Subject: Comment on File Number 4-637

January 18, 2012

Corporations have an unfair advantage in that they possess millions (of shareholders money at times) so I am deeply concerned about the influence of corporate money on our electoral process. We should know who is funding politicians and why.

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.

Frances Topping