U.S. Congress - S.1700 Energy Security Through Transparency Act of 2009
S.1700 - Energy Security Through Transparency Act of 2009
A bill to require certain issuers to disclose payments to foreign governments for the commercial development of oil, natural gas, and minerals, to express the sense of Congress that the President should disclose any payment relating to the commercial development of oil, natural gas, and minerals on Federal land, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to require certain issuers to disclose payments to foreign governments for the commercial development of oil, natural gas, and minerals, to express the sense of Congress that the President should disclose any payment relating to the commercial development of oil, natural gas, and minerals on Federal land, and for other purposes. as introduced.
- Short: Energy Security Through Transparency Act of 2009 as introduced.
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Committees
Official Summary
9/23/2009--Introduced.Energy Security Through Transparency Act of 2009 - Expresses the sense of Congress with respect to: (1) the establishment by foreign governments of requirements that companies under their jurisdiction publicly disclose any payments made to a government relating to theOfficial Summary
9/23/2009--Introduced.Energy Security Through Transparency Act of 2009 - Expresses the sense of Congress with respect to:(1) the establishment by foreign governments of requirements that companies under their jurisdiction publicly disclose any payments made to a government relating to the commercial development of oil, natural gas, and minerals;
(2) the U.S. commitment to global leadership of transparency in extractive industries by supporting multilateral pro-transparency efforts, bilateral good governance efforts through U.S. missions and activities abroad, implementation of extractive industries reporting requirements for companies under U.S. jurisdiction, and efforts to persuade members of the Organization for Economic Cooperation and Development (OECD) and Asia-Pacific Economic Cooperation (APEC) to adopt uniform legislation to ensure a coordinated regulatory approach; and
(3) the need for the President to commit the United States to become a Candidate Country of the Extractive Industry Transparency Initiative. Requires the Secretary of the Interior to disclose to the public any payment relating to the commercial development of oil, natural gas, and minerals on federal land made by any person to the government. Includes as a "payment" taxes, royalties, fees, licenses, production entitlements, bonuses, and other material benefits, as determined by the Securities and Exchange Commission (SEC). Amends the Securities Exchange Act of 1934 to require the SEC to issue rules requiring each resource extraction issuer (an issuer that engages in the commercial development of oil, natural gas, or minerals) to include in its annual report information relating to any payment made by the issuer, a subsidiary or partner, or an entity under its control to a foreign government for the purpose of such commercial development. Requires such rules, to the extent practicable, to support the U.S. commitment to international transparency promotion efforts relating to such commercial development. Requires the SEC, to the extent practicable, to make publicly available online a compilation of the information required to be submitted under the disclosure rules issued pursuant to this Act.
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Organizations Supporting S.1700
- Calvert Asset Management Co., Inc
- United States Conference of Catholic Bishops
- Publish What You Pay
- Global Financial Integrity
Organizations Opposing S.1700
- None via MapLight at this time.
Recent News Coverage
Congo-Kinshasa: Conflict Minerals Law
...industries. The amendment was drawn from an important piece of legislation, the Energy Security through Transparency Act, S.1700. The bill was given this title because enhancing transparency in the extractive industries can have real benefits for U.S. e
Other lands take issue seriously
...and accountability in the extractive industries. Bipartisan legislation called the Energy Security Through Transparency Act (S.1700) aims to increase accountability by requiring oil, gas and mining companies to publicly disclose payments to foreign gove
Oakland, Berkeley call for oil money transparency
...at www.ibabuzz.com/politics. Berkeley City Council last night approved a resolution urging the U.S. Senate to approve S.1700, the "Energy Security Through Transparency Act" by U.S. Sen. Richard Lugar, R-Ind., which would urge the Obama administration to
Recent Blog Coverage
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ROY HISTORICAL MUSEUM, 5550 S. 1700 West, frontage road off I-15's Exit 338. Collections include dresses dating back to the 1920s, artwork, military uniforms, geodes, railroad artifacts, a firetruck and more. ...
More things to do | Standard-Examiner – Ogden, Layton, Brigham ...
ROY HISTORICAL MUSEUM, 5550 S. 1700 West, frontage road off I-15's Exit 338. Collections include dresses dating back to the 1920s, artwork, military uniforms, geodes, railroad artifacts, a firetruck and more. ...
More things to do | Standard-Examiner – Ogden, Layton, Brigham ...
ROY HISTORICAL MUSEUM, 5550 S. 1700 West, frontage road off I-15′s Exit 338. Collections include dresses dating back to the 1920s, artwork, military uniforms, geodes, railroad artifacts, a firetruck and more. ...
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