Rep. Harriet Hageman (R-WY-At large) penned a letter to the Securities and Exchange Commission (SEC) on July 12, expressing concern with the potential initial public offering (IPO) by JBS.
“The fact that JBS has a history of bribery, deception and corruption should be enough to deter the SEC from approving JBS’ registration statement,” Hageman wrote.
“JBS, the world’s largest meatpacker, perpetuates the problem of vertical integration and political corruption that boxes out small farmers and keeps them from competing with other large-scale food producers.”
Hageman requests SEC decline to move forward with the company’s registration.
