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.
Money available to corporations for political contributions far exceeds that available to most individual donors. Its import is far greater, and it can influence elections in ways that undermine the one individual, one vote philosophy basic to our democracy. This imbalance is unprecedented in our country.
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. Only then can the influence of big money be apprised and evaluated by the voting public.
Thank you for considering my comment.
Sincerely,
K Schimmer