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Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; Healthcare decision planning important for CT residents; Debt dilemma poll: Hoosiers wrestle with college costs.

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Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Groups Demand New SEC Rules for Corporate Political Spending

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Monday, March 26, 2012   

WASHINGTON - People are gathering outside the U.S. Securities and Exchange Commission (SEC) in Washington, D.C, this morning to demand transparency from corporations about their election spending. It's part of a campaign called "Wake Up SEC," led by the Coalition for Accountability in Political Spending (CAPS). This national nonpartisan group includes elected officials from both major parties, united by their concern about the "Citizen's United" ruling by the Supreme Court.

Kate Coyne McCoy, CAPS executive director, says the SEC has been unresponsive to requests to implement new rules for corporations.

"Publicly-traded companies that participate in elections should have to disclose their political activity. We know that this is good for business, good for democracy - and at the end of the day, the public should know."

Since the "Citizens United" ruling, Coyne McCoy says corporations have been funneling millions of undisclosed dollars through third parties to try to influence elections and public opinion. On the surface, she says, that's nothing new. What is new is that no one has to disclose where the money is coming from.

"What we're seeing now in the Republican primary is literally the tip of the iceberg. Frankly, it almost makes the candidate irrelevant. The candidate could be anybody, because the candidate is promoted and supported and propped up by some entity that is undisclosed and driving their own agenda."

Coyne McCoy says the rally will include a giant clock, to symbolize that time is running out for the commission to implement disclosure rules. She says they also hope to get an on-the-spot meeting with SEC Chair Mary Schapiro.

The rally begins at 10 a.m. at the U.S. Securities & Exchange Commission, 100 F Street, N.W., Washington, D.C.




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