This afternoon, the State Senate Corporations, Authorities, and Commissions Committee voted to prevent the Corporate Political Accountability to Shareholders Act from moving out of committee. The Act, which was sponsored by Senator Daniel Squadron, would have forced businesses to disclose political donations by requiring shareholder approval and eliminated the secrecy surrounding super PACs in this state. Though the bill lost its vote today Mr. Squadron is circulating a petition that will bring the legislation to a vote on the Senate floor if it is signed by 38 senators.
“Today, Senate Republicans chose corporations over people and prevented my bill from moving out of committee. But our fight to counter Citizens United, rein in unchecked corporate political influence and bring transparency to our politics isn’t over: I’m petitioning to bring the bill to a vote on the Senate floor,” Mr. Squadron wrote in a note on his Facebook page. Read More