{"id":5408,"date":"2013-02-07T00:00:00","date_gmt":"2013-02-07T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/02\/corporate_reform_coalition_pra"},"modified":"2022-05-02T15:36:32","modified_gmt":"2022-05-02T20:36:32","slug":"corporate-reform-coalition-pra","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/corporate-reform-coalition-pra\/","title":{"rendered":"Corporate Reform Coalition Praises SEC for Considering Political Spending Mandate Disclosure Rule"},"content":{"rendered":"

The Corporate Reform Coalition is pleased that the SEC has indicated that its staff is looking at whether to proceed with a rule that mandates disclosing corporate political spending. The group says that by including this possible rulemaking in its semi-yearly regulatory agenda, the Commission has made a critical move to protect investors, tackle the influx of secret corporate spending that has occurred since the US Supreme Court’s ruling in Citizens United<\/em>, and help in the disclosure of key political spending information.<\/p>\n

The CRC is comprised of over 80 pension funds, socially conscious investors, and consumer associations that seek greater accountability and transparency in corporate political spending. According to CRC co-chair Lisa Gilbert, that the regulatory agency has indicated that it intends to put out a notice of proposed rulemaking by April is \u201cone step further\u201d toward its commitment to a rule. However, some disclosure attorneys are reportedly skeptical that the SEC will actually take on this rulemaking.<\/p>\n

Following the US Supreme Court\u2019s ruling in Citizens United v. Federal Elections Commission<\/em> in 2010, shareholders have been wanting more transparency related to how companies spend their lobbying money. In 2011, the Committee on Disclosure of Corporate Political Spending turned in a rulemaking petition to the SEC seeking regulations that would mandate disclosures. 322,000 comment letters have since followed\u2014most from investors supporting mandated disclosure.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Corporate Reform Coalition is pleased that the SEC has indicated that its staff is looking at whether to proceed with a rule that mandates disclosing corporate political spending. The group says that by including this possible rulemaking in its semi-yearly regulatory agenda, the Commission has made a critical move to protect investors, tackle the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3761],"tags":[],"class_list":["post-5408","post","type-post","status-publish","format-standard","hentry","category-securities-and-exchange-commis"],"yoast_head":"\nCorporate Reform Coalition Praises SEC for Considering Political Spending Mandate Disclosure Rule — Investor Lawyers Blog — February 7, 2013<\/title>\n<meta name=\"description\" content=\"The Corporate Reform Coalition is pleased that the SEC has indicated that its staff is looking at whether to proceed with a rule that mandates disclosing — February 7, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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