Story thread · 2 reports / 2 sources

Trump Proposes Revoking SEC’s Decades-Old Pay-to-Play Rule

commondreams.org · 6dShare

President Donald Trump and his recently appointed U.S. Securities and Exchange Commission Chair Paul Aitkins are proposing to rescind the pay-to-play rule. The rule prohibits investment advisers and their officers from making or soliciting campaign contributions above a small threshold to government officials responsible for awarding investment contracts to those advisers for two years prior or during the contracting period. Craig Holman, Ph.D., government affairs lobbyist for Public Citizen , released the following statement: “In a stunning and completely out-of-the-blue new proposal, President Trump and SEC Chair Aitkins are seeking to overturn a highly successful and decades-old anti-corruption rule. Trump’s proposal comes on the heels of – nothing. There have been no new problems with the rule and no new reasons for its repeal, though investment advisers have never particularly cared for it. The effort to rescind the pay-to-play rule is simply the latest extension of the Trump admi

First report: Trump Moves to Make It Easier to Bribe Public Officials — newrepublic.com, 6d