April 29, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending. As both a shareholder and a citizen I want to 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. But very few corporations are likely to do this voluntarily for fear it will give other corporations an advantage.
As a shareholder, I want to know if the corporation I own is wasting its money on a frivolous campaign. As a consumer, I want to know if I am buying products from a corporation that is working against my interests. A rule requiring public disclosure would serve both of these purposes.
Thank you for considering my comment.