Senate Dems Push SEC For Corporate Political Spending Rule

Law360, New York (September 1, 2015, 8:24 PM EDT) -- Senate Democrats have urged the U.S. Securities and Exchange Commission to pass a rule to force public companies into disclosing their political spending, a firebrand issue since the U.S. Supreme Court declared corporate political advertisements a form of speech protected by the Constitution.

In a letter to SEC Chair Mary Jo White on Monday, 44 senators including Jeffrey Merkley of Oregon and Robert Menendez of New Jersey said they supported a rulemaking petition submitted in August 2011 that would require companies to tell shareholders how they use corporate resources for political activities.

They said the rule was needed in light of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!