April 29, 2012
Dear members of the Securities and Exchange Commission:
In California we have put a bill before our state government, the DISCLOSE ACT, A.B. 1648, which will require funders of political ads to reveal their identity.
I am asking that the U.S. government do the same.
I urge the SEC 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.
I believe it should be within the power of the public to revoke corporations' charters if they do not comply with this rule.
Thank you for considering my comment.