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Blog

FreedomWorks Foundation Submits Comments on Climate Change Disclosure

Today, FreedomWorks Foundation submitted a formal comment to the Securities and Exchange Commission (SEC) regarding their request for information (RFI) about climate change disclosures. In their RFI, the SEC seeks public input on their decision to "evaluate our disclosure rules with an eye toward facilitating the disclosure of consistent, comparable, and reliable information on climate change."

06/14/2021
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Blog

FreedomWorks Foundation Submits Comments Opposing Critical Race Theory in Schools

Today, FreedomWorks Foundation submitted a formal comment opposing a proposed rule by the Department of Education that would incentivize and provide funding for the teaching of critical race theory in America’s schools. The proposed rule would retarget existing priorities for American History and Civics Education programs to require schools seeking federal grants to teach critical race theory.

05/11/2021
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Blog

FreedomWorks Foundation Submits Comments on Intellectual Property Rights

Today, FreedomWorks Foundation submitted a formal comment supporting a proposed rule by the National Institute of Standards and Technology that seeks to provide clarity to federal "march-in" rights under the Bayh-Dole Act of 1980. In short, the Bayh-Dole Act lays out the framework for providing inventors the title to their innovations that are either wholly or partially publicly funded. Within this framework exists a little-known provision that give federal agencies the authority to "march-in" and force title holders to provide a license for their product where they otherwise would not have, creating a loophole by which the federal government could implement price controls on private companies.

04/05/2021
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Blog

FreedomWorks Foundation Submits Comments on Cryptocurrency Disclosure

Today, FreedomWorks Foundation submitted a formal comment opposing a proposed rule by the Financial Crimes Enforcement Network (FinCEN) regarding cryptocurrency. The proposed rule would require banks and other organizations to identify, and keep records of, all individuals who use either hosted or unhosted cryptocurrency wallets. As we pointed out in our comment excerpted below, although FinCEN has corrected their procedural errors from the first version of this Notice of Proposed Rulemaking (NPRM), the contents of this notice present an existential threat to cryptocurrencies as a whole. Not only would this proposal amount to centralizing a decentralized currency, but it would create massive security and surveillance risks that would be otherwise impossible.

02/10/2021
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Blog

FreedomWorks Foundation Submits Comments on Cryptocurrency Regulation

Today, FreedomWorks Foundation submitted a formal comment opposing a proposed rule by the Financial Crimes Enforcement Network (FinCEN) regarding cryptocurrency. The proposed rule would require banks and other organizations to identify, and keep records of, all individuals who use either hosted or unhosted cryptocurrency wallets.

01/04/2021
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Blog

FreedomWorks Foundation Submits Comments Supporting Changes to Labor Union Financial Reporting

FreedomWorks Foundation's Regulatory Action Center (RAC) submitted comments to the Labor-Management Standards Office (LMSO) regarding regulatory changes to financial reporting requirements for labor unions. This proposal would increase transparency and accountability in the reporting process for labor unions by updating disclosure Form LM-2.

12/14/2020
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Press Release

FreedomWorks Foundation Statement on the End of the IRS Open Public Comment Period on Donor Reporting

WASHINGTON, D.C. -- In response to the end of the open public comment period for the IRS docket on donor reporting, Daniel Savickas, FreedomWorks Foundation Regulatory Policy Manager, commented:

12/10/2019
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Blog

Bill's Not Just a Bill. And He's Not Just Sitting Here on Capitol Hill.

As the "drop dead date" for Obama administration regulations draws near, we are expecting a flood of "midnight regulations." Regulatory agencies, in an eleventh-hour attempt to pass new rules before the start of the next administration, will make a huge push in ushering in new proposals. In preparation for this regulatory outburst, we have provided a brief guide explaining how proposed rules become regulations.

05/16/2016
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Blog

With Seven-Day Extension, Obama Midnight is Dark and Full of Regulatory Terrors

The "drop dead date" for federal regulations is fast approaching and we are expecting more overreaching proposals. This is the last date that proposed rules can be finalized by the Obama administration, without fear that the next President will overturn them under the Congressional Review Act. Regulatory agencies are expected to release a flood of regulations before this date. This regulatory outburst, first noted in the final days of the Carter Administration, is known as "midnight regulations."

05/16/2016
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Blog

London Whale-Sized Regulations on Wall Street Pay

Financial regulators released a 279-page proposal that would set parameters around how and when Wall Street Executives make their money. The proposal, mandated by the Dodd-Frank Act, is a five-year project spanning across six regulatory agencies.

05/11/2016

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