President Joe Biden is expected to meet the chief executives of ten major companies in the U.S., on Wednesday, according to major outlets. They will discuss the potential business implications of the Build Back Better Act. All these CEOs are in favor of the bill. They are expected to meet in-person at the White House.
The official who shared the news, on Tuesday wished to remain anonymous as details were still being worked on. According to reports the CEOs are expected to discuss the bill with Biden. Mary Barra, Chair and CEO of General Motors, who announced a seven billion investment in Michigan is expected at the White House and so is Jim Farley, who is the President and CEO of Ford. Salesforce Co-Founder, Co-CEO and Chair Marc Benioff and Thasunda Brown Duckett, President and CEO of TIAA are also expected to attend the meet.
Other chief executives include Barbara Humpton, President and CEO of Siemens Corporation as well Tom Linebarger, Chairman and CEO of Cummins. Tech will be represented by Enrique Lores, President and CEO of HP and Brad Smith, President and Vice Chairman of Microsoft.
The chief executive of Corning–Wendell Weeks and the chief executive of Etsy–Josh Silverman are also expected to meet Biden at the White House, on Wednesday.
The CEOs will highlight the key benefits of the Build Back Better (BBB) Act that would be good for both the American economy and American business.
Although the BBB sailed through the house, Sen. Joe Manchin, a moderate Democrat put brakes on the bill, in the Senate, citing inflation.
The earlier emphasis on passing the bill had been on its aspects that would improve the lives of poor and middle class Americans. By focusing on the business and economy aspects, the Biden administration hopes to erode the opposition in the Senate and probably pass some if not all parts of the Build Back Better Act, if possible, before the midterms.
