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Wednesday April 16th 2014

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Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

Frustrating Day for Crowdfunding at the Senate

Frustrating Day for Crowdfunding at the Senate

1 Dec

Today was a frustrating day for Crowdfunding. The Senate Banking Committee, one of the most powerful committees on Capitol Hill held a hearing called, ‘Spurring Job Growth Through Capital Formation While Protecting Investors.’ It should have been called, ‘Why We Need to Stop Americans From Investing $1,000 into their Community Entrepreneurs.’

Anyone attending today’s hearing could tell it was to listen to special interests and regulators talk about the risks inherent in investing under the current system and why we need to protect consumers. There was no discussion about protecting people from spending their $1,000 paycheck on a lottery ticket, gambling it on Red in Vegas, nor spending more than that on their credit cards and being locked into interest payments upwards of 36% on the balance. For some reason, the only area they feel we need to provide prudent consumer protection is when a person is making a decision where they want to invest their money. Why? Because the expectation is different. Yes, we expect to win the lottery. Oh wait, no we don’t.

Read more: www.startupexemption.com http://www.startupexemption.com/archives/189#ixzz1gH5MaAbY

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