Common Cause

For Immediate Release

Organization Profile: 

Common Cause Applauds SEC Step Toward Corporate Political Spending Disclosure

WASHINGTON - Common Cause commends the Securities and Exchange Commission (SEC) for publicly indicating that it plans to move forward and create a rule to require all publicly traded corporations to disclose their political spending. The agency’s decision comes in the wake of months of pressure on the SEC by Common Cause and coalition partners to require greater transparency of corporate political spending made urgent by the Supreme Court’s Citizens United decision.

“We’re pleased to be one step closer to ending the days when public corporations can secretly give to political campaigns without accountability to the public or their shareholders,” said Bob Edgar, President of Common Cause.

The Citizens United decision in early 2010 allowed corporations to spend unlimited amounts of shareholder money on political campaigns without disclosing the spending in anyway. In some cases, the long term financial interests of a corporation can be put at risk by that spending.


Our Summer Campaign Is Underway

Support Common Dreams Today

Independent News and Views Putting People Over Profit

Since a bipartisan panel of law professors filed a petition with the SEC in August 2011 requesting the agency to require political spending disclosure, Common Cause has pressed the SEC to move forward with this rulemaking. Common Cause generated over 24,000 comments from its membership in favor the rule, contributing to the record breaking number of comments that the SEC received. In addition, Common Cause organized a letter signed by business leaders and investors to support the rule and commissioned research to review the long term impact of political spending on firm value. The research showed that over the long term political spending does not increase shareholder value and may put the corporation’s brand at risk.

“We’re proud to be among the leaders of this effort,” said Edgar. “We recognize there’s a long road ahead to a final new law around transparent corporate political spending, but we’re gratified the SEC is taking steps to pull back the veil of darkness around corporate money in politics.”


This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.

Please select a donation method:

Common Cause is a nonpartisan, nonprofit advocacy organization founded in 1970 by John Gardner as a vehicle for citizens to make their voices heard in the political process and to hold their elected leaders accountable to the public interest.

Share This Article

More in: