The Hill News

Last week, Congress made an unprecedented commitment to financial transparency and good governance in a sector that not only affects American wallets but also some of the most vulnerable communities around the world. An historic measure, included as part of the Dodd-Frank financial reform legislation passed by the House and Senate, will make disclosure of payments from oil and mining companies to governments around the world a legal requirement, increasing financial transparency in the oil, gas, and mining industry and helping to reduce the corruption, mismanagement, and conflict that are too often associated with natural resource extraction booms.

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