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Why Dark Money Is Bad Business

January 01, 1970 | The New York Times | Opinion

One of the most promising strategies to stem the tide of corporate dark money is a proposed rule at the Securities and Exchange Commission that would require public companies to report the amounts and recipients of their political spending. The rule has received a groundswell of support from a bipartisan group of former S.E.C. commissioners, state treasurers and law professors, and has generated more than one million public comments. ... As lawyers who specialize in investor rights, we see another critical, nonpartisan reason to support the rule: When it comes to political spending, companies are often not as informed as one might think — especially when it comes to dark money.

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