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Statement of Common Cause President Miles Rapoport on Record One Million Public Comments Urging the SEC to Require Corporate Disclosure of Political Spending

September 4, 2014

Earlier today, representatives of the Corporate Reform Coalition conducted a press conference outside the SEC to urge the agency to move swiftly on a proposed rule requiring corporations to disclose their political spending. A petition requesting this rulemaking was filed in 2011 by a bi-partisan committee of leading law professors. The rulemaking was placed on the agency’s agenda by former SEC Chair Mary Schapiro in 2013, but was removed by Chair Mary Jo White earlier this year, sparking outrage among investors and the public.

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