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The nation’s second most powerful court on Monday ordered the Securities and Exchange Commission (SEC) to explain why it has not responded to a request for a political spending rule.
The U.S. Court of Appeals for the D.C. Circuit ordered the SEC to respond within the 30 days to a petition the Campaign for Accountability (CfA) filed on behalf of Stephen Silberstein and explain why the agency has not responded to his request for a rule requiring corporations to disclosure their political spending.
CfA, which has long pushed the SEC to issue a corporate political spending rule, petitioned the court in February to force action on Silberstein’s request.
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