From: Leahy for Senate
February 1, 2012
Securities and Exchange Commission
Dear Commission,
Right now, Super PACs don't have to disclose their unlimited corporate donations. That means they can keep the public in the dark about who's funding the attack ads that bombard their TV screens daily.
That's why I'm joining with the 14 United States senators who formally asked you to use your regulatory authority to require that corporations disclose their spending in elections.
SEC: Exercise your regulatory authority to require public disclosure of corporate political contributions.
When President Obama gave the State of the Union address to Congress for 2010, I believe, he Criticized the Supreme Court's decision concerning the Citizens United pointing out that corporations could now spend millions of dollars in secret, at the expense of share holder, The Chief Justice mouthed the words, "NOT TRUE" as he shook his head. Either he truly believed that corporations would not spend hundreds of millions in secret super paks, or he thought they should be allowed to do this. Meanwhile, if I donate $50 to a canidate, I am asked to give my name, address, enployment status, etc. I don't lmind giving my info, because it helps keep things honest.
Clearly, what corporations are now allowed to do is wrong. I understand that you have the power to require corporations to disclose Super Pak "donations". Please do so. I will stop the corporations from buying their politicians.
Sincerely,
John Neville