- js reader version
- email this article
- view hidden posts
- tags and related articles
by Greg Williams
Tuesday, Feb. 14, 2017 at 1:49 PM
President Trump signed into law Congressional action to void requirements that the oil, gas and mining industries report financial activity in countries where they operate.
President Trump signed into law Congressional action to void requirements that the oil, gas and mining industries report financial activity in countries where they operate. The bipartisan 1504 "Cardin-Lugar amendment" to the 2010 Dodd-Frank Wall Street Reform Act instructed the Securities and Exchange Commission to create this disclosure rule.
"In the short term, we lost a tool that can help track the billions of dollars lost to corruption and tax evasion in the developing world,” noted Eric LeCompte, Executive Director of Jubilee USA, a religious development organization. “Resource rich countries are particularly vulnerable to the kind of corruption that the Cardin-Lugar amendment threatened to expose.”
The House of Representatives and Senate passed this resolution in a quick series of votes in early February under the Congressional Review Act. The Securities and Exchange Commission, which initially wrote the rule, now has a legislative mandate to write a new rule. According to the Congressional resolution, the new rule cannot be 'substantially similar' to the old one.
"Now we need to be sure that the new rule that the Securities and Exchange Commission writes will be a rule that can still stop corruption,” commented LeCompte, who serves on United Nation expert groups that focus on finance. "Improving financial transparency and ending global poverty are two sides of the same coin.”
Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org
Report this post as:
Segregation in the City of Angels: A 1939 Map of Housing Inequality in L.A.
Justice Dept. seeking info, IDs on 1.3M visitors to protest website DisruptJ20.org
San Francisco Rally Protests Hate Crimes in Charlottesville
New Google algorithm restricts access to left-wing, progressive web sites
Tracking Twenty Years of Stockton Killings by Law Enforcement
Garcetti Cronyism - Why and How to Ignore Your LA Dog License
Nation's Worst Meltdown Was In LA
As RV towing resumes in LA, officials say program won't 'target homeless'
Class War on the Waterfront: Longshore Workers Under Attack
Limits to Growth Published Forty Years Ago
KPFK's Indy Media on Air Now on Wednesdays
Lessons From Portland’s Clashes With Fascists
Dr. Maryse Narcisse of Haiti Visits Southern California
More Local News...
Hate Groups in U.S. Sometimes Have Northern and Western Members splcenter.org
South African Officials Announce Trail of ANC Pres Zuma on 800 Counta
Abrégé de déictique
Large Scale Shootings in Kurdistan Autonous Zone Iraqi Kurdistan on Video
The Shortwave Report 10/20/17 Listen Globally!
(A-Radio) B(A)D NEWS – Angry voices from around the world – Episode 5 (10/2017)
Correction on Cambodia 1960's 1970's Domestic and Foriegn Powers
Presidential Obstruction of Justice, 108 pp
Trump is More than "Silly Tricks"
Paraphysique du capital
Sheriff Mark Lamb policing for $$$ DOLLARS $$$ at Pinal County Jail
Memories of Cambodian Genocide in 70's compare with Rohyinga Displacement into Bangladesh
Netanyahu, Tell the World the Truth!
Paraphysique de l'aposématisme
Southern California can open a key role for Palestine Israel Lens
Reem Assil has a first amendment problem
Reem Assil has a first amendment problem
Paraphysique de robotique biométrique
IMF and World Bank Meetings Begin With Growth Forecasts and Crisis Risk Warnings
Reem Assil Drops Lawsuit Against Jewish Protesters
The Shortwave Report 10/13/17 Listen Globally!
Ni de droite, ni de droite, AILLEURS !
IMF Reports Global Growth and Releases New Ways to Predict Economic Crisis
Reem’s Oakland Bakery Drops Lawsuit Seeking to Silence Protests
FEMA has the authority to order martial law and open up FEMA camps for dissident Americans
The Fairy-tale of the End of the Financial Crisis
La galénique logicienne
More Breaking News...