April 17, 2012
I, among other Real Americans (as opposed to the Fox News simulation), am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, thanks to the Supreme Court’s ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor’s money on political activity in camera.
I am writing to pray urge the Securities and Exchange Commission to timely issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public have the right 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 timely, clearly and conspiciously on the SEC’s web site and on the Investors' Information page of corporate websites.
Thank you for considering my comment.
Larry Reed
Winona, MN