The Securities and Exchange Commission (SEC) is coming under scrutiny from Senate Democrats like Bob Menendez Robert (Bob) MenendezActing Defense chief calls Graham an 'ally' after tense exchange William Barr is right man for the times This week: Trump delivers State of the Union amid wall fight MORE (N.J.), as well as Sen. Bernie Sanders Bernard (Bernie) SandersSenate Dems seek to turn tables on GOP in climate change fight Bernie Sanders Town Hall finishes third in cable news race, draws 1.4 million viewers Woman to undecided Biden: 'Just say yes' to 2020 bid MORE (I-Vt.), for delaying a Dodd-Frank rule requiring a company’s top executive to reveal how much money they make in comparison to their employees.

The CEO-to-worker pay disclosure rule was a key provision of the Obama administration’s efforts to clean up Wall Street.

The SEC passed the rule in August 2015, and it was scheduled to go into effect this year. But acting Chairman Michael Piwowar, a Republican, delayed the rule in February, noting companies encountered “unanticipated compliance difficulties.”

In a letter to Piwowar sent Tuesday, Sanders and eight Senate Democrats said they are “extremely troubled” by the recent delay and accused the SEC's acting chairman of attempting to “discredit the rule and generate momentum to repeal” it.

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They pointed out that CEOs at the nation’s largest companies make an average of “$335 dollars for every dollar earned by a typical employee.”

“Pay ratio disclosure helps investors evaluate the relative value a CEO creates, which facilitates better checks and balances against insiders paying themselves runaway compensation,” the senators wrote.

“Similarly, when a CEO asks for a raise while giving other employees a pay cut, investors should have this information,” they added.

Sanders made wages and income inequality a key issue last year during his presidential campaign.

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