Florida Republican Senator Marco Rubio introduced a new bill on Thursday seeking to crack down on woke companies. The intent of Rubio’s bill is to give company shareholders more leeway in holding corporations accountable, especially over the promotion of woke ideology.
“Specifically, the legislation would require corporate directors to prove their ‘woke’ corporate actions were in their shareholders’ best interest in order to avoid liability for breach of fiduciary duty in shareholder litigation over corporate actions relating to certain social policies,” a Rubio press release <a href="https://www.rubio.senate.gov/public/index.cfm/2021/9/new-rubio-bill-helps-shareholders-fight-back-against-woke-corporations">reads</a>.
The release continues, “It would also incentivize corporate management to stop abusing their positions to advance left-wing social policies by increasing their personal liability to shareholders for breaches of fiduciary duty resulting from those policies.”
Rubio said that America was increasingly coming under the tyranny of often “nationaless corporations” that want to implement “socially destructive, far-left policies” that harm the United States.
“Patriotic Americans who love their country and the opportunity it provides should be able to fight back against the growing tyranny of the woke elites running corporate America,” he said.
He continued, “These are often nationless corporations that amass fortunes divorced from the fate of our great country while pushing socially destructive, far-left policies like boycotts and cancel crusades at home.”
The <a href="https://www.rubio.senate.gov/public/_cache/files/e89472b3-4fc2-4060-93b3-2f8ded53be12/ABB99C7DC3B70C1225E3AA655F6548D6.09.23.21-final-rubio-mind-your-own-business-act.pdf">bill</a>, known as the Mind Your Own Business Act, allows for shareholders in large, public companies to have more power to make claims about the companies’ breach of fiduciary duties if they believe the company to be pushing certain woke policies.
Since companies have <a href="https://definitions.uslegal.com/b/breach-of-fiduciary-duty">fiduciary duties</a> to shareholders, they are required to have the best interests of those invested in the company in mind. The Mind Your Own Business Act essentially allows shareholders to claim that the promotion of woke ideology by the company is not in their interest as a shareholder, and take the corporation to court.
The text of Rubio’s bill explains how corporations generally do not have the goal of effecting social change, but instead increasing the company’s value. It notes that shareholders could have an interest in ensuring that the company doesn’t violate public interest norms and “use corporate resources to promote socialism, Marxism, critical race theory, or other un-American ideologies among their workforces or customers.”
The Florida senator <a href="https://www.foxbusiness.com/politics/america-woke-corporations-sen-marco-rubio">explained</a> his reasoning behind the bill further in an op-ed published by Fox News.
He wrote that his bill will “empower shareholders to take action when a company follows the latest woke, Marxist fads: boycotting a state, denying services to politically disfavored groups, or remaking their workforces to advance concepts like critical race theory.”
The bill hinges on making the company itself have to defend its actions and explain how whatever action it is taking or ideology it is promoting helps the interests of the shareholders. Furthermore, shareholders can demand answers if a corporation choses to retaliate against a state for adopting laws management does not like.
Rubio noted that Nike pulling the Betsy Ross flag shoe and Coke’s protestations over Georgia’s election bill would be examples of instances where shareholders could take the company to court.
Christopher Rufo, a Senior Fellow at the Manhattan Institute who has produced a lot of investigative journalism on companies implementing woke training like <a href="https://christopherrufo.com/intersectional-amex/">American Express</a> or <a href="https://www.city-journal.org/lockheed-martins-woke-industrial-complex?wallit_nosession=1">Lockheed Martin</a>, was effusive about the bill.
He <a href="https://twitter.com/realchrisrufo/status/1441432555962519555">praised</a> the proposal, calling it a “brilliant approach that will unite the conservative movement.”

<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Rubio Targets ‘Tyranny’ Of ‘Nationless’ Woke Corporations In New Bill

American Journalist Caught In FBI Sting Admits Working For China

YouTube Star Ends Life Of Unborn Child After Down Syndrome Diagnosis

SEE IT: Memorial To Tiananmen Square Victims Vandalized Ahead Of Anniversary

New York Times Responds After Platner Abuse Accuser Rips Outlet For ‘Twisted’ Story

Chris Murphy Admits To Funding Street Protesters, Tells Activists 2028 Election Might Not Happen

At James Talarico’s Church, Its Offensive To Respect God’s Pronouns — But Abortion’s OK.

News

Marco Rubio

Wokeness

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News —

Rubio Targets ‘Tyranny’ Of ‘Nationless’ Woke Corporations In New Bill