“In Citizens United v. Federal Election Commission, Justice John Paul Stevens, joined by Justices Ruth Bader Ginsburg, Stephen Breyer and Sonia Sotomayor, concurred in part and dissented in part, writing that Congress’s “‘careful legislative adjustment of the federal election laws … warrants considerable deference'” and that “we should instead start by acknowledging that ‘Congress surely has both wisdom and experience in these matters that is far superior to ours.'” However, “[t]his is not to say that deference would be appropriate if there was a solid basis for believing that a legislative action was motivated by the desire to protect incumbents or that it will degrade the competitiveness of the electoral process.” In Part II of this series, we will review the history of financial reporting by the federal government to appreciate the extent of Congress’s abdication of its constitutional responsibility and the unconstitutional takeover of financial reporting by the executive branch.” Joseph Marren, The Statement and Account Clause and Citizens United: Part II, JURIST – Sidebar, Feb. 2, 2013, http://jurist.org/sidebar/2013/02/joseph-marren-cu-part2.php.
*President and Chief Executive Officer of KStone Partners LLC, and is an excerpt of the second part of an Article that originally appeared in Jurist about the history of financial reporting by the federal government. The full article is available here.
