February 9, 2012
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
Because of the Supreme Courtís ruling in Citizens United v. Federal Election Commission, the voices of ordinary citizens are drowned out by a flood of special interest money.
Until we can stop those with no concern beyond their bottom line from ruining this nation in the quest for larger and larger profits, Americanís have a right to know the political spending of publicly traded corporations. Disclosures should be posted promptly on the SECís web site.
America is now being sold to the highest bidder and we citizens have a right to know who that bidder is and what and who their unlimited funds have allowed them to acquire.
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Courtís ruling in Citizens United v. Federal Election Commission, publicly traded corporations can conceal expenditures of shareholder funds on politics.
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 about corporate political spending and which candidates it is being used to promote or attack. Disclosures should be posted promptly on the SECís web site.
Thank you for considering my comment.