November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
I believe that full disclosure is a must in our political system. The perception of most Americans is that our entire government is severely corrupt. Allowing corporations to continue to hide the amount of money they spend to influence candidates only strengthens this view.
Transparency is a must if we hope to avoid this country following the path of the ancient Roman Empire and destroying itself through greed and self interests. This is a small step towards that transparency.
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.