Top Business Leaders Weigh In On Senate Help Committee’s PRO Act Hearing

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Top Business Leaders Weigh In On Senate Help Committee’s PRO Act Hearing
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Coalition Of Business Leaders Say Legislation Strips Workers’ Essential Rights, Risks Closure Of Small And Local Businesses, And Threatens To Derail Nation’s Economic Recovery

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Q2 2021 hedge fund letters, conferences and more

Business Leaders Weigh In PRO Act Hearing

Washington, D.C. – The Coalition for a Democratic Workplace (CDW), composed of more than 600 major business organizations representing millions of businesses employing tens of millions of workers nationwide, released the following statement leading up to this week’s public hearing by the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP) on the Protecting the Right to Organize (PRO) Act.

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The following statement is attributable to CDW Chair Kristen Swearingen:

“Hopefully, this hearing will expose the PRO Act for what it is – a power grab by Big Labor bosses to re-write our nation’s labor laws with the sole purpose of boosting the number of dues paying members at the expense of workers, Main Street consumers, entrepreneurs, and small and local businesses.”

“Recent studies have shown that the PRO Act would strip right-to-work protections away from 61 million Americans, potentially forcing them to pay up to $1,000 or more per year in union dues or lose their job. A recent survey found that 70 percent of U.S. voters are concerned about the PRO Act abolishing state right-to-work protections. By removing right-to-work protections for millions of American workers, the PRO Act would strip away their choice on whether or not to join a union.”

“The PRO Act would also force employers to hand over the personal information of employees to labor organizers, without the consent of workers. With unfettered access to employees, labor organizers would have the ability to harass and bully workers into joining a union. They could show up at their home, spam them on email and even bully them on social media.”

“From restricting independent contracting jobs with its implementation of an ‘ABC test’ to upending the franchising industry by expanding the joint-employer standard, the PRO Act’s drastic restructuring of the nation’s labor laws and resulting economic upheaval would cost millions of Americans their jobs and threaten vital supply chains, which would greatly diminish opportunities for workers and cause small and local businesses to close their doors forever.”

“Businesses and workers across the country are slowly getting back on their feet after the damage caused by the COVID-19 pandemic. Rewriting our nation’s labor laws solely to benefit Big Labor bosses would cause irreparable harm to our country’s economic efforts and threaten to derail our recovery.”

“As the Senate HELP committee considers the PRO Act, we call on Members of Congress to reject this ill-conceived, anti-worker, job killing legislation.”

Click here for more information on the negative impacts of the PRO Act.


About The Coalition for a Democratic Workplace

The Coalition for a Democratic Workplace (CDW) represents more than 600 major business organizations including the U.S. Chamber of Commerce, National Small Business Association, National Restaurant Association, National Association of Home Builders, Retail Industry Leaders Association, National Grocers Association, International Franchise Association, National Association of Manufacturers, International Council of Shopping Centers and American Trucking Association.

CDW is a broad-based coalition of hundreds of organizations representing hundreds of thousands of employers and millions of employees in various industries across the country concerned with a long-standing effort by some in the labor movement to make radical changes to the National Labor Relations Act without regard to the severely negative impact they would have on employees, employers, and the economy. CDW was originally formed in 2005 in opposition to the so-called Employee Free Choice Act (EFCA) – a bill similar to the PRO Act – that would have stripped employees of the right to secret ballots in union representation elections and allowed arbitrators to set contract terms regardless of the consequence to workers or businesses.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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