May 8, 2012
Dear Securities and Exchange Commission,
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. I am extremely concerned about the impact of unlimitied anonymous political donations on the future of our democracy. This primary election season has clearly demonstrated that most of this corporate money is going into negative and misleading political ads. Corporations must be accoutable to their shareholders and under current rules they are not.
Both shareholders and the public must be fully informed as to how much a corporation spends on politics and which candidates they are promoting or attacking. Disclosures should be posted promptly on the SEC's web site.
Thank you for considering my comment.
Sincerely,
Gregory Patrick