Warren's plan targeting companies for spreading misinformation comes as Exxon has been sued in multiple states for lying to investors about climate risks.
Under the plan, Warren proposes creating a new “corporate perjury” law to hold companies accountable for submitting misinformation to federal regulators, such as in the public comment period for a new rulemaking. Companies that violate the law could face criminal liability, resulting in upwards of $250,000 in fines or jail time for the people who submitted the deceitful information.
She also recommends banning “federal agencies and courts from considering non-peer-reviewed, industry-funded research.” So if a company submits research for a proposed rulemaking, it would have to disclose how it was funded, whether the funders influenced the research, and detail the relationship between funders and researchers. Research with conflict of interest would likely be excluded from the rulemaking, as well as from any future court challenges to that rule.
Warren proposes creating a national Office of the Public Advocate to make it easier for the public to engage in the federal rulemaking process.
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