On the recordAugust 4, 2007
my amendment is aimed at combating corruption in energy-exporting countries and promoting a global energy security. In my capacity as chairman of the Commission on Security and Cooperation in Europe, I have held a series of hearings on the issue of global energy security. I offer this amendment today as a culmination of findings from those hearings. This amendment encourages international participation in the Extractive Industries Transparency Initiative and similar efforts. This amendment will increase the accountability of where our energy comes from by urging international disclosure of energy transactions and requiring the Secretary of State to submit an annual report on EITI compliance. It also states that it is the power of the United States to decrease reliance, energy reliance on corrupt foreign governments. I thank Chairmen Lantos and Dingell and my colleagues of the U.S. Helsinki Commission and the staff of the Helsinki Commission, and mine, for their anticipated support. I urge my colleagues to vote in favor of this amendment and the underlying legislation.
Source
govinfo.gov




