February 12, 2012
Dear SEC Commissioners,
Please do not give in to industry pressures on Section 1504 of the Dodd-Frank Act (the Cardin-Lugar Amendment) - and make sure that ALL companies are covered, every country and every project gets reported, and loopholes that would allow large sums of money to go unreported are closed.
My Comment:
Most of us now know that these practices are just "part of doing business," but the toll this kind of behavior has taken on the world in general, and on the most vulnerable of us in particular, has reached the point where it is intolerable and can no longer be accepted. Sooner or later there will be catastrophic consequences, and it may be well be sooner rather than later. Something has to be done now.
Owen Waite