April 30, 2012

Subject: Comment on File Number 4-637

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.

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.

As a stockholder, I fully expect the companies I have an equity interest in to disclose how they are using my money in the political and how they expect it to impact the fortunes of the company. They have to disclose leases and other financial aspects of their operations. There is NO REASON they should be allowed to secretly sabbotage my equity position with political contributions designed to disenfranchise me!

Thank you for considering my comment.

Sincerely,

James Vaughan