Robert Kuttner, co-editor of The American Prospect, warned Monday that the Jumpstart Our Business Startups (JOBS) Act would strip investor protections by easing various Securities and Exchange Commission regulations.
“It is just a scandal that this thing, which is just investor rip-off legislation, has gotten as far as it has,” he said.
Kuttner said it was “appalling” that President Barack Obama said he would sign the bill.
“The one thing we have going for us is, there are disclosure laws so that if investors have the wit to read the disclosures, they can protect themselves, and that’s what this retched piece of legislation would gut. Shame on anybody who votes for this.”
The JOBS Act easily passed in the U.S. House with bipartisan support. But some Senate Democrats have aired concerns about the legislation.
Watch video, courtesy of Current TV, below:
Republican ex-lawmaker with coronavirus scolds Wisconsin GOP for forcing voters to risk their health
On CNN Tuesday, former Rep. Charlie Dent (R-PA), who is himself dealing with a bout of COVID-19, chastised the Wisconsin GOP for doing everything in their power to block the state elections from being moved — and forcing many voters to stand in line and risk exposure to the virus to cast their ballot.
"I have to tell you, here in Pennsylvania we have a Democratic governor and Republican legislature," Dent told host Don Lemon. "They postponed the election here from April 28 until June 2. Without any controversy. Everybody agreed it was the right thing to do and they moved on. I'm surprised Wisconsin took this risk, knowing they don't have to."
‘A day that will live in infamy’: This is what it looked like when Wisconsin forced in-person voting during a pandemic
by Jessica Corbett
As footage of Wisconsin's crowded polling stations flooded the internet Tuesday, public health officials and civil rights advocates condemned the state's Supreme Court and Republican legislative leaders for allowing in-person voting during the coronavirus pandemic and thwarting Democratic Gov. Tony Evers' last-minute efforts to address voter safety concerns.