Securities and Exchange Commission chairwoman Mary Schapiro has agreed to meet Tuesday with a bipartisan group of organizations to further hear their demands that the SEC take immediate action to confront what they say is the rise of secret corporate spending in U.S. elections.
The Coalition for Accountability in Political Spending (CAPS), which is leading the group, held a March 26 rally in front of the SEC’s Washington headquarters. CAPS leaders met with both Schapiro and Meredith Cross, director of the SEC’s Division of Corporation Finance. Bill de Blasio, the CAPS president, and Kate Coyne-McCoy, the group’s executive director, urged Schapiro and Cross to take up action on the SEC’s rulemaking petition on disclosure that was proposed seven months ago, but both of the SEC officials refused to offer a timeline for action on the new rule.
CAPS’ vow to keep up the pressure on the SEC prompted the Tuesday meeting.