05 February 2010

Corporate Sunshine

President Obama slam dunked US Supreme Court Justice Samuel Alito about the reckless US Supreme Court ruling on campaign finance handed down in mid-January during his recent State of the Union address.

American poet, essayist, political activist and founder of the Electronic Frontier Foundation (EFF) J.P. Barlow was hopeful
The Corporatocratic Court decision may be a blessing: it may trigger a groundswell of opposition to corporate personhood. ~J.P. Barlow, from Twitter
Some forward-thinkers in the US House, like Alan Grayson, are championing 6 bills I want keep an eye on:

The Business Should Mind Its Own Business Act (H.R. 4431): Implements a 500% excise tax on corporate contributions to political committees, and on corporate expenditures on political advocacy campaigns.

The Public Company Responsibility Act (H.R. 4435): Prevents companies making political contributions and expenditures from trading their stock on national exchanges.

The End Political Kickbacks Act (H.R. 4434): Prevents for-profit corporations that receive government money from making political contributions, and limits the amount that employees of those companies can contribute.

The Corporate Propaganda Sunshine Act (H.R. 4432): Requires publicly traded companies to disclose in SEC filings money used for the purpose of influencing public opinion, rather than for promoting their products and services.

The Ending Corporate Collusion Act (H.R. 4433): Applies antitrust law to industry PACs.

The End the Hijacking of Shareholder Funds Act (H.R. 4487): This bill requires the approval of a majority of a public company's shareholders for any expenditure by that company to influence public opinion on matters not related to the company's products or services.

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