February 9, 2012
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
As are most citizens, I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Courtís ruling in Citizens United v. Federal Election Commission, publicly traded corporations can conceal expenditures of shareholder funds on politics.
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 about corporate political spending and which candidates it is being used to promote or attack. Disclosures should be posted promptly on the SECís web site.
If we shine a spot light on this money, maybe we can redirect it to education or other programs that could actually do some good for the country.
Thank you for considering my comment.