REGULATION, NOT LEGISLATION – THAT’S THE OBAMA WAY

Obama bypasses Congress, attempts to force companies to reveal political donations through SEC

http://dailycaller.com/2013/01/18/obama-bypasses-congress-attempts-to-force-companies-to-reveal-political-donations-to-sec/

Daily Caller – Vince Coglianese – 1/18/2013

The Obama administration is attempting to bypass Congress and force publicly-traded companies to reveal their political donations through regulation.

The Securities and Exchange Commission’s Division of Corporate Finance has begun the steps necessary to create a regulation that would in many ways mirror the DISCLOSE Act — a bill Senate Democrats have failed to pass through Congress.

Created in reaction to the 2010 Citizens United Supreme Court ruling that said corporations and unions could not have limits placed on their political expenditures, the Senate bill would require political organizations to publicly name their donors and the amounts they give.

The SEC regulation would do the reverse — force companies to disclose the political groups they support — and have a similar effect.

“The courts have said that Congress doesn’t have the authority to muzzle political speech. So the president himself will seek to go around it by attempting to change the First Amendment.”

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