If you owned a TV in 2014 or 2012, you already know how bad the dark money problem is in America.
Corporate executives can take millions straight from their companies' treasuries and spend it on ads attacking candidates who aren't doing what they want.
Voters never find out who is funding the nasty ads, and shareholders – like you if you have a 401(k) – never find out if their companies are spending money on running attack ads rather than running a good business.
The New York Times declared that “dark money helped win the Senate” last November, and 2016 is shaping up to be way, way worse.
That is, unless SEC Chair Mary Jo White does her job.
Click here to tell SEC Chair Mary Jo White to issue a rule requiring public companies to unmask their dark money contributions.
As the chair of the SEC, Mary Jo White’s duty is to protect investors and enforce the rules on Wall Street. When he nominated her, President Obama promised she would do just that – that she would be a tough “cop on the beat.”
Instead, she’s let big banks off the hook time and time again, like each time she gives special “waivers” to mega-banks that break the law, because they are “too big to bar.”
Mary Jo White has dragged her feet on the dark money rule for more than 2 years, actually taking a proposed fix OFF the rule-making agenda, even as it gathered a record-breaking 1.2 million public comments.
Corporate executives and billionaires have sent a clear message to the SEC: We want to flood hundreds of millions of dollars into elections, in secret. The response from the SEC to date? “I’m Mary Jo White, and I approve that message.”
Enough is enough. It’s past time for Mary Jo White to do the right thing and protect investors and voters.
The SEC is expected to put out its rulemaking agenda for the coming year by the end of this month. Our democracy needs that agenda to include a rule fighting dark money.
RootsAction is joining with Rootstrikers, Demand Progress, and the Other 98% on this action. Together we can have an impact.
Click here to rush your comment to Mary Jo White and the SEC: take action against dark money and put the rule on the agenda.
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-- The RootsAction.org Team
P.S. RootsAction is an independent online force endorsed by Jim Hightower, Barbara Ehrenreich, Cornel West, Daniel Ellsberg, Glenn Greenwald, Naomi Klein, Bill Fletcher Jr., Laura Flanders, former U.S. Senator James Abourezk, Coleen Rowley, Frances Fox Piven, Lila Garrett, Phil Donahue, Sonali Kolhatkar, and many others.
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