Deal Restricts SEC From Requiring Disclosure of Corporate Political Contributions – WSJ

It is shameful that one of the most broadly-supported proposals in the history of the Securities and Exchange Commission has been thwarted by incumbent Congressmen who want to block disclosure of political contributions to their campaigns by corporations.

A major spending plan unveiled by congressional lawmakers late Tuesday restricts the Securities and Exchange Commission from forcing public companies to disclose their political activities.

The provision, tacked on to a $1.15 trillion spending bill for fiscal year 2016, is a blow to liberal groups and many congressional Democrats who have long pushed—unsuccessfully—for the SEC to advance such rules. It is one of the few Republican-backed measures, known as “riders,”  included in the legislation.

via Deal Restricts SEC From Requiring Disclosure of Corporate Political Contributions – WSJ.

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