November 7, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
I support a rule by the Securities and Exchange Commission that would require publicly traded corporations to publicly disclose all their political spending. More than half of the S&P 100 companies already voluntarily disclose their political spending to investors. Such a rule requiring such reporting would be no real burden on corporations, and would be especially beneficial to our democracy.
I am deeply concerned about the influence of corporate money on our electoral process. The public is unfairly left out by the Supreme Court's ruling in Citizens United v. Federal Election Commission, allowing publicly traded corporations to spend unlimited amounts investor's money on political activity in secret.
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.