Letters to Regulators: Comment Letter to OMB on Uniform Guidance Relating to Stock Buybacks and Executive Comepensation

View or download a PDF of the letter here.

AFREF and the Institute for Policy Studies, Global Economy Project led a comment letter to the Office of Management and Budget (OMB) about its uniform guidance, which sets the boundaries around the types of strings states and localities are allowed to attach when they disburse federal funds.  This comment letter argues state and local governments should be allowed to give preferential treatment to bidders that commit to make productive investments in their companies and refrain from stock buybacks and excessive executive compensation.

AFREF also joined the Local Opportunities Coalition’s comment, calling for clarity on local and state governments’ ability to use federal dollars to create quality jobs for their communities, promote greater racial and gender equity in their spending, and protect workers through workforce transition plans. View or download a PDF of that letter here.