{"id":5604,"date":"2016-03-17T12:49:00","date_gmt":"2016-03-17T16:49:00","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/us-senators-tammy-baldwin-and-jeff-merkley-introduce-legislation-to-strengthen-oversight-of-activist-hedge-funds\/"},"modified":"2023-07-24T11:09:42","modified_gmt":"2023-07-24T15:09:42","slug":"us-senators-tammy-baldwin-and-jeff-merkley-introduce-legislation-to-strengthen-oversight-of-activist-hedge-funds","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/us-senators-tammy-baldwin-and-jeff-merkley-introduce-legislation-to-strengthen-oversight-of-activist-hedge-funds\/","title":{"rendered":"Los senadores estadounidenses Tammy Baldwin y Jeff Merkley presentan legislaci\u00f3n para fortalecer la supervisi\u00f3n de los fondos de cobertura de activistas"},"content":{"rendered":"
\n

WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds.<\/p>\n

La Ley Brokaw<\/i><\/span> lleva el nombre de un peque\u00f1o pueblo de Wisconsin que quebr\u00f3 despu\u00e9s de que un fondo de cobertura de otro estado cerrara una f\u00e1brica de papel<\/a> que hab\u00eda proporcionado buenos empleos a la ciudad durante m\u00e1s de 100 a\u00f1os. El fondo de cobertura activista compr\u00f3 la legendaria Wausau Paper Company, expuls\u00f3 a sus ejecutivos y exigi\u00f3 retornos a corto plazo, como recompras, a expensas del futuro a largo plazo de la empresa.<\/p>\n

\n

\u201cNo podemos permitir que nuestra econom\u00eda sea secuestrada por un peque\u00f1o grupo de inversores que s\u00f3lo buscan enriquecerse a expensas de los trabajadores, los contribuyentes y las comunidades. Esta legislaci\u00f3n actualiza las reglas de la era de la Depresi\u00f3n para abordar los abusos financieros que llevan a cabo los fondos de cobertura activistas que promueven ganancias a corto plazo a expensas del crecimiento a largo plazo\u201d. dijo el senador Baldwin<\/span>. \u201cLa Ley Brokaw<\/i> asumir\u00e1 un juego ama\u00f1ado aumentando la transparencia y fortaleciendo la supervisi\u00f3n de los fondos de cobertura activistas. Estas reformas ayudar\u00e1n a garantizar que ninguna otra ciudad peque\u00f1a de Estados Unidos sea v\u00edctima de los fondos de cobertura activistas de Wall Street. Es hora de defender nuestra econom\u00eda tradicional y reescribir las reglas de Wall Street para que podamos construir una econom\u00eda que funcione para todos, no s\u00f3lo para los que est\u00e1n en la cima\u201d.<\/p>\n

"Deber\u00edamos medir el \u00e9xito de nuestra econom\u00eda no por las ganancias de los fondos de cobertura, sino por si los trabajadores estadounidenses pueden encontrar buenos empleos que proporcionen una base s\u00f3lida para sus familias". dijo Merkley.<\/span> \u201cVaciar empresas de larga data para que un peque\u00f1o grupo de personas ricas y bien conectadas pueda obtener ganancias a corto plazo no es el camino hacia una econom\u00eda fuerte y sostenible para nuestra naci\u00f3n. Es hora de enfrentar este sistema ama\u00f1ado y detener el juego a corto plazo que vende a nuestros trabajadores, empresas y econom\u00eda a corto plazo\u201d.<\/p>\n<\/blockquote>\n

En pocas palabras, el cortoplacismo \u2013tambi\u00e9n conocido como \u201ccapitalismo trimestral\u201d\u2013 es el enfoque en horizontes temporales cortos tanto por parte de los gerentes corporativos como de los mercados financieros. El resultado es que los fondos corporativos se utilizan para pagos a los accionistas en forma de dividendos y recompras en lugar de inversiones en trabajadores, I+D, infraestructura y \u00e9xito a largo plazo.<\/p>\n

Los fondos de cobertura activistas est\u00e1n liderando la carga del cortoplacismo en nuestra econom\u00eda. Abusan de leyes de valores laxas para obtener grandes participaciones en empresas p\u00fablicas. Una vez all\u00ed, a menudo hacen demandas para beneficiarse a expensas de los intereses a largo plazo de la empresa. Las demandas m\u00e1s comunes son m\u00e1s deuda, recompra de acciones, reducci\u00f3n de I+D, reducci\u00f3n de costos, despidos y reducci\u00f3n general de cualquier inversi\u00f3n en crecimiento a largo plazo.<\/p>\n

La Ley Brokaw<\/i><\/span> implementar\u00eda las siguientes reformas para aumentar la transparencia y fortalecer la supervisi\u00f3n de los fondos de cobertura activistas:<\/span><\/p>\n

Restaurar la transparencia en el mercado<\/span><\/span><\/h3>\n

El Congreso ha reconocido desde hace tiempo el potencial de abuso cuando los fondos de cobertura activistas forman asociaciones vagas de \u201cmanadas de lobos\u201d y se involucran en \u201cinclinar\u201d a los aliados sobre la inminente divulgaci\u00f3n del art\u00edculo 13 (d). Dodd-Frank<\/i> Otorg\u00f3 expl\u00edcitamente a la SEC el poder de abordar el abuso, pero la Comisi\u00f3n no ha estado dispuesta a utilizar esta autoridad. Esta legislaci\u00f3n elimina la oportunidad de obtener ganancias sin riesgo que los activistas logran al acortar el per\u00edodo de divulgaci\u00f3n de 10 d\u00edas a 2 d\u00edas.<\/p>\n

Proteja las empresas de las manadas de lobos<\/span><\/span><\/h3>\n

La Ley Brokaw<\/i> reforma la definici\u00f3n de \u201cpersona o grupo\u201d para evitar que las manadas de lobos eludan la intenci\u00f3n de las reglas de divulgaci\u00f3n. La participaci\u00f3n colectiva de los activistas en una empresa puede estar muy por encima del 5 por ciento, pero individualmente se mantienen por debajo del umbral para evitar la divulgaci\u00f3n. Esta reforma identifica a estos fondos como un solo grupo que requiere divulgaci\u00f3n.<\/p>\n

End Secret “Net Shorts” by Requiring Derivative Disclosure:<\/span><\/span><\/h3>\n

Los derivados son parte del conjunto de herramientas de todo activista. En algunos casos se utilizan para crear un \u201ccorto neto\u201d que permite al activista beneficiarse votando en secreto en contra de los intereses de la empresa. Actualmente, los derivados y otros instrumentos sint\u00e9ticos no requieren divulgaci\u00f3n a pesar de que pueden tener impactos sustanciales en el precio del valor y su emisor. Esto puede permitir que los fondos apuesten en secreto contra una empresa en la que invierten. Esta legislaci\u00f3n fortalece la supervisi\u00f3n de estos instrumentos bajo el \u00e1mbito del art\u00edculo 13(d).<\/p>\n

La Ley Brokaw<\/i> is cosponsored by Senators Bernie Sanders (I-VT) and Elizabeth Warren (D-MA).<\/h3>\n

Lo que ocurri\u00f3 en Wisconsin es un ejemplo de un problema mayor que exige acci\u00f3n. Los fondos de cobertura activistas son un defensor clave de la tendencia cortoplacista que ha cautivado a Wall Street. El n\u00famero de campa\u00f1as de activistas ha aumentado anualmente un 60 por ciento desde 2010, y hubo 348 campa\u00f1as de activistas en 2014. Sus activos bajo administraci\u00f3n han crecido de $12 mil millones en 2003 a m\u00e1s de $200 mil millones hoy<\/a> y ninguna empresa es demasiado grande para escapar de sus ataques.<\/p>\n

Las empresas a las que se dirigen los activistas experimentan una menor inversi\u00f3n e I+D, siempre que sobrevivan. Dado que estas inversiones son el alma de nuestra econom\u00eda, podemos suponer que si esta tendencia contin\u00faa, los resultados ser\u00e1n desastrosos. Nuestras corporaciones ya no intentan desarrollar nuevos productos, capacitar trabajadores o expandirse a nuevas empresas y, en \u00faltima instancia, nuestra competitividad nacional se ver\u00e1 afectada.<\/p>\n

More information on the La Ley Brokaw<\/i> es <\/span>disponible aqu\u00ed<\/span><\/a>.<\/span><\/p>\n

See what supporters are saying about the La Ley Brokaw <\/i><\/span>aqu\u00ed<\/span><\/a>.<\/i><\/span><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds. The Brokaw Act is named for a small Wisconsin town that went bankrupt after an out-of-state hedge fund closed a paper mill that had provided good jobs to the town for over 100 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[44,47],"class_list":["post-5604","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-jobs-and-the-economy","tag-protecting-consumers-taxpayers-and-the-economy"],"acf":[],"yoast_head":"\nU.S. Senators Tammy Baldwin And Jeff Merkley Introduce Legislation To Strengthen Oversight Of Activist Hedge Funds - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/us-senators-tammy-baldwin-and-jeff-merkley-introduce-legislation-to-strengthen-oversight-of-activist-hedge-funds\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Senators Tammy Baldwin And Jeff Merkley Introduce Legislation To Strengthen Oversight Of Activist Hedge Funds - Merkley\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced legislation to increase transparency and strengthen oversight of activist hedge funds. 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