January 18, 2012
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret.
I am writing to urge the Securities and Exchange Commission 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.
I don't agree at all with Citizens United, so it even more important to require the corporations to disclose their contributions to political parties. The "people" need to know what the "non-people" or corporations are doing. How can broke private citizen like me compete with the money available to corporations. Make them disclosed every penny. Thank you.
Thank you for considering my comment.