Democrats Block SEC Nominees

[cal04]

Source: US News

Opposition from top Senate Democrats has stalled two of the president's nominees to the Securities and Exchange Commission.

Opposition from top Senate Democrats Thursday stalled two of the president's nominees to the Securities and Exchange Commission over whether the nominees support requiring publicly-traded corporations to disclose political spending.

Nominees Lisa Fairfax, a Democrat, and Hester Peirce, a Republican, had waffled on the issue. Democratic Sens. Charles Schumer of New York and Elizabeth Warren of Massachusetts were among four Senate Banking Committee Democrats opposing the nominees, which led Banking Committee Chairman Richard Shelby, R-Ala., to postpone a vote that had been set for Thursday.

Schumer said both nominees are "fence-sitting" on whether to force corporations like Koch Industries to reveal their political giving. Republicans succeeded in blocking the proposal through in last year's catch-all spending bill.



Read more: http://www.usnews.com/news/business/articles/2016-04-07/democrats-block-sec-nominees-over-political-money-fight

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Schumer, Warren oppose Democrat pick to join SEC
http://www.marketwatch.com/story/schumer-warren-oppose-democrat-pick-to-join-sec-2016-04-07

(snip)
At least four Democrats on the committee said they would vote against Fairfax: Sen. Charles Schumer of New York, Sen. Robert Menendez of New Jersey, Sen. Jeff Merkley of Oregon and Sen. Elizabeth Warren of Massachusetts. A fifth senator, Republican Tim Scott of South Carolina, also said he opposed her nomination.

[annabanana]

1. kick . . .n/t

[Eleanors38]

2. I'll second that. Kick

[dhill926]

3. good...

[JudyM]

4. Why isn't Obama tuning in to this with his nominating selection process?

"Opponents have maintained that political spending isn't the kind of relevant information that shareholders need to know about a company."

Are you bloody kidding me??? How many hundreds of shareholder resolutions do we have to have to get the point across that it absolutely does matter?

[elljay]

7. Because Obama is not a progressive

and never has been, especially where corporations are involved.

[JudyM]

12. And he just keeps moving farther right all the time...

[Ferd Berfel]

5. I dont' know anything about either of these two

but I trust Warren's judgement. If she is against them - so am I.



and after the TPP bullshit I dont' trust Obama at all.

[Skwmom]

6. Oh, you can tell it is an election year. Otherwise, it would be smooth sailing. n/t

[LS_Editor]

8. I think Warren would stick to her guns even if it wasn't. Not Schumer, though.

[Skwmom]

13. I'll give you that one. Definitely not Schumer. Does he really think he is fooling anyone?

[LS_Editor]

9. I am rooting for Obama's Supreme Court nominee to not be approved.

An insult to the left.

[jomin41]

10. Schumer? Odd.

[Scuba]

11. No more revolving door!