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Take Action: Tell the New Head of the SEC, Mary Jo White, to Force Corporations to Disclose Their Political Spending.


Business  (tags: abuse, americans, congress, corruption, cover-up, dishonesty, ethics, elections, GoodNews, government, media, lies, propaganda, politics, usa, SupremeCourt, corruption, corporate, cover-up, dishonesty, finance, investments, investors, law, lies, marketing )

JL
- 601 days ago - action.sumofus.org
Submit your comment to the SEC Send comments to the SEC supporting a rule change to require corporations to disclose political spending. A personal message will be the most effective, but feel free to use the one we provided.



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Comments

Sue H. (5)
Monday May 6, 2013, 8:36 am
Noted and signed, thanks. Not holding my breath though.
 

JL A. (276)
Monday May 6, 2013, 8:39 am
We have the best shot we've ever had to undo the damage of Citizen's United. How do we know? Because ALEC, the Chamber of Commerce, and major oil companies are freaking out and issuing wild, apocalyptic predictions to try and stop us.

But this isn't in the hands of the Congressmen big business has in its pocket, it's in the hands of the brand new Securities & Exchange Commission Chairman, Mary Jo White. With one simple rule change -- backed by legal scholars, 80 members of Congress, and 500,000 Americans and counting -- she can require corporations to disclose their political spending.

The SEC is evaluating the rule right now, and momentum is on our side. But the major power-brokers are starting to catch on, and lash out. If we pile on with tens of thousands of extra comments, we can keep the energy on our side, and show Mary Jo White that Americans want disclosure of corporate political spending.

Send your comment to the SEC telling it to force corporations to report political spending.

So corporations want to be treated like people? Well, people have to disclose their campaign donations. Corporations shouldn't get special privileges. A record six billion dollars was spent on political races in 2012. However, we may never know the full extent of corporate spending in the past election, since much of it is funneled into dark money groups, deliberately organized to hide their funders.

This new strategy for reform cuts out the middleman. Instead of trying to get politicians – the same people who need corporate donations to get elected -- to change the rules, we’re going directly to the rule makers. The wildest part is that it could actually work. According to one attorney who worked with her, "If ever a chairman of the SEC were to undertake the cultural sea change required to mandate enhanced corporate campaign disclosure through the commission, I would expect it to be Mary Jo White”. The SEC has been considering the petition -- submitted by ten legal scholars -- for months, but has yet to write it into a formal rule. Once the rule is written, White would only need the support of two of the current four commissioners -- two Democrats and two Republicans -- to pass it.

One of the major reasons corporations put so much money into politics is because they can get away with it. Since there is zero investor oversight, oftentimes corporate political spending is based on the CEO’s decision alone, and often has more to do with the boss’s ideology than the well-being of the business. If corporate spending was announced to the world, spending would be answerable to investors, customers, and the public at large. This would be a sea change in spending. This is the moment we’ve been waiting for.

Submit your comment to the SEC now.
 

JL A. (276)
Monday May 6, 2013, 8:47 am
You cannot currently send a star to Sue because you have done so within the last day.
 

Darren Woolsey (112)
Monday May 6, 2013, 8:47 am
Noted, signed and shared around.
 

JL A. (276)
Monday May 6, 2013, 8:48 am
Thanks for sharing Darren! You cannot currently send a star to Darren because you have done so within the last day.
 

Teresa W. (708)
Monday May 6, 2013, 8:52 am
noted, signed and shared, thank you
 

JL A. (276)
Monday May 6, 2013, 9:17 am
Thanks for sharing Teresa! You are welcome. You cannot currently send a star to Teresa because you have done so within the last day.
 

Thomas P. (468)
Monday May 6, 2013, 9:29 am
Noted and signed...thanks JL
 

Angelika R. (144)
Monday May 6, 2013, 9:39 am
Yep, just read about this few days ago-another of those scandals, matching nicely the "Pennies from heaven" scandal ( read about Penny Pritzker, Secretary of Commerce>"Billionaire Bankster Breaks Into Obama's Cabinet" - http://readersupportednews.org/opinion2/277-75/17245-billionaire-bankster-breaks-into-obamas-cabinet ) Thx JL -looks like sort of "chaingang eye openers", huh?
 

Angelika R. (144)
Monday May 6, 2013, 9:43 am
Of course signed!
 

Elizabeth O. (88)
Monday May 6, 2013, 9:50 am
Signed.
 

Terry V. (30)
Monday May 6, 2013, 9:52 am
S & N THANKS
 

Michael Kirkby (86)
Monday May 6, 2013, 10:10 am
Done
 

Christeen Anderson (554)
Monday May 6, 2013, 10:41 am
Signed.
 

JL A. (276)
Monday May 6, 2013, 11:12 am
You are welcome Thomas, Angelika and Terry.
You cannot currently send a star to Christeen because you have done so within the last day.
 

Sara W. (108)
Monday May 6, 2013, 12:23 pm
Gladly signed. Thanks, J.L.!
 

Nicole W. (645)
Monday May 6, 2013, 12:30 pm
signed and shared, thank you JL
 

Virgene L. (18)
Monday May 6, 2013, 12:48 pm
This would be a first good step! Thanks.
 

Patricia Long (1)
Monday May 6, 2013, 12:53 pm
Signed, shared and noted, thanks.
 

Leann Wells Huber (0)
Monday May 6, 2013, 12:56 pm
Signed. I think all corporations should be transparent and take responsibility for their actions. It shouldn't be possible to purchase laws and rules.
 

Malgorzata Zmuda (184)
Monday May 6, 2013, 1:05 pm
petycja podpisana
 

JL A. (276)
Monday May 6, 2013, 1:08 pm
You are welcome Sara, Nicole, Virgene, and Patricia.
You cannot currently send a star to Nicole because you have done so within the last day.
 

Sharon Davidson (352)
Monday May 6, 2013, 1:11 pm
noted and thanks for info.
 

Birgit W. (152)
Monday May 6, 2013, 1:17 pm
Signed.
 

Angelika R. (144)
Monday May 6, 2013, 1:22 pm
Malgorzata is obviously telling us she signed the petition. thanks. But
 

Angelika R. (144)
Monday May 6, 2013, 1:26 pm
oh no, this rotten software here is driving me NUTS ..grrr I give up.. the glitches now even affecting threads and comments again..
 

Past Member (0)
Monday May 6, 2013, 1:43 pm
Noted thanks
 

JL A. (276)
Monday May 6, 2013, 1:51 pm
Thanks for helping translate/interpret Angelika!
You are welcome Sharon and Carol.
 

Alan Lambert (97)
Monday May 6, 2013, 2:18 pm
Signed and Noted, of course...
 

JL A. (276)
Monday May 6, 2013, 2:21 pm
You cannot currently send a star to Alan because you have done so within the last day.
 

Lois Jordan (58)
Monday May 6, 2013, 3:06 pm
Comment submitted. Noted. Thanks, JL.
 

Nelson Baker (0)
Monday May 6, 2013, 3:16 pm
Signed
 

JL A. (276)
Monday May 6, 2013, 3:25 pm
You are welcome Lois.
You cannot currently send a star to Lois because you have done so within the last day.
 

Natalie V. (27)
Monday May 6, 2013, 3:34 pm
noted / signed
 

Theodore Shayne (56)
Monday May 6, 2013, 4:01 pm
Done
 

John B. (122)
Monday May 6, 2013, 4:16 pm
Thanks JL for the link. Comment signed, sent and post noted.
"Thanks for taking action!"
 

JL A. (276)
Monday May 6, 2013, 4:19 pm
You are welcome John. You cannot currently send a star to John because you have done so within the last day.
 

Paulett Simunich (0)
Monday May 6, 2013, 4:30 pm
thank you JL ....read, signed and will be sharing.....j
 

Dori C. (17)
Monday May 6, 2013, 5:07 pm
noted/signed
 

Bill and Katie D. (90)
Monday May 6, 2013, 9:08 pm
Signed Thank You
 

Marianne B. (113)
Monday May 6, 2013, 9:31 pm
s. & n. THANKS
 

Esther Z. (96)
Monday May 6, 2013, 11:01 pm
Noted and signed.
 

Sherri G. (117)
Tuesday May 7, 2013, 1:22 am
noted, signed and tweeted. Thank you JL
 

Emma S. (228)
Tuesday May 7, 2013, 3:42 am
Done! Thanks, JL.
 

Gloria picchetti (300)
Tuesday May 7, 2013, 3:54 am
Signed.
 

Daniel Partlow (189)
Tuesday May 7, 2013, 6:24 am
S&N
 

Carlene V. (203)
Tuesday May 7, 2013, 6:33 am
Think I've already signed this. Corporations are now running much of our country and politicans who want their donations won't do a thing about it. It's all about getting re-elected.
 

JL A. (276)
Tuesday May 7, 2013, 8:57 am
You are welcome Paulett, Bill and Katie, Marianne, Sherri and Emma.
You cannot currently send a star to Gloria because you have done so within the last day.
You cannot currently send a star to Dan and Tina because you have done so within the last day.
 

Unnikrishnan Sasidharan (48)
Tuesday May 7, 2013, 8:29 pm
S+N
 

cathie S. (154)
Tuesday May 7, 2013, 10:57 pm
signed n shared n noted
 

Arwen Woods (207)
Wednesday May 8, 2013, 2:00 am
Signed, noted and shared.x
 
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