Subject: Comment on File Number 4-637

November 26, 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.

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. Corporations should be spending their resources to improve their businesses, and when they spend them on other activities - including support of political candidates and/or programs - the public and stockholders have a right to know how their investments are being spent in order to decide about how to direct their investments.

Thank you for considering my comment.


Philip Terrence Hopmann