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. I don't want to support companies whose political activities result in fewer economic options for me and less support for me in my later years. The social security administration already punishes me for having chosen to become a teacher, and many large corporations support even further cuts. Whoever thought a corporation is an individual is deranged.
Thank you for considering my comment.
Sincerely,
Peggy Ross