Congressional Review Act – Fact Sheet

What is the Congressional Review Act?The Congressional Review Act (CRA) (5 U.S.C. §§801-808) was enacted in 1996 and established a mechanism through which Congress can overturn a rule promulgated by a federal agency. Congress is given 60 ‘working days’ once the regulation is submitted to Congress to consider the rule and vote on a ‘resolution of disapproval’. To be successful,…

Cardin-Lugar Provision Fact Sheet – 2017

In 2010, in an effort to empower citizens, better protect and inform investors, reverse the resource curse, and strengthen U.S. national and energy security, Senator Patrick Leahy (D-VT) introduced the Cardin-Lugar Amendment to the Dodd-Frank Act of 2010 (Section 1504). The Securities and Exchange Commission released strong, fair final rules in June 2016. Read the single page fact sheet. Read…

Oil, Gas and Mining Transparency Advocates Join the Data Revolution

This post originally appeared on the 2016 International Open Data Conference blog on October 5, 2016. This post also appears on Extract-A-Fact ​2016 is an historic year for transparency advocates and data geeks alike. After fourteen years of campaigning by the global Publish What You Pay (PWYP) coalition, laws requiring oil, gas and mining companies to publicly disclose project-level payments…

How PWYP-Indonesia is Turning Extractives Transparency into Accountability

The Importance of Project by Project Disclosure Indonesia’s vast natural resources wealth includes oil, gas, bauxite, silver, and gold. Indonesia is the world’s second largest tin producer, and one of the top five producers of copper and nickel. The extractives sector plays an outsized role in the Indonesian economy: in 2014, oil, gas, and minerals were responsible for a third…

Senate and Investor Champions of Section 1504 React to Strong SEC Final Rule

Champions of Section 1504 of the Dodd-Frank Act react to the release of the Security and Exchange Commission’s Final Rule. “Today is a watershed moment as the United States reclaims its position as a leader in the effort to increase global accountability and transparency. This final rule will enable citizens and local civil society organizations to hold government leaders accountable…

SEC Releases Strong Oil, Gas and Mining Transparency Rule and Restores US Leadership – June 27, 2016

Download this press release as a pdf Read The Final Rule FOR IMMEDIATE RELEASE: June 27, 2016 Contact: Jana Morgan, Director – jmorgan@pwypusa.org Office 202-496-1189 – Mobile 703-795-8542 SEC Releases Strong Oil, Gas and Mining Transparency Rule and Restores US Leadership Washington, D.C. – Publish What You Pay – United States (PWYP-US) celebrates today’s release by the Securities and Exchange…

Project-level reporting is necessary for accountability

The Publish What You Pay-United States coalition along with global partners have advocated on the importance of project-level reporting requirements in transparency regulation governing the extractives sector. Civil society organizations committed to transparency and accountability have made clear that to effectively carry out their work payment disclosures are only meaningful when made at the appropriate level of specificity. Over the…