Subject: File No. 4-637
From: Susan Shellar

January 14, 2013

Securities and Exchange Comm.

Dear Securities and Exchange Comm.,

I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.

Thank you for considering my comment.
I review companies spending when considering a project in my home. There is no reason for me to do business with companies who are biting my hand when it comes to environmental and labor issues and certainly shareholders have a strong right to know about these things as well; web searches do not divulge enough of this information and maybe less since my last search a couple years ago. Transparency is a must in a just society.


Susan Shellar