Senate Banking Committee Chairman Mike Crapo (R-Idaho) recently wrote to Securities and Exchange Commission (SEC) Chairman Jay Clayton to encourage the agency’s effort to finalize rulemaking.
Although there are a number of rules in the final stages of the SEC’s agenda, Crapo in particular urged steps to be taken on shareholder proposal thresholds, saying the current rules have empowered “a small number of individuals with limited stakes” to consume corporate boardrooms.
Read on for more from Crapo’s letter.