Investors Need the Reform of the Toxic Substances Control Act
We have been waiting 34 years for a chance to reform the Toxic Substance Control Act and now we finally have bills in both the House and Senate. Whether you are a private equity fund or a community development financial institution (CDFI) toxic chemicals hurt your assets. How much longer will we have to wait to get toxic chemicals out of our products and communities? Not only will these bills help us do just that, but they will also ensure those businesses who care about making their products safe and sustainable will be able to know exactly what chemicals are being used throughout their supply chain via one central database.
The American Sustainable Business Council is working to reform the Toxic Substances Control Act and we need your support. We believe that, as investors, TSCA reform will have a positive impact on your portfolio companies, while it helps get toxic chemicals out of our products, bodies, and communities.
Join us in delivering a strong message to Congress when they return from summer recess.
New legislation has been introduced in the House and Senate. The new legislation deserves investor support not only because it enhances protection for public health and the environment, but there’s a compelling business case for it.
The new legislation will lower business’ overhead costs, promote innovation, and enhance the global competitiveness of American industry. Regulatory reform can help drive investment opportunities in the safer materials “space”, as the existing regulatory system that favors older, dirtier chemistries is changed to broaden markets for newer, safer chemicals.
As the U.S. Chamber of Commerce ramps up their opposition to strong TSCA reform, ASBC is committed to representing a different voice for businesses around the country, one focused on creating a vibrant, just, and sustainable economy.
Please lend your support by signing our petition.
Business and Investors Against Tax Haven Abuse
On July 20th, SVN launched a new campaign as a part of our work with ASBC called Business and Investors Against Tax Haven Abuse, with the release of a report and press conference with Sen. Carl Levin (D-MI) and Rep. Lloyd Doggett (D-TX). The report, Unfair Advantage: The Business Case Against Tax Haven Abuse continues to receive attention in the media and prompted the Small Business Committee in the U.S. House to consider scheduling a hearing on tax havens in the
fall. Business for Shared Prosperity and Wealth for the Common Good are the lead ASBC partners on this campaign.
http://www.asbcouncil.org/uploads/EndingTaxHavenAbuse726.pdf
Over and over, both of these Congressional champions of closing overseas tax havens reiterated their gratitude for this new business-led effort and said that it is essential to changing the policy dynamics. This resulted in ABSC’s first mention in The New York Times (both print and blog).
Take Action:
Please sign the petition calling on policymakers to end tax dodging and support a level playing
field for business.
