[PAA-Discuss] Bill Repealing Dodd-Frank Section 1504 Under Consideration

[JULI KRING]

New Bill Seeks to Repeal Dodd-Frank Section 1504Dear Corporate Action Network Member,
 
On Friday, Publish What You Pay US found out that the House of Representative's Financial Services committee will be considering a bill submitted by Representative Bill Huizenga.   
 
This bill (H.R. 4519) that would repeal Section 1504 of Dodd-Frank in its entirety.   
 
The elimination of section 1504 would remove the requirement that oil, gas, and mining companies listed on U.S. stock exchanges publicly disclose payments made to governments.  
 
Section 1504, known as the Cardin-Lugar provision, is a key piece of legislation that advances efforts to curb international corruption.  
 
The corruption that surrounds the extractive industries not only distorts development, entrenches poverty, and exacerbates inequality but also corrodes the rule of law, undercuts democratic governance and undermines respect for human rights.
 
While this is short-notice, we are asking you to take the immediate actions below.   
 
In solidarity,
 
Josh Kennedy What Can You Do?If your local representative sits on the House of Representative's Financial Services Committee, we're asking you to call or email them with a message similar to that below.  
 
This is particularly important if you reside in a district represented by Representatives Ed Royce (CA), Bill Huizenga (MI), Jeb Hensarling (TX), Peter King (NY), Patrick McHenry (NC), Tom Macarthur (NJ), or Warren Davidson (NJ).  
 
You can use the following script:
 
Hi, my name is X.  
 
I'm from Y and I'm calling to urge Representative Z to vote no on H.R. 4519, which would repeal the Cardin-Lugar anti-corruption law, also known as Section 1504.  
 
This is a critical law that requires oil gas and mining companies to disclose their payments to governments. Oil, gas and mining transparency is a crucial tool in US efforts to combat corruption abroad, as well as to secure our national and energy security interests.
 
 Investors with nearly $10 trillion in assets under management support this law. H.R. 4519 would undermine US national security interests and put US companies at a greater risk for corruption and extortion abroad. It also could make the US more susceptible to instability, conflict, and violent extremism.
 
Thank you,
X 
  "Everyone, as a member of society... is entitled to realization... of the economic, social and cultural rights indispensable for his [or her] dignity."
 
Universal Declaration of Human Rights, Article 22. STAY CONNECTED TO THE BUSINESS AND HUMAN RIGHTS GROUP

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