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Legislation demands SEC disclosures for corporate political spending

Joe Mont | February 13, 2019

Congressmen Salud Carbajal (D-Calif.) and and Zoe Lofgren (D-Calif.) have reintroduced the Corporate Political Disclosure Act, H.R. 1053. This legislation requires publicly traded corporations to disclose political expenditures through the Securities and Exchange Commission to their shareholders and the general public. 

The legislation would complement Congress’ first bill of 2019, the For the People Act (H.R. 1), legislation that also seeks to reform disclosures on corporate donations. H.R. 1 seeks to reform the campaign finance system and expose dark money in politics by upgrading online political ad disclosures and requiring all organizations involved in political activities to disclose their large donors.

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