Erasing History One Forgotten Political Expenditure at a Time

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Please continue to send e

Please continue to send e-mails in support of the petition to rule-comments@sec.gov. Include File Number 4-637 in the subject line. Copy and paste my comments or write your own:

Mr. Brent J. Fields, Secretary
Securities and Exchange Commission
100 F Street, Northeast
Washington, D.C. 20549
Re: File Number 4-637.

Dear Mr. Fields:

I am an individual investor concerned with how the corporations I invest in are spending corporate funds on political activities. I write in support of a petition by the Committee on Disclosure of Corporate Political Spending, File Number 4-637. In Citizens United v. FEC the US Supreme Court noted that shareowners could “determine whether their corporation’s political speech advances the corporation’s interest in making profits” and could discipline directors and executives who use corporate resources inconsistently with shareowner interests.

However, unless shareowners can easily access information about a company’s political speech and expenditures we will be unable to know whether such speech “advances the corporation’s interest in making profits” and will be unable to discipline directors and executives. The rulemaking sought by the petitioners would address that issue by giving shareowners the information we need to hold the managers and directors of our companies accountable.

Surely, three years and more than a million comments later, it is time for the SEC to act.

Progressive.org more than 2 years ago

I'm glad that Ciara discussed

I'm glad that Ciara discussed the role of the SEC and FCC. Both could issue rules transforming the political climate. She covered the SEC well. As far as the FCC is concerned, they could issue rules not only requiring on-line disclosure but ON-AIR Ad disclosure along the lines of the recent California and other state level proposed legislation.

Progressive.org more than 2 years ago

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