Press Releases

On Friday, Rep. Ralph Norman (SC-05) led more than 70 members of Congress in a letter to the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) concerning Meta Materials Series A preferred shares (MMTLP). Meta Materials Series A preferred shares (MMTLP) were created during a merger between Meta Materials (MMAT) and… Read more »

Washington, D.C. – On Tuesday, Rep. Ralph Norman (SC-5) sent letters to the administrations at several U.S. universities concerning the rise in antisemitic statements and pro-Hamas protests on their campuses. The letters express profound disappointment in administrators for their half-hearted, hypocritical, or absent responses to the outrageous protests by student… Read more »

Washington, D.C. – On Tuesday, Rep. Ralph Norman (SC-5) co-sponsored a resolution in the House of Representatives in support of Israel as it defends itself against the barbaric war launched by Hamas. This resolution, which has over 230 bi-partisan co-sponsors in the House, declares the following: Resolved, That the House of Representatives—  • stands with Israel as it defends… Read more »

Washington, D.C. – On Wednesday, Rep. Ralph Norman (SC-5) and Rep. Vern Buchanan (FL-16) introduced a constitutional amendment that would prohibit Members of Congress from receiving compensation during a government shutdown. Background 2023 represents the 27th consecutive year in which Congress has not fulfilled its duty of appropriating a budget… Read more »

On Tuesday, Rep. Ralph Norman (R-SC-5) and Rep. August Pfluger (R-TX-11) introduced the No Congressionally Obligated Recurring Revenue Used as Pensions to Incarcerated Officials Now (CORRUPTION) Act to eliminate pension payments for Members of Congress who have been convicted of various criminal offenses. This bill is a re-introduction of H.R… Read more »

Washington, D.C. – On Tuesday, Rep. Ralph Norman (R-SC) introduced the Fair-Value Accounting and Budget Act. The objective of this bill is to provide Congress with more oversight and information pertaining to market risk in federal lending policies. The Fair-Value Accounting and Budget Act is co-sponsored by Rep. Glenn Grothman (R-WI). This bill is a reintroduction of H.R. 3785 from… Read more »

Washington, D.C. – On July 14th, Rep. Ralph Norman (SC-5) introduced H.R. 4655, the Businesses Over Activists Act, to amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission (SEC) from compelling the inclusion or discussion of shareholders proposals or proxy or consent solicitation materials. It aims to limit the SEC’s authority in this area entirely… Read more »

On Monday, May 15th, Rep. Ralph Norman (R-SC-05) wrote a letter to House Committee on Ways and Means Chairman Jason Smith and Subcommittee on Trade Chairman Adrian Smith on the Subcommittee on Trade, urging them to restore the lapsed Miscellaneous Tariff Bill (MTB).   Citing examples from companies with… Read more »

On Thursday, Rep. Ralph Norman (SC-5) introduced the Cost Openness and Spending Transparency (COST) Act. This legislation will require public disclosure of the total cost to taxpayers for every project supported with federal funds.   The COST Act is co-sponsored by Rep. Nancy Mace (SC-1), Rep. William Timmons (SC-4), and Rep. Paul Gosar (AZ-9). This is a… Read more »

Washington, D.C. – On Tuesday, Rep. Ralph Norman (SC-05) and Chairman of the House Committee on Agriculture, Glenn "GT" Thompson (PA-15), introduced a resolution of disapproval under the Congressional Review Act (CRA) to oppose the Department of Labor’s H-2A Adverse Effect Wage Rates rule that was finalized on February 28th. Senator Tim Scott (R-SC) and Senator Ted Budd (R-NC) are… Read more »