March 29, 2014
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, every damn penny. Since we cannot stop the corporations from "donating" (I call it bribing), and we cannot stop politicians from taking those "donations"
(bribes), we should at least have transparency of to whom the money is "donated" (to whom those bribes are given).
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.
Thank you for considering my comment.