The Coalition for Accountability in Political Spending (CAPS) the nation’s first and only bi-partisan coalition of public officials, institutional investors and business leaders dedicated to promoting transparency and oversight of corporate political spending. Founded in 2010 – in response to the Supreme Court ruling on Citizens United v. Federal Election Commission – CAPS members represent nearly one trillion dollars in combined pension fund assets and more than 90 million constituents.
Our Strategy & Successes:
CAPS members pressure corporations to strengthen their political spending policies through a combination of direct engagement, pension fund activism, contracting reform, regulatory action, and legislation at federal, state and local levels.
- Over the last two years, CAPS members have negotiated policy reforms for greater disclosure, restraint and transparency at some of our nation’s largest corporations including Goldman Sachs, Citibank, Morgan Stanley, JP Morgan Chase, Safeway, Sempra Energy, Marriott International, Limited Brands, and more.
- CAPS is leading in a national campaign to secure a rule change at the U.S. Securities and Exchange Commission (SEC) mandating disclosure of political spending at all publicly-traded corporations. Over the last year, CAPS has helped mobilize more than 300,000 people to support these reforms – breaking all prior records for public comments at the SEC.
- CAPS develops model policy reforms that state and local electeds and pension funds can introduce to increase disclosure and accountability in corporate political spending through contracting reform and the reporting on independent election expenditures. As the presence of SuperPACs and other intermediary spending groups expands from a federal level to state and local elections, these reforms have become more important than ever.
- In their capacity as pension fund fiduciaries, CAPS members file more than two dozen shareholder resolutions on political spending each year and have been instrumental in building shareholder and consumer pressure on corporations to adopt policy changes that strengthen oversight and disclosure. Consumer guides and cross-sector partnership are central to this strategy.
If you are interested in becoming a part of CAPS’ Network of Elected Officials, please click here to download the sign up form and return it via mail, email or fax to:
Coalition for Accountability in Political Spending
1 Centre Street, 15th Floor, New York, NY 10007
CAPS@politicalspending.org - Fax: 212.669.4701 - Tel: 212.669.8390
** CAPS treats personal contact information very seriously & will not share your contact information. **