January 18, 2012
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.
Personally, if it was my retirement plan money that was being spent on political campaigns, I would be raising hell. These corporations are spending millions of dollars to get "corporate candidates" elected, and the money, technically, isn't even theirs to spend! The SEC needs to step in and expose this hidden influence.
Thank you for considering my comment.
Lincoln City, OR