Subject: Comment on File Number 4-637

Novenmber 26, 2012

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. As a shareholder in a corporation, I should be able to know the political causes/politicians that corporation supports, so that I can sell my stock if I don't like the positions the corporation is supporting. This is purely a disclosure issue--and it does not involve burdensome accounting, reporting, or any of the other excuses corporations use to avoid such types of disclosure.

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.

Thank you for considering my comment.


Joan Drake Durham