May 28, 2013
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 – and to do so this year.
While the Supreme Court's decision in Citizens United v. FEC opened the door for corporations to spend on elections - a terribly misguided decision equating corporations with people in one very important respect - the justices also said that rules on disclosure were perfectly constitutional.
Shareholders put their own money into these corporations. It's only fair that they should know where that money is going. And if a consequence is that corporations decline to spend money on political activity, then so be it. We do not need more money in politics anyway.
I urge you to take action immediately and require corporations to disclose all political spending.
Zach BernsteinWashington, DC