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Title XV: 15.4 Resource Extraction Issuers Must Disclose Payments to Governments

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15.4 Resource Extraction Issuers Must Disclose Payments to Governments

 

 


15.4.     Resource Extraction Issuers Must Disclose Payments to Governments.       Any resource extraction issuer must include in its annual report all payments made to foreign governments or the Federal Government for the purpose of development of oil, natural gas, or minerals.  The SEC will issue rules within 270 days of enactment of the Act finalizing the disclosure requirements, but at a minimum, resource extraction issuers will have to state the type and amount of payments for each project made to each government. [§1504]