Democrats Push SEC to Regulate Political Spending

The must-pass Omnibus Spending compromise includes a provision stuck in by Republicans that prohibits the Securities and Exchange Commission from using 2016 funds to regulate corporate political spending disclosures.

However, a raft of Democrats have written to SEC Chair Mary Jo White saying that nothing in the law bars “the SEC from discussing, planning, investigating, or developing plans or possible proposals for a rule or regulation relating to the disclosure of political contributions. As such, we expect the SEC to move forward with such plans including, but not limited to, a public roundtable, and other actions to prepare a rule on the disclosure of political contributions.”
http://www.menendez.senate.gov/news-and-events/press/menendez-leads-bicameral-letter-urging-sec-action-on-corporate-political-spending-disclosure

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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