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A growing number of nonbank financial firms also market their own wealth management products and invest the money with little disclosure of where the money goes.
ERISA also requires plan sponsors to provide each participant with account statements, which typically include gross costs but little or no disclosure of where they end up.
I also applaud Poehler for the full disclosure of where her nannies hail from.
The bill is based on the UK's Companies Act, which requires shareholder authorization of corporate political expenditures before the money is spent, as well as clear disclosure of where the money went.
Disclosure of where all that money comes from runs the gamut from nondisclosure of at least $300 million in dark money spent by so-called social welfare organizations on election-related activities, to quarterly reporting by congressional candidates and joint fundraising committees, to monthly reporting by parties and presidential candidates.
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McCauley charged that the Jarvis group (then known as the California Tax Reduction Movement) should have been making regular disclosures of where it was getting its money and how it was being spent.
Presidents going back to the beginnings of the nation have asserted privileges unique to the presidency, often in the cause of resisting disclosure of information where they believed it would erode the confidentiality necessary to fulfill their constitutional duties.
The new regulatory regimes require better, and faster, disclosure of incidents where data has been impacted.
This will probably trigger discussion within the peer group, aimed at critical reflection towards own prescription strategies for elderly patients and facilitating disclosure of areas where individual improvements may be desirable.
Meanwhile the BJP's leader Kiran Bedi tweeted that the disclosures were evidence of where India's "national wealth, meant for infrastructure and nation-building" had gone.
That's one of the reasons that he advocates an even more radical form of disclosure, where scientists make all their results and materials available online via initiatives like his Open Science Framework.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com