November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
Democracy cannot function fully if citizens can not gain access to the information they need to make informed decisions. A healthy economy -- healthy, that is, for our nation (which you may recall was created of the people, by and for the people) must also let investors, voters, and citizen-consumers have the facts so they can make responsible decisions that continue to support the economic health of the broad populace, not just an oligarchy.
Therefore, 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 investor's money on political activity 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.
Thank you for considering my comment.
Sincerely,Rev. Heather L Hanson