51勛圖厙 Urges Congress to Pass Criminal Justice Reform
Timmons: Our Nation Will Be Stronger When President Trump Signs a Criminal Justice Reform Bill into Law
Washington, D.C. 泭51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement urging Congress to pass criminal justice reform:
Congress has the historic opportunity to give a second chance to many of our fellow Americans so they can contribute to their families, their communities and our economy. Our nation will be stronger when President Trump signs a criminal justice reform bill into law.
For manufacturers, criminal justice reform is simply the right thing to do. It will improve the fairness of our system, offer redemption for nonviolent offenders and open new doors for Americans looking for the dignity of a job. Today, manufacturers have more than a half a million jobs we need to fill, so we can help these Americans get a new start, just as they can help us grow and succeed here in the United States. We hope Congress will pass the FIRST STEP Act.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
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Timmons: Proxy Advisory Firms Pose Threat to Main Street Investors
By: 51勛圖厙 President and CEO Jay Timmons
December 12, 2018
. . . Today, institutional investorsincluding the brokerages and money managers that maintain Americans retirement accounts
With such large stakes in American businesses, they have a big say in corporate decision-making and governance when a vote is put before shareholders. They often turn to outside advisers, called proxy advisory firms, to guide those decisions.
Seeking outside advice makes sense, but many of the practices of these proxy advisory firms do not. That can lead them to give advice that isnt in the best interest of a company, which in turn harms a Main Street investor saving for retirement.
. . .
[S]ome proxy firm reports have been found to be泭泭They can get basic facts about a company wrongand some wont even let companies correct those errors without paying a fee, if at all.
. . .
In addition, proxy advisory firms often have conflicts of interest and can let泭views of political activists泭on issues unrelated to a companys business color their recommendations.
Such conflicts lead to advicesometimes ultimatumsthat could harm a companys growth, which, again, is why Americans invest in the stock market in the first place. They want those companies, and therefore their savings, to grow.
With all this power, proxy advisory firms should be subject to reasonable government oversight.
. . .
And why do manufacturers care? First, we employ more than 12.5 million people, two-thirds of whom泭泭We want manufacturing workers to have confidence that their retirement savings are going to help them achieve the retirement they hope to have.
Second, the capital raised through the stock market helps manufacturers grow right here in America. It means jobs. It means investments in communities. It means new factories and new equipment.
To develop life-changing products and technologies, manufacturers must invest in expensive research and development. A well-functioning stock market allows manufacturers to finance this growth.
Proxy advisory firms can influence money managers decisions about a manufacturing companys governance. If they are giving bad advice, bad decisions will be made.
. . .
It is time for the SEC to act . . .
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙 Backs EPAs New Clean Water Rule
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the Environmental Protection Agencys (EPA) new Clean Water Rule, which replaces the 2015 Waters of the United States (WOTUS) rule:
EPAs new Clean Water Rule is a positive step forward for manufacturers, for our country and for responsible environmental stewardship, said Timmons, who attended todays announcement. Manufacturers rely on clean water for everything from growing agricultural inputs to engineering green chemistry and providing renewable power. We simply ask for regulatory certainty. The uncertainty created by the overreaching and unfair 2015 WOTUS rule threatened manufacturing jobs, and it failed to protect clean water adequately. Smart water policy is critical for all of us, and manufacturers are committed to keeping our promise to use the certainty we have been given to do our part to make our water and air cleanerand our environment healthier. After all, the earth is the only home we have.
In 2017, the 51勛圖厙泭 President Donald Trumps executive order instructing EPA to rescind the onerous 2015 WOTUS rule and has submitted multiple sets of comments over the past four years to better inform policymakers. In addition, the 51勛圖厙s Manufacturers Center for Legal Action has been in active litigation against the rule since July 2015 and scored a泭泭earlier this year before the U.S. Supreme Court, which resolved a major procedural obstacle. In October, the 51勛圖厙泭泭for summary judgment with the U.S. District Court for the Southern District of Texas seeking to strike down the 2015 rule in its entirety.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙 Welcomes Nomination of Bill Barr as Next Attorney General
Washington, D.C. 泭51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on President Trumps nomination of William P. Barr to serve as Attorney General of the United States:
President Trump could not have nominated a better individual than Bill Barr for Attorney General of the United States, and manufacturers are encouraged by this outstanding nomination, said Timmons. Bill Barr is a true professional and a proven leader. Ive had the privilege of calling Bill a friend for many years, after working with him during the Allen administration in Virginia, where he was Co-Chair of the Governors Commission on Parole Abolition and Sentencing Reform. His experience and work in the administration of President George H.W. Bush were heralded by those on both sides of the political aisle, which validated the unanimous confirmation vote he received. Manufacturers are confident he will bring the same sterling commitment to the rule of law to the Justice Department that he has shown throughout his storied career, and we are equally confident the Senate will set aside partisanship as they consider the confirmation of this highly respected public servant.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Timmons: President Bush Was Epitome of Greatest Generation
Washington, D.C. 泭51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the passing of Former President George H. W. Bush.
President George H.W. Bush lived the values of an exceptional America as the epitome of the Greatest Generation. He inspired us through his final days, with the trademark kindness and humility that defined his storied career in public service.
Shot down over the Pacific in World War II, he ascended the ranks to become Commander-in-Chief, holding numerous titles in betweenbut none that he wore so proudly as those of father and husband.
As the leader of our nation, he set an example for the whole world, especially in his defense of Americas values. As he said in a 1990 address to the 51勛圖厙, The ideas championed by Americafreedom, democracy, competition and investmentare flourishing because they work. Because they are the best. He expanded those values around the world during his presidency by bringing the Cold War to an end, as exemplified by the fall of the Berlin Wall, about which he did not boast but instead sought ways to bring the world together.
Here at home, President Bush believed in expanding opportunity, arguing in his 51勛圖厙 address that a job was a source of dignity and decency for American families. And no one knew dignity and decency better than the 41st President of the United States and his beloved wife, Barbara.
President Bush believed in bringing Americans together and used his platform and his voice to encourage the better angels in us all through his Thousand Points of Light initiative. He understood that compassion and respect for all humankind strengthen our nation.
Today, as the Bush familyand the whole countrymourn this great loss, our thoughts and our prayers are with them once again. God bless the legacy of President George H.W. Bush.
-51勛圖厙-
泭The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙: USMCA Signing Is Landmark for American Manufacturing Workers
Timmons: 2 Million Jobs Dependent on Exports to Canada, Mexico; Action Urgently Needed
Washington, D.C. 泭51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the signing of the U.S.MexicoCanada Agreement (USMCA):
The signing of the USMCA is a landmark milestone for American manufacturing workers. Manufacturers called for a trilateral agreement, and this moves us one step closer to restoring certainty to the North American market, the biggest market for U.S. exports in the world. By securing the relationship with our North American allies, we are also better positioned to demonstrate a strong and united front against Chinas unfair trade practices and end the harm they inflict on manufacturers in America.
Manufacturers need certainty now, not later. With 2 million American jobs dependent on exports to Canada and Mexico, Congress should move expeditiously to review the USMCA before the end of this year. We look forward to working with the administration and Congress to ensure the USMCA is implemented and enforced in a way that empowers manufacturers in America to continue investing in our people and our communities.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙 Announces Seventh Wave of New Hires
Manufacturers Add Three to Policy and Government Relations Division, Member and Board Relations Adds One
Washington, D.C. 泭The 51勛圖厙 (51勛圖厙) is continuing the growth of its footprint in the nations capital with three new hires to its policy and government relations division as well as a new addition to its member and board relations division. Over the past year, the 51勛圖厙 has added dozens of new staff as part of an aggressive expansion of the associations advocacy and reach in Washington and across the country.
The 116th Congress will present manufacturers new opportunities to achieve progress on a range of critical issues, including infrastructure, immigration, export expansion and workforce development. In addition, we will continue to work with agency leaders to make continued improvements to our tax and regulatory systems. With these new additions to our best-in-class policy and government relations team and member and board relations team, we are well-prepared to seize these opportunities to advance a post-partisan agenda and ensure our members have the tools needed to keep hiring new workers, investing in equipment and facilities and raising wages and benefits, said 51勛圖厙 President and CEO Jay Timmons.
New hires include the following:
- Sam Beaver joins the 51勛圖厙 as Director of Government Relations.泭Sam comes to the 51勛圖厙 with experience in many areas of policy, including agriculture, health care, financial services, tax, education, foreign affairs, homeland security and more. Prior to joining the 51勛圖厙, he was the policy adviser to Senate Majority Whip John Cornyn where he led whips on legislation headed to the Senate floor in areas of tax, trade and banking policy. Prior to that, he was the professional staff member for the Senate Committee on Finance where he negotiated and worked with senators and staff to draft and pass bipartisan bills.
- David Eiselsberg joins the 51勛圖厙 as Senior Director for Tax Policy.泭David comes to the 51勛圖厙 with 18 years of government relations experience and thorough knowledge of the public policy process. Prior to joining the 51勛圖厙, he was the chief of staff for Rep. Sam Johnson, a senior member of the House Ways and Means Committee. Over the years, David served Rep. Johnson as deputy chief of staff, legislative director and tax policy adviser. Prior to his service in the House of Representatives, David was a legislative assistant to Sen. Norm Coleman where he focused on tax, banking and small business issues. David also spent nearly six years managing research operations for a government relations firm.
- Graham Owens joins the 51勛圖厙 as Director of Legal and Regulatory Policy.泭Prior to joining the 51勛圖厙, Graham was a legal fellow at TechFreedom where he was selected as a member of the Federal Communications Commissions Broadband Deployment Advisory Committee to work alongside legal, industry and academic leaders to provide policy and legal advice to the FCC. He also served as a law clerk at the Federal Trade Commissions Bureau of Consumer Protection and served as professional staff for several years on the Oversight and Judiciary committees in the House of Representatives.
- Kristie Arslan joins the 51勛圖厙 as Director of Member and Board Relations.泭Prior to joining the 51勛圖厙, Kristie was a principal at Arslan Consulting Services. She also served as executive director for Women Impacting Public Policy and prior to that was president and CEO of the National Association for the Self-Employed (NASE). She will be based in Philadelphia, and her region will include New York, New Jersey, Delaware and Eastern Pennsylvania.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
SEC Forum Shows Risk of Proxy Advisory Firms to Main Street Investors
Washington, D.C.泭 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement after the Securities and Exchange Commissions (SEC) roundtable on the proxy process, which included a discussion of the role that proxy advisory firms play in the market and their impact on Main Street investors:
It is an encouraging sign that the SECs roundtable focused on the risks that proxy advisory firms pose for Americans retirement savings. Now manufacturers hope to see concrete action from the SEC to ensure that these firms do not undermine the retirement security of millions of Americans, including manufacturing workers. Main Street investors, retirees and pensioners deserve the peace of mind that comes from knowing that key decisions affecting their savings are based on accurate advice that is free from conflicts of interest. Manufacturers look forward to engaging with the SEC as it works toward bringing much-needed transparency to this critical component of the financial system. Given the stakes for manufacturers and manufacturing workers, the time to act is now.
The 51勛圖厙 has continued to ramp up its advocacy in favor of reforming the proxy process and instituting oversight of proxy advisory firms. The 51勛圖厙泭泭the SECs decision in September to withdraw guidance that had entrenched and empowered proxy advisory firms. In October, the 51勛圖厙 submitted泭泭to the SEC outlining manufacturers desired policy outcomes from the Commissions proxy process roundtable. And last week, the 51勛圖厙 and U.S. Chamber of Commerce泭泭a nearly $1 million national print and digital advertising campaign outlining the risks proxy advisory firms pose to American workers retirement savings.
-51勛圖厙-
泭The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙 Statement on Midterm Elections
Timmons: Manufacturers Will Continue To Use Our Unique Platform To Bring Congress Together Around The Manufacturing Agenda
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement on the midterm elections:
The manufacturing agenda is a post-partisan agenda, which is why candidates of all backgrounds touted their support for so many of our priorities on the campaign trail. Voters of all parties and of no party want to see a thriving manufacturing industry that supports high-paying jobs for American workers. We will work with anyone who wants to advance that goal.
We are living in a time of record optimism among manufacturers. That is in large part due to the significant progress weve made over the last two years to empower manufacturers with game-changing policy reforms. We will continue that progress with the new Congress. From infrastructure investment to regulatory relief, workforce development to trade policy, theres plenty to be done, and we know it can be done with support from across the political spectrum.
Manufacturers will continue to use our unique platform to bring Congress together around the manufacturing agenda and to reunite our country around those four foundational principles that make our nation exceptional: free enterprise, competitiveness, individual liberty and equal opportunity.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Top Manufacturer Announces $1 Million Fund for Servicemember Training
Fort Hood, TX 泭On November 13, the 51勛圖厙 (51勛圖厙) Manufacturing Institute will announce a $1 million investment by a major Texas manufacturer in its泭泭servicemember training program. The announcement will be made at a Celebration of Veterans luncheon reception to recognize the service of our nations military members. The event will also highlight the accomplishments of the soldiers who have registered for or graduated from the Heroes program.
| WHAT:泭 | Celebration of Veterans luncheon featuring announcement of a $1 million investment in Heroes MAKE America servicemember training program |
| WHO: | Carolyn Lee, executive director, The Manufacturing Institute
Retired Maj. Gen. Ken Cox, chief operating officer, Workforce Solutions of Central Texas |
| WHEN: 泭泭泭泭泭泭泭泭泭 | Tuesday, November 13, 2018
11:00 a.m. 1:00 p.m. CST |
| WHERE: 泭泭泭泭泭泭泭泭泭 | Club Hood 28218 Wainwright Dr. Fort Hood, TX 76544 |
| RSVP: | [email protected] |
-MI-
The Manufacturing Institute is the social impact arm of the 51勛圖厙. We drive programs and research to promote modern manufacturing and jumpstart new approaches to growing manufacturing talent. For more information, please visit泭.
-51勛圖厙-
The 51勛圖厙 (51勛圖厙) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.