The World’s Most Vacuous Body

By rejecting its vital oversight role, the U.S. Senate is abdicating its constitutional duty during the second Trump era.

Since the passage of the 1933 Securities and Exchange Act, the responsibilities — and liabilities — of corporate board of directors have steadily increased. The 1933 Act was the first to establish that directors were liable for misleading statements in offering documents. This was an effort to re-establish public trust in the stock market after the 1929…