--- title: SEC Announces Intent to Propose Rule on Corporate Political Spending Disclosure description: SEC Announces Intent to Propose Rule on Corporate Political Spending Disclosure --- [![Jacko Law Group, PC - Securities Law](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/brand.png)](http://www.jackolg.com/) Call Today for a Consultation San Diego 619-298-2880 San Francisco 415-766-3599 Los Angeles 213-631-2549 Menu [Contact](http://www.jackolg.com/Contact.shtml) - [Home](http://www.jackolg.com/) - [Firm Overview](http://www.jackolg.com/Firm-Overview/) - [Professionals](http://www.jackolg.com/Professionals/) - [Events](http://www.jackolg.com/Events.shtml) - [News](http://www.jackolg.com/News-Room/) - [Blog](http://www.jackolg.com/blog/) - [Videos](http://www.jackolg.com/Videos.shtml) - [Contact](http://www.jackolg.com/Contact.shtml) # Understand. Define. Achieve. Uniquely situated to offer comprehensive services to registered investment advisers, securities broker-dealers, hedge funds, financial professionals and organizations of all sizes. View Our Practice Areas - [SEC/FINRA Regulatory Counsel](http://www.jackolg.com/Regulatory-Examinations-and-Inquiries-SEC-and-FINRA/) - [Private Equity & Hedge Fund Counsel](http://www.jackolg.com/Private-Equity-Counsel/) - [Investment Adviser Services](http://www.jackolg.com/Legal-Considerations-for-Breaking-Away/Investment-Adviser-Counsel.shtml) - [Breakaways And Transitions](http://www.jackolg.com/Legal-Considerations-for-Breaking-Away/) - [General Corporate Counsel](http://www.jackolg.com/Corporate-Counsel/) - [Broker- Dealer Counsel](http://www.jackolg.com/Broker-Dealer-Counsel/) #### News - [Legal Tips](http://www.jackolg.com/News-Room/) - [Publications](http://www.jackolg.com/News-Room/Publications.shtml) - [Blog](http://www.jackolg.com/blog/) # Jacko Law Group Blog # SEC Announces Intent to Propose Rule on Corporate Political Spending Disclosure The Securities and Exchange Commission (“SEC”) recently indicated that by April of 2013, it plans to issue a Notice of Proposed Rulemaking on requiring public companies to disclose their political spending. This rule could have broad sweeping effects as it’s estimated that numerous large companies, including almost half of the S&P 100 index, do not currently disclose their political contributions. This move is in response to alarm raised by several firms, “watch-groups”, and individuals following the 2012 election which saw at least $400 million in “dark money” (political spending funded by undisclosed donors) spent on political candidates. These proponents claim that following the Supreme Court’s 2010 “Citizens United” ruling – whereby corporations may spend freely from their treasuries on political activities – a corporate political transparency rule is needed to protect and inform investors as to where their money is being spent. While the push for a new rule by the SEC has gained strong support, there are others who oppose such measures. These opponents argue that such rules would harm shareholders because the rules would give unions, which would not be subject to them, an advantage over corporations with respect to political spending; and that political spending is beneficial for shareholders. Furthermore, some argue that the SEC lacks the expertise, as well as the necessary statutory and constitutional authority, to promulgate such rules. For further information on this, or other related topics, please contact us at [info@jackolg.com](mailto:info@jackolg.com) or (619)298-2880. ### Legal Tip Archive - [September 2011 (5)](https://resources.jackolg.com/archive/2011/09) - [April 2014 (5)](https://resources.jackolg.com/archive/2014/04) - [August 2014 (5)](https://resources.jackolg.com/archive/2014/08) - [September 2015 (5)](https://resources.jackolg.com/archive/2015/09) - [August 2011 (4)](https://resources.jackolg.com/archive/2011/08) - [October 2011 (4)](https://resources.jackolg.com/archive/2011/10) - [June 2012 (4)](https://resources.jackolg.com/archive/2012/06) - [July 2012 (4)](https://resources.jackolg.com/archive/2012/07) - [August 2012 (4)](https://resources.jackolg.com/archive/2012/08) - [October 2012 (4)](https://resources.jackolg.com/archive/2012/10) - [November 2012 (4)](https://resources.jackolg.com/archive/2012/11) - [January 2013 (4)](https://resources.jackolg.com/archive/2013/01) - [March 2013 (4)](https://resources.jackolg.com/archive/2013/03) - [April 2013 (4)](https://resources.jackolg.com/archive/2013/04) - [May 2013 (4)](https://resources.jackolg.com/archive/2013/05) - [June 2013 (4)](https://resources.jackolg.com/archive/2013/06) - [September 2013 (4)](https://resources.jackolg.com/archive/2013/09) - [October 2013 (4)](https://resources.jackolg.com/archive/2013/10) - [January 2014 (4)](https://resources.jackolg.com/archive/2014/01) - [February 2014 (4)](https://resources.jackolg.com/archive/2014/02) - [March 2014 (4)](https://resources.jackolg.com/archive/2014/03) - [May 2014 (4)](https://resources.jackolg.com/archive/2014/05) - [June 2014 (4)](https://resources.jackolg.com/archive/2014/06) - [July 2014 (4)](https://resources.jackolg.com/archive/2014/07) - [December 2014 (4)](https://resources.jackolg.com/archive/2014/12) - [January 2016 (4)](https://resources.jackolg.com/archive/2016/01) - [November 2011 (3)](https://resources.jackolg.com/archive/2011/11) - [December 2011 (3)](https://resources.jackolg.com/archive/2011/12) - [January 2012 (3)](https://resources.jackolg.com/archive/2012/01) - [February 2012 (3)](https://resources.jackolg.com/archive/2012/02) - [April 2012 (3)](https://resources.jackolg.com/archive/2012/04) - [May 2012 (3)](https://resources.jackolg.com/archive/2012/05) - [September 2012 (3)](https://resources.jackolg.com/archive/2012/09) - [December 2012 (3)](https://resources.jackolg.com/archive/2012/12) - [July 2013 (3)](https://resources.jackolg.com/archive/2013/07) - [August 2013 (3)](https://resources.jackolg.com/archive/2013/08) - [November 2013 (3)](https://resources.jackolg.com/archive/2013/11) - [December 2013 (3)](https://resources.jackolg.com/archive/2013/12) - [January 2015 (3)](https://resources.jackolg.com/archive/2015/01) - [February 2015 (3)](https://resources.jackolg.com/archive/2015/02) - [March 2015 (3)](https://resources.jackolg.com/archive/2015/03) - [July 2015 (3)](https://resources.jackolg.com/archive/2015/07) - [August 2015 (3)](https://resources.jackolg.com/archive/2015/08) - [November 2015 (3)](https://resources.jackolg.com/archive/2015/11) - [February 2016 (3)](https://resources.jackolg.com/archive/2016/02) - [March 2012 (2)](https://resources.jackolg.com/archive/2012/03) - [February 2013 (2)](https://resources.jackolg.com/archive/2013/02) - [October 2014 (2)](https://resources.jackolg.com/archive/2014/10) - [November 2014 (2)](https://resources.jackolg.com/archive/2014/11) - [April 2015 (2)](https://resources.jackolg.com/archive/2015/04) - [May 2015 (2)](https://resources.jackolg.com/archive/2015/05) - [June 2015 (2)](https://resources.jackolg.com/archive/2015/06) - [October 2015 (2)](https://resources.jackolg.com/archive/2015/10) - [December 2015 (2)](https://resources.jackolg.com/archive/2015/12) - [July 2011 (1)](https://resources.jackolg.com/archive/2011/07) - [September 2014 (1)](https://resources.jackolg.com/archive/2014/09) see all #### News - [Legal Tips](http://www.jackolg.com/News-Room/) - [Publications](http://www.jackolg.com/News-Room/Publications.shtml) - [Blog](http://www.jackolg.com/blog/) [Email Us For A Response](http://www.jackolg.com/Contact.shtml) #### How Can We Help? Email us to request more information or to schedule an appointment. **Bold** labels are required. #### Follow Us ON - [![Facebook](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/facebook.jpg)![Facebook](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/facebook-o.jpg)](https://www.facebook.com/pages/Jacko-Law-Group-PC/293111140703429)Facebook - [![Google Plus](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/google-plus.jpg)![Google Plus](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/google-plus-o.jpg)](https://plus.google.com/103406198138900359700/posts)Google Plus - [![LinkedIn](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/linkedin.jpg)![LinkedIn](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/linkedin-o.jpg)](https://www.linkedin.com/company/469106?trk=vsrp_companies_res_name&trkInfo=VSRPsearchId%3A1915712591417541495513%2CVSRPtargetId%3A469106%2CVSRPcmpt%3Aprimary)LinkedIn - [![Twitter](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/twitter.jpg)![Twitter](https://resources.jackolg.com/hubfs/Jackolawgroup%20February2018/image/twitter-o.jpg)](https://twitter.com/JackoLawGroup)Twitter **San Diego Office** 1350 Columbia Street Suite 300 San Diego, CA 92101 [Map & Directions](https://maps.google.com/?q=Jacko+Law+Group,+PC+1350+Columbia+Street+Suite+300+San+Diego+CA+92101) Toll Free: 866-497-2298 Phone: 213-631-2549 Phone: 619-298-2880 Fax: 619-298-2882 **San Francisco Office** Four Embarcadero Center Suite 1400 San Francisco, CA 94111 [Map & Directions](https://www.google.co.in/maps/place/4+Embarcadero+Center,+San+Francisco,+CA+94111,+USA/@37.7950648,-122.3986392,17z/data=!3m1!4b1!4m2!3m1!1s0x808580613083aa1d:0x7e2bd59759260996) Phone: 415-766-3599 **Los Angeles Office** 535 N. Brand Boulevard Suite 279 Glendale, CA 91203 [Map & Directions](https://www.google.co.in/maps/place/535+N+Brand+Blvd+%23279,+Glendale,+CA+91203,+USA/@34.154319,-118.2576643,17z/data=!3m1!4b1!4m2!3m1!1s0x80c2c05300cb02e7:0xa610477ee4f38e64) Phone: 213-631-2549 © 2018 by [Jacko Law Group, PC](http://pview.findlaw.com/cmd/view?wld_id=4003514&pid=1). All rights reserved. [Disclaimer](http://www.jackolg.com/Disclaimer.shtml) | [Site Map](http://www.jackolg.com/Site-Map.shtml) [Privacy Policy](http://www.jackolg.com/Privacy-Policy.shtml) | [Business Development Solutions](https://www.lawyermarketing.com/?utm_source=FirmSite&utm_medium=footer%2Bcopyright&utm_term=law%2Bfirm%2Bmarketing&utm_campaign=FirmSite%2BInbound) by [FindLaw](http://www.findlaw.com/), part of Thomson Reuters.