Rep. Marjorie Taylor Greene (R-Ga.) doesn’t seem like a very effective member of Congress.
In a recent roll call vote held in the House, she and a small number of similarly minded Republicans opposed the measure that was under consideration — and their stand failed, as 390 House members voted in favor of the proposal, whose sponsor was a Democrat (Connecticut Congressman Jim Himes). The proposal dealt with the costs faced by certain businesses seeking to make an initial public offering, meaning join a public trading market. It’s not quite clear why Greene would even oppose the initiative, as it doesn’t seem she’s made a public statement about it.
The opposition could be connected to the general animosity that some in her corner have towards basic government programs and functions, since the federal agency known as the Securities and Exchange Commission (SEC) is tasked with examining those costs under the resolution, according to info on Congress.gov. A press release from Himes’s team contrarily defined the federal Government Accountability Office (GAO) as responsible for the sought studies, but the same principle would likely apply.
After all, Rep. Matt Gaetz (R-Fla.), who is often aligned with Greene on policy issues, wants to entirely abolish the federal law enforcement team known as the Bureau of Alcohol, Tobacco, Firearms and Explosives, so that’s the kind of approach we’re facing here. The vote on which Greene lost so dramatically was held this past Monday, June 5, and others who voted with the Georgia Republican included familiar names like Andy Biggs, Ken Buck, and Paul Gosar. A dozen and a half Republican members of the House didn’t even bother participating in the vote, while Reps. Gaetz and Lauren Boebert (R-Colo.) both voted in favor.
Himes celebrated the passage of his bill, which subsequently went to the Senate. “The JOBS Act did good work to reduce the cost and friction associated with the undertaking of an IPO, but the actual cost of going public has not budged from seven percent in decades,” Himes said. “That means small- and mid-sized companies hand over millions of dollars to underwriters when they go public – a serious cost for many of these young companies.”