Negotiamini Media
Truth is Powerful

Following Aftermath of Insurrection, Menendez Leads Colleagues in Demanding Greater Accountability and Transparency in Corporate Political Spending

19

Following Aftermath of Insurrection, Menendez Leads Colleagues in Demanding Greater Accountability and Transparency in Corporate Political Spending

WASHINGTON, D.C. – U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Banking Committee and the new Chair of the Securities, Insurance, and Investment Subcommittee, today reintroduced the Shareholder Protection Act of 2021 to ensure public companies are more transparent and disclose their political spending activities to their shareholders. The January 6 th violent attack against America’s sacred temple of democracy, the U.S. Capitol, demonstrates the urgency of getting big money out of politics, and this common-sense bill would start to do just that by requiring large corporations to receive authorization from a majority of its shareholders before managers can spend money on political activities. This bill has been cosponsored by Sens. Jeff Merkley (D-Ore.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Maize Hirono (D-Hawaii), Patrick Leahy (D-Vt.), Elizabeth Warren (D-Mass.), Dick Durbin (D-Ill.), Chris Van Hollen (D-Md.), Kirsten Gillibrand (D-N.Y.), Amy Klobuchar (D-Minn.), Ed Markey (D-Mass.), Jeanne Shaheen (D-N.H.), Tammy Baldwin (D-Wis.), Sheldon Whitehouse (D-R.I.), and Dianne Feinstein (D-Calif.). The bill is also supported by Public Citizen, a consumer rights advocacy group and think tank.

Following the events of January 6th, […]

Click here to view original web page at www.insidernj.com

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More