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.
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.
If the corporations want to keep the monies spent secret, are they ashamed of it? Are they afraid of the people know exactly what they stand for? It is important for us to know which political candidates are in whose pockets.
Please don't let this secrecy go on.
Thank you for considering my comment.
Mary Kay Hennessey