Political Quotes

“Mr. President, I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To require the disclosure of payments by resource extraction issuers) On page 1187, line 9, strike ``effective.'' insert the following: ``effective. Subtitle K--Resource Extraction Issuers SEC. 995. FINDINGS. Congress finds the following: (1) It is in the interest of the United States to promote good governance in the extractive industries sector. Transparency in revenue payments benefits oil, gas, and mining companies, because it improves the business climate in which such companies work, increases the reliability of commodity supplies upon which businesses and people in the United States rely, and promotes greater energy security. (2) Companies in the extractive industries sector face unique tax and reputational risks, in the form of country- specific taxes and regulations. Exposure to these risks is heightened by the substantial capital employed in the extractive industries, and the often opaque and unaccountable management of natural resource revenues by foreign governments, which in turn creates unstable and high-cost operating environments for multinational companies. The effects of these risks are material to investors. SEC. 996. DISCLOSURE OF PAYMENTS BY RESOURCE EXTRACTION ISSUERS. Section 13 of the Securities Exchange Act of 1934 (15 U.S.C.…”