Recent policy proposals put forth by several lawmakers have recommended curtailing public companies’ use of stock buybacks, arguing that the practice has constrained economic growth while unfairly enriching wealthy shareholders and executives. However, these proposals have offered no empirical or theoretical support for their recommendations and we are aware of no such evidence. The Committee on Capital Markets Regulation (“Committee”) is further concerned that the arguments offered in support of such proposals are premised on myths about stock buybacks and its effects. In this statement, the Committee seeks to clarify a few key points on this issue. The full Nothing But the Facts statement can be found here.