Corporate political spending remains an important talking point in American electoral politics. There isa great need for transparency. An article by Ciara Torres-Spelliscy in Brennan Center for Justice explores just how President Biden can increase transparency for corporate political spending. Here is an excerpt:

It’s finally time to turn on the lights. For over a decade, there have been growing calls for transparency and accountability regarding corporate political spending and other ESG (environmental, social, and governance) issues from investors who are tired of corporations hiding the ball. These calls did not make an impact on the Obama administration, which failed to issue better rules when it had the chance, and these pleas were actively ignored by the Trump administration, which pushed corporate accountability further out of reach. The Biden administration may finally be responsive to these demands for sunlight.

Investors have been complaining to American publicly traded companies about the lack of transparency for years. Fortunately, there are already encouraging signs that the Securities and Exchange Commission (SEC) and the Department of Labor — which have been hamstrung for years — will finally act.

Read the full article here.