Press Releases
Sullivan Discusses INDEX Act and Record-High Energy Prices on Squawk Box
WASHINGTON-U.S. Senator Dan Sullivan (R-Alaska) discussed his newly introduced Investor Democracy is Expected (INDEX) Act on CNBC's Squawk Box this morning. The bill democratizes the corporate governance voting process by restoring voting rights from asset managers to their clients-the shareholders. Sullivan also discussed the record-high gas prices and unprecedented inflation as hard-working Americans endure a tenth straight day of record-breaking gasoline prices. SULLIVAN: We Need To Br… Continue Reading
05.18.22
Sullivan Introduces INDEX Act to Empower Investors and Neutralize Wall Street’s Biggest Investment Firms
WASHINGTON—U.S Senator Dan Sullivan (R-Alaska) today introduced the Investor Democracy is Expected (INDEX) Act to address problems stemming from the consolidated corporate ownership and voting power within Wall Street’s largest investment advisers and their index funds. With passive investing exploding in popularity over the past two decades, these firms have quietly become the largest owners in almost all public U.S. companies. As such, they are able to leverage the investments of millions of i… Continue Reading
05.18.22
ARTICLE: Lawmakers Seek to Curb Voting Power of BlackRock, Vanguard and Other Big Asset Managers
by Angel Au-Yeung
A group of Republican senators is looking to curtail the power big asset managers like BlackRock Inc. and Vanguard Group have over public companies. In legislation to be introduced Wednesday, Sen. Dan Sullivan (R., Alaska) calls for voting choice to be made available to individual investors in passive funds when money managers own more than 1% of a company's voting securities. Big asset managers like BlackRock, Vanguard and State Street Corp. STT -2.56% have grown rapidly in recent years, fue… Continue Reading
05.18.22
ARTICLE: Sen. Sullivan looks to curb power of giant investment firms embracing ESG
by Zachary Halaschak
Sen. Dan Sullivan (R-AK) has introduced legislation to rein in the power over corporations enjoyed by the biggest asset managers, many of whom have provoked Republicans by embracing "Environmental, Social, and Governance" standards for businesses. The Investor Democracy Is Expected Act would give more power to passive investors who invest their money in mutual and exchange-traded funds through firms like Vanguard. It would require money managers to vote proxies based on their clients' wishes ra… Continue Reading
05.17.22
Sullivan Statement On Record High Alaska Gas Prices
WASHINGTON-U.S. Senator Dan Sullivan (R-Alaska) released the following statement today on Alaska gas prices averaging a record-high of $5.00 per gallon. "Today, Americans, especially in my home state of Alaska, are paying the price for Joe Biden's destructive energy policies," Sen. Sullivan said. "The sad truth is, the pain Americans experience each time they try to fill up their vehicle is part of an intentional plan by this administration-beholden to the ultra-left-to drive up prices in orde… Continue Reading
05.16.22
Sullivan, Murkowski Welcome Signing of American Fisheries Advisory Committee Act
WASHINGTON—President Joe Biden this week signed the American Fisheries Advisory Committee Act into law, bipartisan legislation authored by U.S. Senator Dan Sullivan (R-Alaska) and cosponsored by Senator Lisa Murkowski (R-Alaska) that will create an industry-led committee to assist in the administration of federal fisheries marketing, research, and development grants. “For the past 50 years, Alaska’s and America’s fishermen have lacked a meaningful seat at the table in the important Saltonstall… Continue Reading
05.12.22
Murkowski, Sullivan Slam Interior for Cancelling Cook Inlet Lease Sale
WASHINGTON-U.S. Senators Lisa Murkowski and Dan Sullivan, both R-Alaska, issued the following statements after the U.S. Department of the Interior (DOI) announced it will "not move forward" with a planned oil and gas lease sale in Cook Inlet, Alaska. The Biden administration claimed-falsely-that industry had no interest in leasing in the basin. At a time when Alaskans and every other American are facing historic inflation and skyrocketing energy costs, the Biden administration has once again pu… Continue Reading
05.12.22
Sen. Sullivan, Rep. Bost Lead Effort to Modernize VA Home Loan Program
WASHINGTON-Today, U.S. Senator Dan Sullivan (R-Alaska), a member of the Senate Committee on Veterans' Affairs, and Congressman Mike Bost (R-Ill.), ranking member of the House Committee on Veterans' Affairs, released the following statements after introducing S.4208, the Improving Access to the VA Home Loan Act of 2022, a bill to enhance the Department of Veterans Affairs (VA) home loan program by streamlining the home buying process for veterans and their families. "My team and I have heard fro… Continue Reading
05.12.22
Sullivan Opposes Powell’s Confirmation as Fed Chair
WASHINGTON-U.S. Senator Dan Sullivan (R-Alaska) today released the following statement after voting against the confirmation of Jerome Powell to serve a second term as chairman of the Federal Reserve. "Although I respect his experience and knowledge, today I voted against the confirmation of Jay Powell to serve a second term as chairman of the Federal Reserve. "The Federal Reserve has a dual mandate from Congress: maintaining price stability while keeping unemployment low. During Chairman Pow… Continue Reading
05.11.22
ICYMI: SULLIVAN: Despite Biden’s Varying Explanations This Past Year, Inflation is Joe Biden’s Fault
WASHINGTON-On the Hugh Hewitt Show today, U.S. Senator Dan Sullivan (R-Alaska) called out President Joe Biden for refusing to accept responsibility for the record-setting inflation that is "crushing middle-class and working-class families." Sullivan said the sky-high prices Americans are paying are "Joe Biden's fault…the Federal Reserve's fault…Biden's anti-energy policies' fault." Sullivan also discussed letters he has sent to the Interior Department's inspector general and ethics… Continue Reading
05.06.22
Sullivan Recognizes Alison Kear as “Alaskan of the Week”
WASHINGTON-On the floor of the U.S. Senate yesterday, Senator Dan Sullivan (R-Alaska) recognized Alison Kear, of Anchorage, the executive director at Covenant House Alaska, the largest shelter in Alaska for at-risk youth experiencing homelessness. During her tenure, Kear has grown the services offered, including shelter, job training, education services, and counseling, among others. Covenant House Alaska is now a nationwide model for helping youth. Kear was recognized as part of Sen. Sullivan's… Continue Reading
05.06.22
Sullivan, Van Hollen Recognize U.S. Foreign Service Day
WASHINGTON-U.S. Senators Dan Sullivan (R-Alaska) and Chris Van Hollen (D-Md.), co-founders of the bipartisan Senate Foreign Service Caucus, announced they will introduce a resolution celebrating May 6, 2022, as "Foreign Service Day." The day recognizes the men and women who have served, or are presently serving, in the Foreign Service of the United States and honors the members of the Foreign Service who have given their lives in the line of duty. Foreign Service Day has been celebrated on the f… Continue Reading
05.06.22
Murkowski, Sullivan Announce Fisheries Disaster Funding for Alaska
WASHINGTON-U.S. Senators Lisa Murkowski and Dan Sullivan, both R-Alaska, today announced the U.S. Department of Commerce will direct nearly $132 million to Alaska for fishery disasters. The funds, which were appropriated by Congress, are part of a total of $144 million that will be disbursed nationwide for this purpose. "I'm pleased to announce this crucial funding is finally on the way for Alaska's seafood industry. After facing both serious fishery disasters and the pandemic, there are owners… Continue Reading
05.05.22
Army to Reestablish 11th Airborne Division, America’s Third, in Alaska
WASHINGTON-U.S. Army Secretary Christine Wormuth announced today that U.S. Army Alaska will be redesignated as the 11th Airborne Division, constituting the nation's third airborne division and second paratrooper division. Secretary Wormuth made the announcement during a line of questioning today from Senator Dan Sullivan (R-Alaska) in a hearing of the Senate Armed Services Committee (SASC), which included testimony from General James McConville, chief of staff of the Army. Sullivan and Wormuth m… Continue Reading
05.05.22
SPEECH: Indo-Pacific Economic Framework
Mr. President, I wanted to come down to talk about a topic that a number of Senators have been talking about and that a number of Senators have been focused on. That is the topic of Taiwan and potentially the defense of Taiwan and the support for Taiwan. As this body knows, in 1979, the Senate passed a very important bill called the Taiwan Relations Act--a very bipartisan bill. From that time on, the Senate has played a very important oversight role in U.S. relations with Taiwan, and it h… Continue Reading
05.04.22
Senate Approves Sullivan Motion to Ban Taxpayer Dollars from Funding Forced-Labor-Sourced Minerals, Technology
WASHINGTON-The U.S. Senate today approved a motion offered by Senator Dan Sullivan (R-Alaska) instructing the conferees for the United States Innovation and Competition Act of 2022 (USICA) and the America COMPETES Act to include language prohibiting new renewable energy projects receiving federal funds from purchasing materials, technology or critical minerals sourced in the People's Republic of China or the Russian Federation. Sullivan offered the motion to ensure the United States has a robust… Continue Reading
04.29.22
Sullivan Recognizes Teresa Gray as “Alaskan of the Week”
WASHINGTON-On the floor of the U.S. Senate yesterday, Senator Dan Sullivan (R-Alaska) recognized Teresa Gray, of Anchorage, the founder of Mobile Medics International, a nonprofit that dispatches medical professionals to hard-to-reach communities across the globe to assist victims of natural disasters and war. The organization now has 120 volunteer members, including several Alaskans, who have treated more than 30,000 people on five continents. Gray recently received a "CNN Hero" award for her w… Continue Reading
04.29.22
House Passes Sullivan’s American Fisheries Advisory Committee Act
WASHINGTON-U.S. Senator Dan Sullivan (R-Alaska), a member of the Senate Commerce, Science and Transportation Committee, welcomed House passage this week of S. 497, the American Fisheries Advisory Committee Act, bipartisan legislation he introduced to create an industry-led committee to assist in the administration of fisheries marketing, research, and development grants. The bill was cosponsored by Senators Lisa Murkowski (R-Alaska), Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.), Maria Cantwel… Continue Reading
04.26.22
BLM’s NPR-A Plan Harms American Energy Security, Ignores Alaskan Voices
WASHINGTON-U.S. Senators Lisa Murkowski and Dan Sullivan, both R-Alaska, today slammed the Bureau of Land Management (BLM) for reverting the National Petroleum Reserve-Alaska (NPR-A) to the 2013 version of its Integrated Activity Plan (IAP). This shortsighted decision closes millions of acres to responsible energy development, deliberately upending a careful balance in the management of the reserve and more broadly across Alaska lands. The Biden administration's move abandons the 2020 version … Continue Reading
04.21.22
Secretary Haaland Announces New Delays & Complications for Alaska Native Vietnam-Era Veterans Seeking Allotments
FAIRBANKS, ALASKA-U.S. Senator Dan Sullivan (R-Alaska) today disputed Interior Secretary Deb Haaland's claim that she is "[moving] expeditiously to deliver on [her] promise" to Alaska Native Vietnam-era veterans as she accepted a "Finding of No Significant Impact" (FONSI) from the acting Alaska Bureau of Land Management (BLM) director on the Environmental Assessment (EA) for the Alaska Native Vietnam-era Veterans Allotment Program. In accepting the FONSI, Secretary Haaland again declined to appr… Continue Reading