Press Releases

Washington, D.C. – On Thursday, Rep. Ralph Norman's (SC-05) legislation, the Businesses Over Activists Act, was included as a part of the Prioritizing Economic Growth Over Woke Policies Act. This package passed the U.S. House of Representatives by a vote of 215 to 203. Background The Businesses Over Activists Act reigns in the Securities and Exchange Commission's (SEC)… Read more »

Washington, D.C. – On Wednesday, Rep. Ralph Norman (SC-05) reintroduced the Earmark Elimination Act. The Earmark Elimination Act would permanently ban federal earmarks. Background An earmark is an item in appropriations bills or large spending packages that designates money for a specific special interest group or project while avoiding the typical merit-based or… Read more »

Washington, D.C. – On Monday, Rep. Ralph Norman (SC-05) introduced A Fast-Tracked Executive Rescission Review of Appropriations Act (AFTER Appropriations Act.) This bill would require Congress to vote on Presidential rescission requests with an expedited time frame. Background Under current law, the President can submit recommended rescissions to Congress in an… Read more »

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 »