January 31, 2012
Securities and Exchange Commission
I'm concerned about the effect of the Citizens United decision on democracy in America. I realize that the Supreme Court is the ultimate arbiter of the law. However, when it decides by a 5-4 vote along partisan lines, I think citizens are entitled to "unite to question" the propriety of a decision. Other decision making bodies, such as the SEC, can temper ill-advised decisions by the Court that undermine the transparency that is essential for citizens to make informed choices in elections. What is being asked below is quite reasonable. America needs help from the SEC if democracy is to persist - otherwise corporations WILL rule and the cynicism of the the "Occupy" movement will grow.
Right now, Super PACs don't have to disclose their unlimited corporate donations. That means they can keep the public in the dark about who's funding the attack ads that bombard their TV screens daily.
That's why I'm joining with the 14 United States senators who formally asked you to use your regulatory authority to require that corporations disclose their spending in elections.
SEC: Exercise your regulatory authority to require public disclosure of corporate political contributions.