Democrats Block SEC Nominees
Source: US News
Opposition from top Senate Democrats has stalled two of the president's nominees to the Securities and Exchange Commission.
Opposition from top Senate Democrats Thursday stalled two of the president's nominees to the Securities and Exchange Commission over whether the nominees support requiring publicly-traded corporations to disclose political spending.
Nominees Lisa Fairfax, a Democrat, and Hester Peirce, a Republican, had waffled on the issue. Democratic Sens. Charles Schumer of New York and Elizabeth Warren of Massachusetts were among four Senate Banking Committee Democrats opposing the nominees, which led Banking Committee Chairman Richard Shelby, R-Ala., to postpone a vote that had been set for Thursday.
Schumer said both nominees are "fence-sitting" on whether to force corporations like Koch Industries to reveal their political giving. Republicans succeeded in blocking the proposal through in last year's catch-all spending bill.
Read more: http://www.usnews.com/news/business/articles/2016-04-07/democrats-block-sec-nominees-over-political-money-fight
Schumer, Warren oppose Democrat pick to join SEC
http://www.marketwatch.com/story/schumer-warren-oppose-democrat-pick-to-join-sec-2016-04-07
(snip)
At least four Democrats on the committee said they would vote against Fairfax: Sen. Charles Schumer of New York, Sen. Robert Menendez of New Jersey, Sen. Jeff Merkley of Oregon and Sen. Elizabeth Warren of Massachusetts. A fifth senator, Republican Tim Scott of South Carolina, also said he opposed her nomination.
annabanana
(52,791 posts)Eleanors38
(18,318 posts)dhill926
(16,373 posts)JudyM
(29,294 posts)"Opponents have maintained that political spending isn't the kind of relevant information that shareholders need to know about a company."
Are you bloody kidding me??? How many hundreds of shareholder resolutions do we have to have to get the point across that it absolutely does matter?
elljay
(1,178 posts)and never has been, especially where corporations are involved.
JudyM
(29,294 posts)Ferd Berfel
(3,687 posts)but I trust Warren's judgement. If she is against them - so am I.
and after the TPP bullshit I dont' trust Obama at all.
Skwmom
(12,685 posts)LS_Editor
(893 posts)Skwmom
(12,685 posts)LS_Editor
(893 posts)An insult to the left.