February 10, 2012
Dear SEC Commissioners,
Please do not give in to industry pressures on Section 1504 of the Dodd-Frank Act (the Cardin-Lugar Amendment) - and make sure that ALL companies are covered, every country and every project gets reported, and loopholes that would allow large sums of money to go unreported are closed.
Please don't allow this practice to continue. The citizens of the countries whom this affects are in desperate need of a way to make it public knowledge what type of monetary transactions are occuring between its government officials and big business oil companies. It is unfair for citizens to be deprived of basic needs while its leaders profit from the sale of their country's natural resources. Please place apprvopriate laws to begin the process of putting this practice to an end. Please do so by releasing the rules for Section 1504 with no exceptions and no loopholes. I hope that by setting such laws to keep secret deals from occuring and further harming citizens of these countries will set a key moral standard that human rights supercede industry demands and that other countries will follow suit. Thank you for your time. Please do the right thing and remove the exemptions in Section 1504 that will make the law ineffective. Stacey Quarles