March 28, 2014
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.
It seems for the 2016 presidential election our country now has a billionaire who says he plans on choosing a candidate for President and will bank roll him or her so he can have his own way in the White House. Someone like me who has only a small amount of money that can be given to candidates feels that I have no say in this process - not
with money and only with my one vote. Disclosure is important but I
would like to see Citizens United reversed.
Thank you for considering my comment.