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New SEC chair gets new demands for political contribution disclosures

Joe Mont | August 16, 2017

A continuing soap opera for the past several years has been whether the Securities and Exchange Commission will craft a rule on corporate political donations.

Activists have long sought a rule requiring the disclosure of political contributions, whether people, causes, or trade associations. Democrats have embraced the idea. Republicans have sought to kill it with prohibitory language inserted in spending bills.

The latest effort to bring those disclosures to fruition comes from Sen. Bob Menendez (D-N.J.), who says he “has led the fight for transparency since Citizens United opened the floodgates for unlimited, unchecked corporate spending in elections.”

He and Democratic colleagues have delivered a letter to...

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