Subject: File No. S7-42-10 - Comment from Bob Alders

February 22, 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:

Oil is a major resource in many countries and has the potential to add big benefits to the well-being of the societies where oil is found. It is a major disaster when the profits of oil are siphoned off by the leaders of these countries thanks to under the table agreements with big oil companies who profit by essentially bribing their leaders. Please release the rules for Section 1504 with no exemption and no loopholes.

Bob Alders