March 28, 2014
SEC
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investors' money in secret.
I am 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.
There is an easy fix to the mess that has changed democracy as we once knew it. Money has taken away what was America's most powerful tool of all. That was: one person, one vote...a true Democratic nation for all! Please, Chairwoman White, do what is in your power to bring some fairness back into our election process. It is hard to believe you have not witnessed, or are not aware, as the rest of average citizens are, that we can't continue on this destructive path in elections.
Money should not determine the future of whether we prosper as a country and an example to the rest of the world. I belive you can make the difference that counts. Thank you.
Thank you for considering my comment.
Sincerely,
Maureen Tracey