Disclosure Requirements Quotes



Congress passes laws to accommodate so many different vested interest groups that the different clauses begin to contradict and modify others to the point that no one can understand them. In large part this is because no one person drafted the legislation and so few members of Congress actually read the legislation on which they vote.


The issue was still not decided by the beginning of the 21st Century except that a certain amount of public disclosure was required if the company raised funds by selling stock to the public, but there were some giant corporations that were private and exercised huge power and influence and yet whose operations were secret.