Category Archives: House

Pelosi Yanks DISCLOSE Act at Behest of U.S. Chamber of Commerce

And YOU thought this bill was weak and partial enough to slip through.  And YOU thought it was the Republicans who worked for the U.S. Chamber of Commerce.  These are the new teams, boys and girls: on one side elected officials, on the other side all the rest of us.

From Politico:

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Will Thousands of Corporations Be Banned from Political “Spending” Because Defined as Foreign?

While Congress may be restrained, to put it politely, in its efforts to clean up corruption for its own sake, xenophobia may come to the rescue. The LA Times reports that the Democratic party’s legislation in both houses is “now considering a broad definition of foreign corporations — companies that are more than 20% owned by non-American entities. That could end up banning thousands of corporations from contributing to political activities.”
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Rep. Michael Capuano Introduces Legislation Requiring Shareholder Approval

HR 4537

Shareholder Protection Act of 2010 (Introduced in House)

HR 4537 IH

111th CONGRESS
2d Session

H. R. 4537

To amend the Securities Exchange Act of 1934 to require the express authorization of a majority of shareholders of a public company for certain political expenditures by that company, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

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Rep Edwards Has Introduced Amendment

H.J.RES.74 Cosponsors are updated on Thomas.loc.gov here.

But we have them for you first: John Conyers, Eleanor Holmes Norton, Jim McGovern, Keith Ellison, Chellie Pingree, Barbara Lee, Andre Carson, Jesse Jackson, Jr., Betty Sutton, Raul Grijalva and Ed Markey.

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