The US must maintain its leadership role in anti-corruption efforts
WASHINGTON, DC – Senators and investor groups are urging the Securities and Exchange Commission (SEC) to act quickly in releasing a new rule for Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also known as the “Cardin-Lugar” provision, this law requires US-listed oil, gas and mining companies to publicly disclose payments to US and foreign governments on a country-by-country and project level basis.
Publish What You Pay, the global network campaigning for greater openness in the extractive sector, expressed both disappointment and disagreement with a US District Court ruling last week which orders the US Securities and Exchange Commission (SEC) to look again at its final rule implementing section 1504 of the US Dodd Frank Act.
Publish What You Pay, the global civil society coalition working for transparency and accountability in the world’s extractive industries, welcomed today’s historic plenary vote in the European Parliament in favour of new EU Transparency and Accounting Directives. The coalition also welcomed Canada’s announcement that it will establish new mandatory reporting standards for Canadian extractive companies.