The following Letter Type T, or variations thereof, was submitted by individuals or entities.
Letter Type T:
Securities and Exchange Commission
Dear Securities and Exchange Commission,
I am writing to urge you to return rule #4-637 to the 2014 rulemaking agenda for swift enactment. This rule, requiring public companies to disclose political spending, is essential in order to make our policy processes more transparent and hold companies accountable for their political influence.
Companies can significantly influence important public policy by contributing to organizations like trade and business associations and other dark money groups without accountability for these actions. With no requirement for disclosure of these indirect political donations, the public is left in the dark about how companies are using their money to hinder policies that are in the public interest.
This proposed rule has received more comments and public support than any other SEC rule — from citizens, investors, and others concerned about the lack transparency in how these dollars are being spent. Commissioners should not ignore this overwhelming public support and cave to pressure from dark money groups who prefer to be backed by secret donors. We need to strengthen our democracy through greater transparency about who is actually influencing our public policy decisions.
Please enact rule #4-637. Thank you.