February 3, 2013
Dear Members of the Securities and Exchange Commission:
I urge you to use your power to put a stop to secret political spending by corporations.
It is simply indefensible to allow corporate CEOs to keep both the public and their own shareholders in the dark about the use of company funds for political ends.
I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public should know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Corporate giants routinely launder their political spending by funneling it through politically active intermediaries like the U.S. Chamber of Commerce and the American Petroleum Institute.
So it's no surprise that these political heavyweights and other right-wing groups are fighting back and pushing hard for the SEC to abandon its plan to issue a disclosure rule on corporate political spending.
Don't give in to them. Stand up for American democracy by requiring corporations to disclose their political spending. Thank you!