April 3, 2014
SEC
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investors' money in secret.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
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.
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Personally I am sure that corporations should not be making political donations or making media presentations. The maximum personal donation to a political party should be limited to one-hundred dollars (efficient grass roots movements do just fine with donations of less).
At Least, a candidate should be required to clearly and conspicuously list, in printed media, or verbally state in video media, all of his his corporate sponsors and the amounts of their contributions.
Real simple, Really transparent!
Be safe and well!
Carl
Thank you for considering my comment.
Sincerely,
Carl James