Subject: File No. 4-637
From: Andrew Phillips

May 8, 2013

Dear members of the Securities and Exchange Commission:

Corporations maybe legal entities, but they are NOT people. Requiring them to disclose their political activity is good for the public and for shareholders. For the public, it lets everyone know whose money is supporting a given position or candidate. For shareholders it informs as to whether corporate funds are being spent for reasons contrary to the desires of the shareholders, the mission statement of the company, or any combination of the two.

Please make disclosure of corporate political spending mandatory, with penalties to encourage all corporate officers want to be compliant.

Andrew Phillips
Orford, NH