U.S. Senator Mark Kirk (R-Ill.) today introduced the SEC Overpayment Credit Act (S.3461) to give the U.S. Securities and Exchange Commission (SEC) authority to credit national securities exchanges and other self-regulatory organizations for fees and assessments that have been overpaid to the regulator in the past ten years. The SEC has identified approximately $3.4 million in overpaid fees by the exchanges over the past ten years. However, they contend they do not have the authority to offset past years’ overpayments against future years’ payments.
“As a matter of good governance, agencies of the federal government should not keep money that does not belong to them. The exchanges play a vital role in our economy and they should be made whole. This legislation will directly impact Chicago by compelling the SEC to return $154,000 in overpaid fees to the Chicago Stock Exchange,” said Senator Kirk.
President Barack Obama will visit Chicago on Oct. 9 to raise money for Democratic U.S. Senate candidate Tammy Duckworth, a campaign official said Wednesday.
The $1,000-a-ticket fundraiser will be held at the Stony Island Arts Bank in the Grand Crossing neighborhood. The maximum donation is $12,700, which gets the donor a photo opportunity. Hosts include Obama Foundation Chairman Martin Nesbitt and wife Dr. Anita Blanchard.
American Unity PAC, a federal super political action committee backing Republicans who support gay rights, said it’s launching a digital ad buy through Google to help re-election-seeking Republican U.S. Sen. Mark Kirk.
The group said it has dedicated $125,000 to Google’s online platforms, including YouTube, to run an ad about atrocities the Iranian government allows to be committed against women, Christians and gays.
The ad is based on Duckworth’s support of the U.S.-led effort to reach a deal aimed at curbing Iran’s ability to develop a nuclear weapon.
“Tammy Duckworth supported giving billions to that regime without concessions for human rights violations. When we had leverage, Tammy Duckworth didn’t stand up for the vulnerable,” a woman narrator says.
Locked in my vote for Duckworth today, albeit this vote was more about voting against Mitch McConnell as Senate Majority Leader than anything else for me. Here’s hoping Hillary’s surge coming right as early voting opens in Illinois helps retire Kirk, no matter how adversely it may affect the Chicago Stock Exchange.