On the recordJuly 18, 2018
This is not about shaming anyone. This does not restrict free speech or the ability of corporations to engage in political activity. It only allows the SEC to require disclosure of corporate political spending, a little bit of transparency providing disclosure to the public, so that they clearly know the companies that they are investing their money in. Moreover, more than 150 large companies, including more than half of the companies in the S&P 100, are disclosing their political spending already. Investors have filed over 300 shareholder proposals since 2011 asking companies to disclose political spending. This is all about transparency and protecting our democracy. We should not be scared of giving the public more information. Mr. Chairman, I yield back the balance of my time.
