Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

Want to save this page for later?


The Daily

House Fights to Head Off Potential SEC Rule on Political Spending Disclosures

Chris Gaetano
Published Date:
Jun 22, 2015
SECURITIES-AND-EXCHANGE-COMMISSION-facebookMembers of the House of Representatives have moved to prevent the SEC from implementing a potential rule that could require companies to disclose its political spending, according to the Wall Street Journal. The House Appropriations Committee inserted a measure into the 2016 Financial Services Bill that would explicitly prevent the commission from ever creating a rule on disclosure of political contributions, or contributions to trade associations and other tax-exempt organizations, said the Journal. This was done in response to a 2011 rulemaking petition proposing exactly that, an idea that has drawn more comment letters than any other proposal in the commission's entire history: more than a million, according to the Journal. This is the second time the House has moved to ban the SEC from putting such a rule in play, having put a similar measure in last year's appropriations bill as well, though that one failed to clear the Senate, said the Journal.