Subject: File No. 4-637
From: Michael Kramer

December 3, 2013

It is doom to democracy if you drop (from your agenda) the rule requiring publicly traded corporations to disclose their political spending.

It is in the interests of both shareholders and the public to be fully informed of corporate expenditures on politics. Disclosures should be posted promptly on the SEC’s web site.

Thank you for your consideration.

Michael Kramer

San Francisco, CA