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☆ SEC regulation needs additional cost-benefit analysis: U.S. Chamber of Commerce CEO Suzanne Clark
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC regulation needs additional cost-benefit analysis: U.S. Chamber of Commerce CEO Suzanne ClarkSuzanne Clark, U.S. Chamber of Commerce president and CEO, joins 'Squawk on the Street' to discuss the Chamber's letter to the SEC about regulation and public policy risk, the immigrant labor force, and more.

☆ Top Senate Democrats press Chamber of Commerce on threat to sue FTC over noncompete clause ban
▼ + stars: | 2023-02-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. WASHINGTON — Two top Senate Democrats on Tuesday will press the largest U.S. business advocacy organization on its threat to sue the Federal Trade Commission over a plan to ban noncompete clauses. Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I., are requesting detailed information from the U.S. Chamber of Commerce about its plan to sue the FTC to halt the proposal. The new rule that would bar employers from imposing noncompete clauses could increase workers' wages by $300 billion a year, according to the FTC. A ban in Oregon helped raise wages for lower wage workers by 2% to 3%, according to a 2021 study.

☆ McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in 2020 and 2022 elections
▼ + stars: | 2023-02-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

McCarthy's refusal to meet with the Chamber is the latest strike in an ongoing feud between some House Republican members and the Chamber of Commerce. Tim Doyle, a spokesman for the Chamber of Commerce, told CNBC in a statement that the group's policies are more in line with House Republicans than Democrats. Representatives for House Majority Whip Tom Emmer, R-Minn., House Republican Conference Chair Rep. Elise Stefanik, R-N.Y., and Rep. Gary Palmer, R-Ala., did not return requests for comment. McCarthy's ire against the Chamber started after the group endorsed 23 House Democrats in the 2020 election cycle when Republicans failed to regain the majority. The Chamber reportedly endorsed 23 House Republican candidates and four Democrats during the 2022 election fight.

☆ Sen. Kyrsten Sinema pulls in cash from Wall Street, real estate titans as she mulls reelection bid
▼ + stars: | 2023-02-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Real estate and private equity leaders, who have long helped to fill Sinema's campaign coffers, contributed to a healthy cash haul for the senator in the final months of last year. At the lunch, Sinema discussed the incoming Congress and how the tight margins in both chambers could create gridlock, according to attendees. Sinema's campaign had already seen more than $2 million from the securities and investment industry since the 2018 election cycle. The Sinema campaign saw dozens of contributions totaling over $145,000 from people who work at Apollo Global Management, another giant private equity firm, since October. Suzanne Clark, CEO of the massive pro-business lobbying group U.S. Chamber of Commerce, also donated $1,000 to Sinema's campaign on Dec. 31, the new FEC filing shows.

☆ U.S. business lobby group lambasts FTC over proposed ban on non-compete clauses
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

Jan 12 (Reuters) - The U.S. Chamber of Commerce criticized on Thursday a proposed rule of the Federal Trade Commission (FTC) that seeks to ban companies from having non-compete clauses with workers, saying such a move would harm economic growth and limit competition. The FTC proposed the rule last week that would ban companies from requiring workers to sign non-compete provisions in contracts, in the latest sign from the Biden administration of its support for labor. Companies generally use these provisions to keep workers from leaving for better jobs. The Chamber also said it could mount a legal challenge. Reporting by Akanksha Khushi in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Paid sick leave was one of the outstanding issues in the negotiations. Rail workers get zero paid sick days. Paid sick leave is a basic human right. The measure to provide seven paid sick days did not win the required 60-vote supermajority in the Senate and was not endorsed by the White House. Senator Bernie Sanders and others denounced railroad companies for refusing to offer paid sick leave.

☆ U.S. Chamber of Commerce calls on Congress to settle rail labor dispute
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

U.S. Chamber of Commerce Chief Executive Suzanne Clark implored federal lawmakers to step in one day after members of the country's biggest railroad union rejected a tentative agreement brokered by a board appointed by President Joe Biden. "Congress must now impose the deal President Biden negotiated, and the railroads and union leadership agreed to," Clark said. Biden's Presidential Emergency Board in August released the framework for the tentative deal forged between major carriers like Union Pacific (UNP.N) and a dozen unions representing 115,000 workers. If they do not, workers could strike and railroads could lock out employees - unless Congress intervenes. "If Congress fails to do so, a rail strike would substantially exacerbate inflation and the economic challenges Americans are facing today," she said.

☆ U.S. Chamber of Commerce's Suzanne Clark on regulatory priorities post-midterms
▼ + stars: | 2022-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Chamber of Commerce's Suzanne Clark on regulatory priorities post-midtermsPresident and CEO of the U.S. Chamber of Commerce Suzanne Clark joins CNBC to discuss the pro-business collaboration potential for 2023, the priority policy issues generating concern and the regulatory considerations impacting economy.

☆ Still angry over sex harassment findings, Andrew Cuomo asks NY courts to investigate NY AG Letitia James
▼ + stars: | 2022-09-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Former NY governor Andrew Cuomo has filed a 48-page ethics complaint against NY AG Letitia James. The Attorney Grievance Committee complaint accuses James of cooking up last year's sex harassment report. Cuomo seeks unspecified 'appropriate' discipline against James, who is standing behind her report. James' report had concluded that the then-governor harassed nearly a dozen women, including members of his own staff, state employees, and a state trooper. "Attorney General James, Joon Kim, and Anne Clark hold themselves to the highest ethical standards," James said in a statement responding to Cuomo's complaint.

Amtrak on Monday said it had canceled three long-distance train routes in advance of a looming railroad union strike that is threatening to hobble the nation's economy. The rail line said it was phasing in additional schedule "adjustments" as needed. Freight rail workers are threatening to strike for higher pay, more generous paid leave and a renegotiation of strict attendance policies and broader working conditions. A national rail strike "would be an economic disaster — freezing the flow of goods, emptying shelves, shuttering workplaces and raising prices for families and businesses alike," Suzanne Clark, the head of the U.S. Chamber of Commerce, said Monday. The Association of American Railroads trade group has estimated that shutting down the railroads would cost the economy $2 billion a day.

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