April 2, 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.
Today's Supreme Court decision is the continuation of the downfall of democracy in our country! Wealthy individuals should not be the ones to decide our elections based on their massive contributions. These people, in most cases, do not speak for me or many of my fellow citizens. The only way we can fight back in to know who is spending to buy candidates and elections. We must be able to make our decisions based on this knowledge as it will no longer be possible to trust that someone is just being bought and not doing the will of the majority of Americans. Please issue a rule on this extremely important issue that will keep ALL Americans equal in the electoral process.
Thank you for considering my comment.
Sincerely,
Kim Croft