Congressional Action
The Coalition is active on Capitol Hill, urging Members of the U.S. Congress to support a comprehensive review of the shareholder voting and communications rules by the U.S. Securities and Exchange Commission (SEC).
During the 110th Congress, several hearings were held on shareholder voting and education issues. You can review the witness and other statements presented at these hearings by clicking on the links below.
Statements & Testimony by the Coalition
Click here to review the Coalition's letter to the House Financial Services Committee, dated October 20, 2008
Hearings in the 111th Congress
Senate Committee on Banking, Housing, and Urban Affairs
July 29, 2009
"Protecting Shareholders and Enhancing Public Confidence by Improving Corporate Governance"
Witness Testimony
Panel 1
Ms. Meredith B. Cross, Director of the Division of Corporate Finance, U.S. Securities and Exchange Commission
Professor John C. Coates IV, John F. Cogan, Jr. Professor of Law and Economics, Harvard Law School
Ms. Ann Yerger, Executive Director, Council of Institutional Investors
Mr. John J. Castellani, President, The Business Roundtable
Professor J.W. Verret, Assistant Professor of Law, George Mason University School of Law
Mr. Richard C. Ferlauto, Director of Corporate Governance and Pension Investment, American Federation of State, County and Municipal Employees
Senate Committee on Banking, Housing, and Urban Affairs
February 4, 2009
"Modernizing the U.S. Financial Regulatory System"
Member Statements
Committee Chairman Christopher Dodd
Witness Testimony
Panel 1
Honorable Paul Volcker, Chair of the President's Economic Recovery Advisory Board, Former Chairman, Board of Governors of the Federal Reserve System (supplemental information)
Gene Dodaro, Acting Comptroller General, United States Government Accountability Office
House Agriculture Committee
February 4, 2009
"To review derivatives legislation"
Witness Testimony
Panel 1
Michael Masters, Managing Member / Portfolio Manager, Masters Capital Management, LLC, St. Croix, USVI
Johnathan Short, Senior Vice President and General Counsel, IntercontinentalExchange, Inc., Atlanta, Georgia
Gary Taylor, President, Cargill Cotton, on behalf of The National Cotton Council, American Cotton Shippers Association, and AMCOT, Cordova, Tennessee
Robert Pickel, Chief Executive Officer, International Swaps & Derivatives Association, New York, New York
Joseph Morelle, Chair, New York State Assembly Standing Committee on Insurance, on behalf of National Conference of Insurance Legislators (NCOIL), Troy, New York
Panel 2
Chris Concannon, Executive Vice President, NASDAQ OMX, New York, New York
Bill Hale, Senior Vice President, Grain and Oilseed Supply Chain, on behalf of Cargill, Incorporated, Wayzata, Minnesota
Karl Cooper, Chief Regulatory Officer, NYSE Liffe, LLC, on behalf of NYSE Euronext, New York, New York
Paul Cicio, President, Industrial Energy Consumers of America, Washington, D.C.
Mark Brickell, Chief Executive Officer, Blackbird Holdings, Inc., New York, New York
Panel 3
Thomas Book, Member of the Executive Board, on behalf of Eurex Deutschland and Eurex Clearing AG, Frankfurt, Germany
Stuart Kaswell, General Counsel, Managed Funds Association, Washington, D.C.
Edward Rosen, Cleary Gottlieb Steen & Hamilton LLP, on behalf of Securities Industry and Financial Markets Association, New York, New York
Brent Weisenborn, Chief Executive Officer, Agora-X, LLC, Parkville, Missouri
Donald Fewer, Senior Managing Director, Standard Credit Group, LLC, New York, New York
House Agriculture Committee
February 3, 2009
"To review derivatives legislation"
Witness Testimony
Panel 1
Tom Buis, President, National Farmers Union, Washington, D.C.
John Damgard, President, Futures Industry Association, Washington, D.C.
Michael Greenberger, Law School Professor, University of Maryland School of Law, Baltimore, Maryland
Michael Gooch, Chairman and Chief Executive Officer, GFI Group Inc., New York, New York
Sean Cota, President, Cota & Cota Inc., on behalf of Petroleum Marketers Association of America and New England Fuel Institute, Bellow Falls, Vermont
Terrance Duffy, Executive Chairman, CME Group Inc., Chicago, Illinois
Panel 2
Daniel Roth, President and Chief Executive Officer, National Futures Association, Chicago, Illinois
Tyson Slocum, Director, Public Citizen's Energy Program, Washington, D.C.
Hearings in the 110th Congress
House Agriculture Committee
December 8, 2008
"To review the role of credit derivatives in the U.S. economy"
Witness Testimony
Panel 1
Mr. Terrence A. Duffy, Executive Chairman, CME Group, Chicago, IL
Mr. Johnathan H. Short, Vice President and General Counsel, IntercontinentalExchange, Inc., Atlanta, GA
Mr. John O’Neill, Senior Analyst, Fixed Income Derivatives, LIFFE, NYSE/Euronext, London, UK
Mr. Thomas Book, Member of the Executive Board, Eurex Clearing AG, Frankfurt, Germany
Panel 2
Mr. John Damgard, President, Futures Industry Association, Washington, D.C.
Mr. Robert Pickel, Chief Executive Officer, International Swaps and Derivatives Association, Washington, D.C.
Mr. Don Thompson, Managing Director and Associate General Counsel, J.P.Morgan on behalf of J.P.Morgan and the Securities Industry and Financial Markets Association, New York, NY
Mr. E. Gerald Corrigan, Managing Director, Goldman Sachs & Co., New York, NY
Mr. Bryan Murtagh, Managing Director, Fixed Income Transaction Risk Management, UBS Securities LLC, Stamford, CT
House Agriculture Committee
November 20, 2008
"To review the role of credit derivatives in the U.S. economy"
Witness Testimony
Panel 1
Ananda Radhakrishnan, Director, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission, Washington, D.C.
Patrick M. Parkinson, Deputy Director, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, D.C.
Erik R. Sirri, Director of Division of Trading and Markets, Securities Exchange Commission, Washington, D.C.
Eric R. Dinallo, Superintendent, State of New York, Insurance Department, New York, NY
House Financial Services Committee
October 21, 2008
"The Future of Financial Services Regulation"
Member Statements
Congressman Paul E. Kanjorski, D-PA
Congressman Mike Capuano, D-MA
Congresswoman Jackie Speier,D-CA
Witness Testimony
Panel 1
The Honorable Alice M. Rivlin, Senior Fellow, Metropolitan Policy Program, Economic Studies, Director, Greater Washington Research Project, Brookings Institution
Joseph E. Stiglitz, Professor Columbia University
Joel Seligman, President, University of Rochester
The Honorable Manuel H. Johnson, JohnsonSmick International
Panel 2
The Honorable Steve Bartlett, President and Chief Executive Officer, The Financial Services Roundtable
Edward Yingling, President and Chief Executive Officer, American Bankers Association
T. Timothy Ryan, Jr., President and Chief Executive Officer, Securities Industry and Financial Markets Association
Mike Washburn, President and Chief Executive Officer, Red Mountain Bank on behalf of the Independent Community Bankers of America
Click here to review the Coalition's letter to the House Financial Services Committee, dated October 20, 2008.
House Agriculture Committee
October 15, 2008
"To Review the Role of Credit Derivatives in the U.S. Economy"
Witness Testimony
Panel 1
The Honorable Walter Lukken, Acting Chairman, Commodity Futures Trading Commission, Washington, D.C.
Erik R. Sirri, Director of Division of Trading and Markets, Securities Exchange Commission, Washington, D.C.
Panel 2
Robert Pickel, Chief Executive Officer, International Swaps and Derivatives Association, Washington, D.C.
Henry Hu, Professor, University of Texas School of Law, Austin, Texas
Johnathan Short, Vice President and General Counsel, Intercontinental Exchange, Atlanta, Georgia
Kim Taylor, Managing Director and President, CME Group Clearinghouse, Chicago, Illinois
Senate Committee on Agriculture, Nutrition, & Forestry
October 14, 2008
"Role of Financial Derivatives in Current Financial Crisis"
Witness Testimony
Panel 1
Eric R. Dinallo, Superintendent,
State of New York, Insurance Department
William K. Black,
Associate Professor of Economics and Law,
University of Missouri
Richard Lindsey,
President and CEO,
Callcott Group, LLC
Panel 2
Ananda Radhakrishnan, Director,
Division of Clearing and Intermediary Oversight,
Commodity Futures Trading Commission
Terrence A. Duffy,
Executive Chairman,
CME Group
Robert Pickel,
Chief Executive Officer,
International Swaps and Derivatives Association, Inc.
Johnathan Short,
General Counsel,
Intercontinental Exchange
Senate Banking Committee
June 3, 2008
"Pending SEC and Other Nominations"
Member Statements
Senator Christopher J. Dodd , D-CT
Witness Testimony
Luis Aguilar, (Nominee) Member, Securities and Exchange Commission
Troy A. Paredes, (Nominee) Member, Securities and Exchange Commission
Elisse Walter, (Nominee) Member, Securities and Exchange Commission
House Financial Services Committee
June 26, 2007
"A Review of Investor Protection and Market Oversight with the Five Commissioners of the Securities and Exchange Commission"
Hearing Transcript
Member Statements
Ranking Member Spencer Bachus, R-AL
Witness Testimony
Christopher Cox, Chairman, Securities and Exchange Commission
Paul S. Atkins, Commissioner, Securities and Exchange Commission
Roel C. Campos, Commissioner, Securities and Exchange Commission
Annette L. Nazareth, Commissioner, Securities and Exchange Commission
Kathleen L. Casey, Commissioner, Securities and Exchange Commission
Senate Homeland Security and Governmental Affairs Committee
April 30, 2007
"The Federal Government's Role in Empowering Americans to Make Informed Financial Decisions"
Member Statements
Senator Daniel K. Akaka, D-HI
Witness Testimony
Panel 1
The Honorable Sheila Bair, Chairman, Federal Deposit Insurance Corporation
Panel 2
Morgan Brown, Assistant Deputy Secretary for Innovation and Improvement, U.S. Department of Education
Dan Iannicola, Jr., Deputy Assistant Secretary for Financial Education, U.S. Department of the Treasury
Robert Danbeck, Associate Director for Human Resources Products and Services Division, Office of Personnel Management
Yvonne Jones, Director, Financial Markets & Community Investment Team, U.S. Government Accountability Office, Washington, D.C.
Panel 3
Robert F. Duvall, President and CEO , The National Council on Economic Education
Stephen Brobeck, Executive Director , Consumer Federation of America
Click here for more information about how stocks are bought, sold, and traded.
read more >
Some of the terminology on this website can get confusing. Please click here for a Glossary of Helpful Terminology.
read more >