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Richard Blumenthal on Corporations

 

 


Eliminate antitrust exception for Major League Baseball

Eliminating Major League Baseball's antitrust exemption would "level the playing field," U.S. Sen. Richard Blumenthal says, giving minor league players a better chance to negotiate salary contracts with individual parent clubs and could help reverse the contraction of the minor league system. "This antitrust exception for Major League Baseball has simply outlived its usefulness, if it ever had one," Blumenthal said.
Source: The Day on 2022 Connecticut Senate race , Jul 29, 2022

Defend small businesses against wrongdoing, & defend record

The Democrat defended his record as attorney general and rejected that lawsuits brought by his office have been harmful to small businesses. "We have used the legal means available to make sure small businesses are defended against wrongdoing, as well as ordinary consumers," said Blumenthal, citing his defense of an auto dealership.

McMahon said she hadn't talked to a small businessperson who has benefited from Blumenthal's litigation.

Source: Wilton Villager coverage of 2010 CT Senate debate , Oct 7, 2010

End bonuses for companies that owe taxpayer bailout money

I will strongly support reform of our financial system, an end to bonuses for companies that owe taxpayer bailout money, fiscal prudence in containing ballooning deficits.
Source: 2010 Senate campaign website, www.richardblumenthal.com/ , Mar 5, 2010

Rated 86% by UFCW, indicating an anti-management/pro-labor record.

Blumenthal scores 86% by UFCW on labor-management issues

The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.

    The UFCW Senate scorecard is based on these key votes:
  1. American Jobs Act (+)
  2. Balanced Budget Amendment (-)
  3. Rejecting Cut, Cap, and Balance (+)
  4. Repeal Health Care Law (-)
  5. Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
  6. Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
  7. Trade Adjustment Assistance Extension Act (TAA) (+)
Source: UFCW website 12-UFCW-S on May 2, 2012

Restrict corporate use of consumer mandatory arbitration.

Blumenthal signed restricting corporate use of consumer mandatory arbitration

Excerpts from Letter from 35 Senators to the CFPB: We write to commend the Consumer Financial Protection Bureau (CFPB) for its proposed rule to limit the use of mandatory, pre-dispute ("forced") arbitration clauses in consumer financial product and service contracts. Every day, Americans across the country are forced to sign away their constitutional right to access the courts as a condition of purchasing common products and services like credit cards, checking accounts, and private student loans. Binding arbitration is a privatized justice system that studies show consistently produces results that favor large corporations and offers no meaningful appeals process. As a result, consumers are left without redress, and companies are unaccountable for their unscrupulous behavior.

Opposing freedom argument: (Cato Institute, "ATLA monopoly," May 2002): The trial lawyers new goal is to tighten their monopoly grip on the court system, and prevent the rest of us from choosing a more efficient means of resolving our disputes. Arbitration is simply private court. Lawyers with a vested interest in a monopoly court system are trying to stop the arbitration business from developing. But there's nothing forced or mandatory about it. Contracts are the result of choice. People should be free to choose for themselves what contracts to make and what rights to give up.

Opposing economic argument: (Heritage Foundation, "The Unfair Attack on Arbitration," July 17, 2013): Any study by the Consumer Financial Protection Bureau should examine whether a limit on arbitration would:

Source: Letter to CFPB Director 17LTR-CFPB on Aug 4, 2016

Other candidates on Corporations: Richard Blumenthal on other issues:
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Page last updated: Sep 17, 2022; copyright 1999-2022 Jesse Gordon and OnTheIssues.org