January 10, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
Like many, I believe that our electoral process is broken. Campaigns are corrupted, infected with special-interest contributions. The Supreme Court has said that such contributions cannot be limited. But, at least for now, their disclosure can be compelled. And as Supreme Court Justice Louis Brandeis has said, "Sunlight is said to be the best of disinfectants."
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.
Thank you for considering my comment.
Sincerely,
Donald S. Rosanelli