Robert Menendez

Dems: If Corporate Donations Are Free Speech, Let Shareholders Speak Too

Igor Bobic | July 13, 2011, 3:45PM

Sen. Bob Menendez (D-NJ)

Congressional Democrats introduced a bill today that would take some of the sting out of last year's controversial Citizens United decision by empowering shareholders to weigh in before a corporation makes any political contribution.

The Shareholder Protection Act is a last ditch-effort by Democrats to stem the tide of unlimited political expenditures that corporations will surely use to influence the 2012 election, and one wisely crafted on the conservative premise that shareholders' wallets ought to have the same level of free speech protection as the corporations they helped create.

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