Subject: File No. 4-637
From: Arthur Pierce

September 07, 2012

Dear members of the Securities and Exchange Commission:

I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.

CEOs are now able to keep both the public and their own shareholders in the dark about the use of company funds for political ends. That needs to end. We should be able to see that there is fundamental fairness in making sure that campaign contributions are divided evenly between the major parties.

Both shareholders and the public must be fully informed as to how much the corporation spends on politics, to whom the contributions are made, and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.

Quite frankly, I do not want to own shares in a publicly traded company that spends funds for political purposes where there is A DISPROPORTIONATE AMOUNT OF SUCH FUNDS GIVEN TO ONE PARTY OVER ANOTHER.

Thank you for considering my comment.


Arthur Pierce