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Capuano's Shareholder Protection Act Is Excellent First Step - Let Shareholders, Not CEOs, Decide How Their Money Is Spent on Politics
Statement of Craig Holman, Government Affairs Lobbyist, Public Citizen
WASHINGTON
A stunning blow of a court ruling deserves a strong response. We
have that in a measure introduced late Wednesday by Rep. Michael
Capuano (D-Mass.) to counter last week's U.S. Supreme Court campaign
finance ruling. In a powerful rejoinder to a court decision that allows
corporations to spend unlimited money on pet political causes and
candidates, Capuano has introduced legislation that requires CEOs to
receive shareholder approval for each and every corporate political
expenditure. Public Citizen enthusiastically supports Capuano's
"Shareholder Protection Act" and applauds his initiative in working to
rein in the damage the court is causing by unleashing unlimited
corporate spending in politics.
Last week, the court reversed 100 years of political tradition and
ruled in Citizens United v. Federal Election Commission that
corporations are "persons" under the First Amendment, entitled to spend
unlimited amounts of corporate treasury funds to support or attack
candidates. Never mind that corporations are not people, do not vote
and were never envisioned by the Founding Fathers as "persons" under
the Constitution. Five justices have taken it upon themselves to give
corporations the same constitutional rights given to human beings.
The courts have held that one of those rights is to spend unlimited
amounts of your own money in politics. The problem with granting this
right to corporations is that the CEOs can spend unlimited amounts of
other people's money - money from shareholders. This means money from
the 401(k) retirement accounts of millions of Americans.
Capuano's legislation requires that these CEOs fully inform
shareholders of candidates and causes to be supported or opposed, and
receive shareholder approval for any political expenditure. All
shareholders would get a chance to vote; board members and retirement
fund managers could not simply vote secretly on their behalf.
The Shareholder Protection Act will not solve all the problems of
unlimited corporate political spending, but it could go a long way
toward reducing the damage to our democracy inflicted by the court. We
need other tools from the toolbox, though, including public financing
of elections and, ultimately, a constitutional amendment clarifying
that for-profit corporations are not entitled to the speech protections
afforded under the First Amendment.
Note: On the day the Citizens United decision was announced, Public
Citizen launched a petition drive for a constitutional amendment to
counter the ruling. Already, more than 23,000 people have signed. See www.DontGetRolled.org
for more details. In addition, Public Citizen attorney Scott Nelson was
part of the legal team representing former and current lawmakers in the
Citizens United case.
READ Public Citizen president Robert Weissman's statement.
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.
(202) 588-1000LATEST NEWS
Trump Rebuked for Bypassing Congress With $8.6 Billion Weapons Sale to Israel and Gulf Allies
"The vaults are open and the arms trade is thriving before the war and after it," said one Nobel Peace Prize laureate.
May 03, 2026
As the US voting public continues to express its discontent over the disastrous war of choice against Iran that US President Donald Trump launched just over two months ago, fresh criticism followed after weekend reporting revealed the administration skirted congressional review to approve an $8.6 billion weapons deal with the United Arab Emirates and other allies in the Middle East.
Announced Friday night quietly by the US State Department, as the New York Times reports, the "sales would entail the transfer of rockets to Israel, Qatar, and the United Arab Emirates and air-defense equipment to Qatar and Kuwait."
According to the Times:
Under the terms of the deal with Qatar, the Gulf country would pay more than $4 billion for American-made Patriot missile interceptors — global stockpiles of which have dwindled during the war with Iran.
Israel, the Emirates and Qatar would receive an Advanced Precision Kill Weapon System, which fires laser-guided rockets. Kuwait also purchased an advanced aerial defense system for about $2.5 billion.
Secretary of State Marco Rubio expedited the deals under an emergency provision allowing the “immediate sale” of the weapons, the State Department said, bypassing standard congressional review and prompting criticism from Democratic lawmakers. This is the third time the second Trump administration has invoked an emergency authorization during the Iran war to bypass Congress on arms sales.
"No comment," said Mohamed ElBaradei, a Nobel Peace Prize winner and the former head of the International Atomic Energy Agency (IAEA), in an eye-rolling response to the news on social media.
After a commenter suggested that "America opened the door to war for [the countries taking part in the sale] so they would open their treasuries and the Israeli-American arms trade would boom after a slump," ElBaradei seemed to agree.
"The vaults are open, and the arms trade is thriving before the war and after it," he said.
Kenneth Roth, former executive director of Human Rights Watch and now a visiting professor at Princeton University, said: "Trump is bypassing Congress to fast-track arms sales to the United Arab Emirates, apparently without receiving any promise that the UAE would stop arming the genocidal Rapid Support Forces (RSF) in Sudan."
The RSF has been accused of atrocities in the ongoing Sudanese civil war, and the backing it has received from the US, with the UAE as its closely allied proxy, has been the source of outrage and criticism.
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After More Private Social Security Data Exposed by Team Trump, Where Will GOP 'Draw the Line'?
"Over and over again, the Trump administration is exposing private Social Security data," said one watchdog group who called the leak of personal information "a goldmine for identity thieves" and other fraudsters.
May 03, 2026
A newly reported failure of the Trump administration's ability to handle sensitive private information in the social programs it is tasked with operating triggered a fresh wave of anger over the weekend after it was revealed that healthcare providers' Social Security numbers were made public as part of a faulty Medicare portal rollout.
The Washington Post discovered the compromised database and alerted the administration last week, before publishing a story about it on Friday, after efforts had been made to protect the sensitive information from further compromise.
According to the Post:
The Centers for Medicare and Medicaid Services (CMS) last year created a directory to help seniors look up which doctors and medical providers accept which insurance plans, framing it as an overdue improvement and part of the Trump administration’s initiative to modernize health care technology.
But a publicly accessible database used to populate the directory contains some of the providers’ Social Security numbers, linked to their names and other identifying information. For at least several weeks, CMS made the database available for public use as part of its data transparency efforts.
While the reporting noted that the files were "not immediately visible to users who [visited] the provider directory," lawmakers and experts said the compromised information would be a treasure trove for fraudsters.
“The more we learn about how the Trump Administration handles the people’s most sensitive data, the clearer their incompetence becomes."
Critics pounced on the new reporting, calling it "yet another mess-up by the Team Trump" and only the latest evidence that the administration cannot and should not be trusted to protect the nation's most successful anti-poverty programs or the sensitive personal data of the American people who entrust the government with that information.
"Over and over again, the Trump administration is exposing private Social Security data," said Social Security Works, an advocacy group that serves as a public watchdog for the nation's social programs.
The compromised database, said the group, "is a goldmine for identity thieves, scammers, and foreign governments. And it is undermining the very foundation of our Social Security system."
"This is a failure by this administration," said Sen. Ruben Gallego (D-Ariz.) in response to the reporting. "Exposing Social Security numbers, whether patients or providers, is unacceptable."
Rep. Richard Neal (D-Mass.), the ranking member of the House committee that oversees the Medicare program, put the onus on his Republican colleagues in Congress.
“The more we learn about how the Trump Administration handles the people’s most sensitive data, the clearer their incompetence becomes,” Neal told the Post in a statement. “Do House Republicans need to see their own data exposed before they do right by their constituents and act?”
In March, as Common Dreams reported at the time, a whistleblower filed a complaint with the Social Security Administration accusing a former staffer with Trump's Department of Government Efficiency (DOGE), run for a time by right-wing billionaire Elon Musk, of trying to share information from SSA databases with his private employer.
Since the outset of Trump's second term, DOGE's meddling with Social Security and Trump's undermining of the program have been the source of deep anger and concerns among the program's defenders.
In a social media post on Saturday citing the whistleblower allegations from March, Rep. John Larson (D-Conn.) said, "For more than a year, 'DOGE' has been combing through the American people's records. They want to use your data to overturn elections and profit in the private sector. Enough! This administration must be held accountable for this massive data breach!
On Friday, responding to the Post's new reporting about the compromised database of physicians' private information, Larsen condemned Republicans for their ongoing and pervasive failures in the face of Trump's malfeasance and incompetence.
DOGE, said Larsen, "has been in your data for more than a year. We just learned that physicians' Social Security numbers were publicly exposed in an online portal launched by ‘DOGE’ officials."
"If this isn't enough for Republicans to act," he asked, "where will they draw the line?"
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'The World Is Proud of You, Guido': American Peace Activist Honored in Iranian Lego Video
"Your dignity stands taller than the place you stood, and it will live forever in our memory."
May 02, 2026
Explosive Media, one of the independent outfits generating the viral videos about the war in Iran, created a short piece on Saturday to honor the American father of two who climbed atop a bridge in the Washington, DC this weekend to demand an end to the conflict.
"In honor of Guido Reichstadter, the man who climbed the Frederick Douglass Memorial Bridge to make his voice of protest heard," the group said in a post alongside the video short. "Your dignity stands taller than the place you stood, and it will live forever in our memory."
As Common Dreams reported, Reichstadter climbed the bridge wearing a t-shirt that simply read "End War" beginning on Friday afternoon, remained in protest overnight, and told one reporter he intends to remain "for a few days at least."
In honor of Guido Reichstadter,
the man who climbed the Frederick Douglass Memorial Bridge to make his voice of protest heard.
Your dignity stands taller than the place you stood,
and it will live forever in our memory. 🫡🏔️ pic.twitter.com/WANYzS7kIh
— Explosive Media (@ExplosiveMediaa) May 2, 2026
Reichstadter said he climbed the 168-foot-tall bridge “because the government of the United States is engaged in acts of mass murder in my name. And I refuse to be complicit in that.”
"The world is proud of you, Guido," Explosive Media said in a separate post on social media. "Soon, side by side, we will celebrate peace and victory together."
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