Subject: File No. S7-42-10 - Comment from John Duczek

February 11, 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.

My Comment:

The poor of the countries which have vast amounts of oil will never get a fair deal of the Oil wealth unless there are no secret deals where money goes to the rich and powerful in those countries. There needs to be total transparancies of all monies. It is the only way to ensure proper wealth distribution.

John Duczek