May 1, 2012

Subject: Comment on File Number 4-637

Dear members of the Securities and Exchange Commission:

I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.

Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.

The approach must be three-fold if it is to have any meaning to voters and shareholders alike. It must be real time reporting in order to be timely, it must be complete disclosure to include the name of the corporate officer who is making the report (with a statement that this officer swears as to the accuracy of the information), his/her address and working phone number, AND most importantly, there must be real consequences which are expensive and immediate for failure to comply. Thank you for considering my comment.


Barbara Hendricksen