“Appropriations bill would bar SEC from requiring political spending disclosure”

Star Tribune:

The appropriations bill that the Senate and House must pass by Friday to avoid a government shutdown forbids the Securities and Exchange Commission from making publicly traded companies disclose their political spending to shareholders.

The language has been embedded in every major federal spending bill since 2016. The prohibition comes as politicians talk about open government and critics lament unlimited corporate contributions allowed under the 2010 Citizens United Supreme Court decision that they say are reshaping elections.

Telling regulators they cannot increase shareholder and public awareness of the influence of business on politics is controversial, but not so contentious that its inclusion in the 2018 appropriations bill will lead to a government shutdown, most observers believe.

Share

Comments are closed.