February 28, 2012 Dylan Ratigan

NYC Public Advocate Bill De Blasio: “I’ll Lead Protests In Front of the SEC If That’s What It Takes”

This morning, a rather unique but potentially important case came before the Supreme Court.  At issue is whether corporations can be charged for international human rights violations.  It’s called Kiobel v. Royal Dutch Petroleum, and as Mike Sachs from The Huffington Post details, it “is totally unrelated to the Citizens United decision. What the Court decides, at least in theory, should have everything to do with how the justices approach international law.”

But what about law back here at home, as our electoral system deals with the horrific financial aftershocks of the disasterous Citizens United v. FEC? Our guest today, New York City Public Advocate Bill De Blasio, has been fighting Citizens United on behalf of New Yorkers — and this time, he’s threatening to take the fight to the steps of the SEC.

On today’s Dylan Ratigan Show, De Blasio outlined how the SEC could force disclosure of political spending by all publicly traded companies, with a simple rule change.

This, of course, in light of brand new information on Super PAC numbers:  our electoral system is being influenced by 343 Super PACs, who have spent $61 million and have raised $170 million, according to the Center for Responsive Politics.

The year 2012 is going a decisive one, said De Blasio on today’s Dylan Ratigan Show.

“Right now we’re fighting the SEC while they’re sitting on their hands… We could require disclosure of political spending by all publicly traded corporations and I’m going to lead protests in front of the SEC if that’s what it takes,” said De Blasio.

Think it’s time to demand full disclosure from publicly traded companies on their political spending? Sign on De Blasio’s letter calling on the SEC to use its power to mandate disclosure of corporate political spending at his website.

– Meg Robertson is a digital producer for DylanRatigan.com.  You can find her on Twitter @MegRobertson.



Tagged: , , , , ,


Get Email Updates

Stay connected with Dylan