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.
My Comment:
They say sunlight is the best disinfectant, and not only that, it sheds light on the truth! As the Securities and Exchange Commission, I expect that you work for we citizens as a whole, and do what is right bringing to light the truth of activities involving oil companies and payouts to governments and their leaders in other countries. Checks and balances keep justice and fairness at the forefront of arrangements, please do your part to ensure fairness and openness in these transactions, and end closed-door deals. Section 1504 was written to help guide your agency in maintaining transparency, we expect it to be followed to ensure that justice, fairness, and truth be told to all.
Chuck Kottke