Comes to Light


“upstream or downstream activities in its value chain.” Aside from it being a costly waste of time that is sure to raise the cost of goods and services in America even higher, I’ve yet to hear a coherent method for actually achieving the goal. How is a company supposed to accurately assess and disclose the emissions associated with one of its products years aſter that product has been sold?


It sounds ridiculous, but that is what we’re dealing with. Te agency whose mission is to “protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation” believes the best way to carry out that duty is to mandate guesses about future floods and tornados in financial statements. It is the new version of Operation Choke Point — using financial regulators to put industries out of business that don’t fit


the administration’s political ideals. It’s a gross abuse of power and a significant divergence from their statutory responsibilities.


With inflation at more than 8%, Americans’ 401Ks going the wrong way, hiring freezes or cutbacks becoming common practice across many industries, the financial regulators’ neglect is certainly coming to light.


Congressman Blaine Luetkemeyer represents the Third Congressional District of Missouri. He serves on the House Financial Services Committee, as ranking member of the Subcommittee on Consumer Protection and Financial Institutions and ranking member of the House Committee on Small Business.


THE MISSOURI BANKER 19


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