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US Senate Overturns Dodd-Frank Transparency Measure

The US Senate voided a rule requiring greater financial transparency in the oil, gas and mining industries by a vote of 52-47... The resolution voiding the rule has already passed the House. Now the resolution goes to President Trump, who is expected to sign it.  Eric LeCompte, Executive Director of the religious development organization Jubilee USA, [said]..."We are worried how this action will impact poor and vulnerable communities.  Congress acted hastily and didn't take the time to understand how this action affects transparency and accountability..."

Read more about the Cardin-Lugar amendment

Read the oped published on 1504 from Eric LeCompte, Jubilee USA executive director

Read the letter Jubilee USA's executive director sent to Congress on the legislation

Part of the following stories

US Congress undoes Dodd-Frank regulations on extractive industry revenue transparency

Publish What You Pay urges oil, gas & mining firms to support US law on disclosure of payments to govts. - statements of support by 13 firms