Why do you think the Biden Administration wasn't muscling businesses to comply with their political goals particularly when regulatory matters were in play? Gensler's SEC example below is just one of several regulatory agencies that prioritized political goals.
It's hard sk. I think liberals are fine with these things as long as they like the outcomes.
Per Google AI:
During his tenure, then-SEC Chair Gary Gensler prioritized Diversity, Equity, and Inclusion (DEI) by developing a DEIA Strategic Plan and issuing biennial collections of diversity submissions to assess progress in regulated entities. Under his leadership, the SEC identified DEI as a priority for capital markets regulation, leading to scrutiny of DEI-related disclosures and shareholder litigation risks for public companies.
Gensler's SEC and DEI
- DEIA Strategic Plan:
- The SEC under Gensler adopted a DEIA Strategic Plan in September 2023, focused on fostering inclusivity and integrating DEIA principles into the agency's mission.
- Data Collection:
- The agency performed biennial collections of "Diversity Self-Assessment Submissions" from regulated entities to evaluate progress and trends in diversity-related activities.
- Regulatory Priority:
- Gensler's SEC identified DEI as a priority area for its regulation of capital markets, signaling the importance of these issues to the agency.
- Shareholder Litigation Risk:
The increased focus on DEI led to greater scrutiny of DEI-related disclosures, increasing the risk of investor lawsuits against companies based on their DEI programs and public statements.
