The campaign to have the SEC regulate corporate political activity was a partisan boondoggle from start to finish. Hundreds of thousands of form letters urging the SEC to regulate corporate political spending, most raging about the Supreme Court decision in Citizens United, were ginned up by liberal advocacy groups. Democratic lawmakers pressured the SEC to regulate. The reason was simple – many Democrats believe that such regulation would harm their political opposition. Frustrated by the Federal Election Commission’s bipartisan requirement for adopting regulations and congressional inaction, many partisans thought that they could pressure the SEC, with its 3-2 Democratic majority, to adopt rules on a partisan basis.
A Cheer For SEC Chairman Mary Jo White And Good Government - Forbes
