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House Poised to Repeal Global Anti-Corruption Measure


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House Poised to Repeal Global Anti-Corruption Measure

Jubilee USA Network

WASHINGTON - Within the next 24 hours, the US House of Representatives could repeal a bipartisan transparency initiative that affects the oil, gas and mining sector. The "Cardin-Lugar amendment" of the 2010 Dodd-Frank Wall Street Reform Act requires oil and mining companies to disclose financial activity and payments to governments in the countries it operates. While repeal in the House seems likely, transparency advocates hope the Senate will stop any repeal. If repeal measures pass the House and Senate, President Donald Trump would have to sign the bill to go into effect.

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