From: Michael Vaughn
Sent: March 19, 2016
Subject: RE: Disclosure Effectiveness Review

Campaign funding without transparency is patently ridiculous. Please help reverse this travesty. The SEC and its commissioners should continue to work on a rule requiring political disclosure from public companies, in the interests of their shareholders. Businesses should not be empowered to use backdoor political channels like nonprofits or associations to do their political bidding, and shareholders have a right to know how executives are using company resources for political purposes — especially if those purposes are against shareholders' interests.

Only an incredibly naive person would believe such donations don't come with some implicit expectation of a quid-pro-quo. Please help end this political nonsense now.

Michael Vaughn

San Antonio, TX