“In Citizens United v. Federal Election Commission the Supreme Court rolled back decades of restrictions on corporate electioneering spending that protected both the political process and the shareholder owners of corporations. In a new era where massive corporate spending is possible, investors, consumers, and the general public must know how corporations are spending in political campaigns. That is why in the wake of the Supreme Court’s decision, I started an investor campaign for corporate political disclosure, including organizing institutional investors and pension funds to demand that Congress take swift action. The DISCLOSE Act introduced today contains the most thorough disclosure requirements ever for corporations and other special interest groups. This is a crucial step in repairing the damage done by the Citizens United decision. I urge Congress to pass this legislation.”
6 years ago
