- Category: National
- Published: Tuesday, 10 March 2009 01:00
- Written by Press Release
- Hits: 898
The Center for Political Accountability and the Zicklin Center for Business Ethics Research at the University of Pennsylvania’s Wharton School called on the U.S. Supreme Court to leave in place long-standing limits on corporate political activity and more recent requirements that companies and trade associations disclose their spending on electioneering communications.
In an amicus brief filed in the United Citizens case, the CPA and the Zicklin Center warned that “dismantl[ing] [Bipartisan Campaign Reform Act] provisions, including its disclosure requirements,” would remove”... all restraints on corporate political influence.” The case poses a major challenge to effective federal regulation of corporate political activity.
If successful, the CPA and the Zicklin Center noted, appellants would leave the public, shareholders and company directors in the dark when it comes to corporate political activity. Millions of dollars of corporate money will be spent through third party groups and public accountability will disappear.