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 and the company's quarterly and annual SEC documentation intended for public viewing.

If a corporation has to disclose everything from executive compensation to their overall risks and corporate strategies in their SEC documents, then the investing public should be aware of political contributions being made. Shareholders have a right to know how the funds are being spent, both the amount and the nature, as it will shape their decision to invest in that company or not.

Thank you for considering my comment.


Rachel Presser