WASHINGTON — The one millionth comment urging the Securities and Exchange Commission (SEC) to require publicly traded corporations to disclose to shareholders their corporate political spending has now been submitted. It is a record-breaking display of how deeply Americans care about bringing greater light to corporate political spending.
Marge Baker, executive vice president of People For the American Way, released the following statement:
“Disclosing corporations’ political spending is an important first step in taking back our democracy from wealthy special interests. Corporations should not be able to spend unlimited sums to influence elections in the first place, let alone without prior approval by their shareholders. But until that changes, shedding light on that spending is the very least they can do. Americans are demanding greater transparency in unprecedented numbers; we urge the SEC to listen.”
People For the American Way has worked with ally organizations to encourage Americans to submit public comments to the commission.