January 13, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
I consider disclosure a consolation for what really needs to be done, which is to pass an amendment to abolish the Citizens United decision. The Supreme Court's interpretation leading to this atrocity borders on illiteracy. Declaring businesses to be the equal of individual voters is unconsionable. Try doing something right for a change and get rid of this decision that has allowed corporate America to buy the government and control the elections.
Thank you for considering my comment.