Despite receiving a record-setting deluge of 600,000 public comments, the Securities and Exchange Commission is unlikely to address rulemaking that would require companies to disclose their spending on politicians and lobbying efforts.

According to reporting by the Washington Post, the SEC will not include political disclosures in its forthcoming report on rulemaking priorities for 2014. Each year, prior to the start of the year, the Commission details it's expected pace of rule making in a report to the White House's Office of Budget Management.

The push for political spending disclosures initiated with a Petition for Rulemaking filed by a team of 10 prominent law professors. Robert Jackson, an associate professor at Columbia Law School, and Harvard Law School Professor Lucian Bebchuk spearheaded the effort in 2011.

This isn't the first time that the rulemaking has been the target of rumors. Earlier this year it was widely expected that, by spring, a proposal was imminent. That speculation proved unfounded, however. Since that time, former Chairman Mary Schapiro, a supporter of the proposal, departed and was replaced by Mary Jo White. White, hasn't directly addressed her views on the call for these new disclosures, but has signaled in public remarks that some social issue disclosure demands have the potential to be a distraction from the Commission's core duties and obligations.