelled to carry? Why would you move away from what clearly is your scope of mission?
“Look at the results today. It’s all about results. Can you say, with all your good judgement, that all these disclosures, all these requirements, all these mandates, all these compliance issues, have been healthy as it relates to growing and expanding the economy?
Click here for full video of Congressman Pittenger’s questioning of SEC Chair White during Wednesday’s House Financial Services hearing.