April 3, 2013
It is critical that the Securities and Exchange Commission promptly acts to require ALL publicly traded corporations to publicly disclose to what candidates all their political spending was directed this year.
We must end the secrecy of “Dark money” groups that accept contributions from corporations, but are not required to publicly identify their corporate donors. Political positions must not be subject to the insidious clandestine pressures. We know that corporate groups spent millions of dollars during the 2012 elections, giving us a dysfunctional congress that has been porven ineffective in doing the bidding of Americans.
The Supreme Court’s ruling in Citizens United v. Federal Election Commission created the loophole that enables this secret spending. We are counting on the SEC to use its authority to close it.
We are calling upon the SEC to arrange disclosure/ posting of corporate campaign funding expenditures promptly on the SEC’s web site, and thus available to both shareholders and the public. Thus the amounts spent and the corporate donors actions to promote or attack the respective candidates will be clear and available. The sources and campaign money trail must become transparent. Campaign funding transparency is essential to the survival of our representative form of government. Thank you.
Blue Bell, PA