House Dems Seek SEC Rule on Political Giving Disclosure

The Securities and Exchange Commission could require publicly traded companies to disclose their political spending under one of the first bills the new House Democratic majority introduced Jan. 4. Language lifting a ban that’s prevented the SEC from writing a political donation disclosure rule is part of a broader Democratic bill (H.R. 1) that would overhaul campaign finance disclosures, elections security, and ethics rules. Rep. John Sarbanes (D-Md.), who heads the House Democrats’ Democracy Reform Task Force, spearheaded the bill.