Tell the SEC: Shine sunlight on corporate spending in elections!


Dear Kevin

Curb the Corporate Agenda of Activist CEOs!

Tell the SEC to Expose the Hidden Influence of Corporate Money!

CEOs of massive corporations are poised to secretly funnel millions of dollars from corporate coffers toward electing corporate candidates in 2012. Join our action to stop them now!

They want to keep their spending in the dark. Thankfully, the Securities and Exchange Commission (SEC) has the authority to expose their hidden influence. But the SEC isn’t going to act without public pressure.

Tell the SEC: Shine sunlight on corporate spending in elections.

The U.S. Supreme Court’s disastrous ruling in Citizens United v. Federal Election Commission unleashed this flood of unaccountable corporate money. But the bulk of this money actually belongs to shareholders – mostly working people who have a 401k or similar retirement plan.

You may use the suggested language below without changing it. But if you write your own comment, it will be documented and read separately from those who use the sample language without revising it.

Note: Your comment and any other information you provide below will be displayed publicly on the SEC’s website or on http://www.regulations.gov.

EXAMPLE

Subject: Comment on File Number 4-637
Your Letter:

I am deeply concerned about the influence of corporate money on our electoral process.

In particular, I am appalled that, because of the Supreme Court’s ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor’s money on political activity in secret.

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.

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.

Thank you for considering my comment.

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About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
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2 Responses to Tell the SEC: Shine sunlight on corporate spending in elections!

  1. eslkevin says:

    Why Target the SEC?

    As the federal agency with the job of protecting shareholders from corporate abuse, the SEC can step in to stop Corporate America from using our retirement savings and investments as its secret political war chest.

  2. eslkevin says:

    Dear Kevin,

    The average TV viewer in South Carolina’s capital saw 182 political ads before today’s primary. But how much election coverage did local stations provide? Broadcasters don’t want to say.

    Demand to know how much election coverage you’re really getting from your local news station.

    http://act2.freepress.net/letter/election_coverage/?akid=3221.9894938.o0GT78&rd=1&t=3

    TV stations in South Carolina pocketed $11.3 million in political-ad money — and subjected viewers to an unrelenting barrage of attack ads. Media corporations profited while using our public airwaves — for free — and we have a right to know what we are getting in return. But broadcasters are fighting hard against a Federal Communications Commission proposal to create a publicly searchable database documenting all of the electoral, local and civic programming our stations air.

    Why? Maybe because they don’t want the public and the FCC to know what they’re up to. After nearly two decades of rampant media consolidation, stations are interested only in the bottom line. Real election reporting costs money, so stations tend to favor cheap, easy-to-produce segments (like coverage of sports and celebrity gossip) instead.

    We must hold our broadcasters accountable.

    http://act2.freepress.net/letter/election_coverage/?akid=3221.9894938.o0GT78&rd=1&t=3

    After today, the political-money machine will leave South Carolina and head to Florida for the next primary. By the summer, everyone in the country will have experienced a heavy dose of political attack ads.

    The question is, will we also get the election news we need to make informed choices at the polls?

    Sincerely,

    Libby Reinish
    Free Press

    In this election year, we are counting on our broadcasters to provide the election coverage we need to make informed decisions at the polls. This election coverage is one of the most important ways for broadcasters to serve the public in exchange for their free use of the airwaves.

    But real election reporting costs money, so stations tend to favor cheap, easy-to-produce segments like coverage of celebrity gossip to make ends meet.

    The FCC should require broadcasters to document their public service programming, including election coverage, in a searchable online database.

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