SEC Petition For Corporate Political Spending Rule Reaches Half-Million Comments
WASHINGTON -- The number of public comments submitted to the Securities and Exchange Commission (SEC) on a rulemaking petition to require corporations to disclose political spending to shareholders has now topped 500,000, according to the Corporate Reform Coalition.
The half-million threshold was announced on a Tuesday conference call organized by the coalition and featuring Rep. Michael Capuano (D-Mass.), New York State Comptroller Thomas DiNapoli and Campaign Legal Center founder Trevor Potter. The coalition, a group of good-government watchdogs, labor unions and institutional investors, is calling for the SEC to mandate disclosure of corporate political spending.
The half-million threshold was announced on a Tuesday conference call organized by the coalition and featuring Rep. Michael Capuano (D-Mass.), New York State Comptroller Thomas DiNapoli and Campaign Legal Center founder Trevor Potter. The coalition, a group of good-government watchdogs, labor unions and institutional investors, is calling for the SEC to mandate disclosure of corporate political spending.
"It's impossible for the SEC to ignore the recordbreaking outpouring of investor concern and support for the disclosure rule," said Liz Kennedy, counsel for the liberal public policy and advocacy group Demos.
