Sens. Cardin, Lugar slam oil industry's Dodd-Frank lawsuit The bipartisan Senate duo that authored oil company disclosure requirements in the 2010 Dodd-Frank financial law are bashing petroleum industry litigation to scuttle the mandate. “The Cardin-Lugar Amendment puts transparency — the key to citizens' ability to hold their government to account — ahead of corruption. To do otherwise is a losing proposition for the United States and company shareholders,” Lugar said in a statement Thursday. API, along with the U.S. Chamber of Commerce and other groups, challenged the SEC in federal court Wednesday in an effort to overturn rules they argue will put U.S. companies at a competitive disadvantage. [The Hill]
Panetta Warns of Dire Threat of Cyberattack on US In August, a cybersecurity bill that had been one of the administration's national security priorities was blocked by a group of Republicans, led by Senator John McCain of Arizona, who took the side of the U.S. Chamber of Commerce and said it would be it would be too burdensome for corporations. [The New York Times ] More...
Oil, business groups sue SEC over disclosure rule Oil industry groups and the U.S. Chamber of Commerce are asking a federal court to overturn new Securities and Exchange Commission rules that will force oil, gas and mining companies to disclose their payments to foreign governments. The rules have been championed by an array of anti-poverty and human rights groups, and backers range from Bono to Bill Gates to George Soros. [The Hill]
State Court Justice, for Sale or Rent The U.S. Chamber of Commerce, in particular, has become a powerful player in judicial races. From2001 to 2003 its preferred candidates won 21 of 24 elections. According to data from the National Institute on Money in State Politics, the chamber spent more than$1 million to aid the 2006 campaigns of two Ohio Supreme Court justices, and in the most recent high court election in Alabama, money from the state's chamber accounted for 40 percent of all campaign contributions. [The Atlantic]
How can you tell that momentum is building for change?
Well, one good sign is that the opposition starts getting nervous about your progress.
That’s why we took it as a positive sign that the U.S. Chamber of Commerce recently stepped up attacks on shareholders who attempt to make companies disclose political spending.
Earlier this month, I attended an almost comical presentation at the U.S. Chamber headquarters where speakers spent most of a four hour event attacking political spending disclosure resolutions as being bad for business.
I say ‘almost’ comical because, while much of the information is laughably wrong, the subject matter is far too important to joke about.
There are a number of things wrong with what I heard at this event, but I’d like to focus on two disturbing claims in particular.
The U.S. Small Business Administration’s Office of Advocacy recently released a report that confirmed a fact many small business groups already know to be true: small businesses are leading the nation’s economic recovery. Green For All is one of the groups that has seen this first-hand. We have worked for years to support small green businesses with the skills and resources needed to create new jobs while improving our environment. We know from experience that small businesses are America’s principal drivers on the road to economic recovery. It is these businesses that are, time and time again, the most capable at fostering local community resilience in times of economic hardship.
Today, the U.S. Women's Chamber of Commerce ( http://www.uswcc.org ) calls on congressional leaders to reject the Ryan Budget as wrong for the future of America, and pledges to take the case to protect the economic future of women to every community.