Subject: File No. S7-42-10
From: Valerie Shubert

February 12, 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:

it's not only necessary to reveal what's paid (and to whom), but also to change the rules so that ordinary people get a seat at the table when deals are made. Please establish a board which solicits...and responds to, comments and complaints.

Valerie Shubert