Washington, April 15 -- Congressman Bryan Steil issued the following press release:
Today, Congressman Bryan Steil (WI-01), introduced the Protecting Americans' Retirement Savings from Politics Act. This legislation will impose new rules on the proxy advisor duopoly that require strong transparency disclosures and prevent conflicts of interest that have tarnished proxy advice and corrupted corporate governance. Congresswoman Ann Wagner (MO-02) is an original cosponsor of this bill.
"Too often, proxy advisors have encouraged votes that run counter to the economic interests of retirees and seniors. Investment advisors and pension funds should be focused on securing your retirement, not advancing their political agenda," said Steil. "My bill...