April 7, 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.
The American people have a right to know what companies are controlling the legislation in Washington and in our states. It is an outrage that these corporations overshadow the needs and desires of 99% of the American people. It is horrible that you will not do the job that you are supposed to do. Our democracy is at risk because of these favorable rules toward the wealthiest people in the US. I am a citizen and my free speech is drowned out by dollars. You must do something about it.
Thank you for considering my comment.