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Disclosure proposal puts associations on the defensive

Many business groups are trying to derail a movement to require corporations to make public their political contributions Publicly traded corporations could soon be required to disclose contributions they make to groups like the U.S. Chamber of Commerce, at least if some shareholders have their way. A proposed rule before the Securities and Exchange Commission would require corporations to make public political giving, including that to associations. So far, the agency has received nearly 500,000 comments on the rule, most in favor, The New York Times recently reported. The push for corporate disclosure took off not long after the U.S. Supreme Court's 2010 Citizens United… Read More