March 28, 2014
SEC
I am deeply concerned about the influence of corporate money on our electoral process.
Ever since the Supreme Court's Citizens United decision in 2010, the corroding influence of corporate political spending in this country has mushroomed. What was once a deeply unsettling, deeply undemocratic force has escalated into a genuine crisis, as corporations now are free to fund political candidates, causes, PACs & other organizations literally without limit; virtually drowning out the voices and wishes of ordinary Americans in an unprecedented, virtual flood of dark, dirty money. It has to stop. The future of our country is at stake.
I call upon the SEC to issue a new rule immediately, requiring full disclosure of all funds spent by public corporations in the U.S. in pursuit of political activities & objectives. Every dollar should be accounted for, right down to the penny. Corporations must be required to publicly disclose these contributions in full & complete detail, to be posted in the conspicuous places - i.e. in a prominent area of the corporate website, and in normal font size in a conspicuous segment of the corporate annual report.
Thank you for considering my comment.
Sincerely,
Michael Kniat