Rep. Turner Seeks Co-sponsors for the “Preserving Capitalism in America” Constitutional Amendment
Please encourage your boss in joining 97 Republicans as a co-sponsor to the Preserving Capitalism in America Constitutional Amendment. The Obama Administration is exercising an unprecedented amount of control over private industry. They have fired CEO’s, set compensation levels for private sector employees, and are taking control over the domestic auto industry. The Administration’s increasing influence on private industry raises serious concerns about federal ownership of private enterprise. This amendment addresses this issue by limiting the amount of ownership that the Federal Government may exercise over private enterprise. Specifically this amendment would: Prohibit the acquisition of any stock or equity interests; Preserve the right to provide loans to private enterprise or to acquire equity interests in the following only: To any public authority corporations, or To any public use corporations, or As investments by any government pension fund.