10-14-2016, 05:20 PM
All that talk about how the system is corrupt, benefiting the elite, is just that, talk..
Quote:Warren’s primary complaint, and one shared by other Democrats, is White’s refusal to begin work on a rule that would require corporations to disclose their political spending activities. Such a contentious initiative has been sought by Democrats ever since the Supreme Court’s ruling in Citizens United v. Federal Election Commission, which opened the doors to a huge increase in political spending by outside organizations.Warren to Obama: Fire your SEC chief | TheHill
The SEC has not made headway on that rule under White and in fact has removed it from its regulatory agenda altogether. Republicans in Congress have included riders in the last two spending bills barring the use of funds to write such a rule, but Warren argued that project is never going to move forward under White’s “brazen conduct.”
White’s refusal to take on a political spending rule has infuriated Warren and other key Democrats, including Sen. Charles Schumer (N.Y.), who is expected to serve as the Senate’s top Democrat in 2017. While policy riders have limited the SEC’s ability to work on such a rule, Democrats are incensed that the SEC is not even taking apparent steps to prepare to act on the rule if a future funding bill drops that provision.

