November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
We are deeply concerned about the influence of corporate money on our electoral process.
In particular, We are 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.
We are 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.
Concealed spending on candidates and political activity continues to corrupt public officials and policy to the detriment of the American Public and American Business. We have seen this where private monopolies were aided by elected officials reducing competition in critical industries resulting in higher prices and rates while service declines. This does no good for the America economy.
Thank you for considering our comments.
Sincerely,
David and Rosa Maria Williams