Financial Transparency Coalition

THE ECONOMIST—CONGRESSMEN working late into the summer nights to overhaul America’s system of financial regulation were surprised when Bono started lobbying them. Yet the rocker-cum-campaigner helped to insert a far-reaching change into the legislation they were drafting. It has nothing directly to do with America’s financial mess, but it will push forward the fight against corruption in the developing world, a cause which has made some much-needed progress recently.

Our friends at Revenue Watch have just finished translating the Publish What You Pay / Country-by-Country Reporting provisions of the Dodd-Frank Wall Street Reform legislation into Arabic, Chinese, French, Russian and Spanish. Section 1504 of the recent Dodd-Frank Act requires country-by-country and project-by-project reporting by all extractive companies listed on the SEC. Read / download (PDF) the translations below:

• Arabic | عربي
• Chinese | 中文
• French | Français
• Russian | Русский
• Spanish | Español

U.S. President Applauds New SEC Reporting Requirement, Vows to Campaign for Adoption of Similar Global Regulation Last Wednesday, as President Obama’s signature graced the Dodd-Frank Wall Street Reform and Consumer Protection Act, the long-awaited overhaul of the financial regulatory system finally became the law of the land. This included a small but important provision, the Energy Security Through Transparency (ESTT) amendment, which is designed to increase transparency in extractive industries by requiring oil, gas, and mining companies registered with the Securities and Exchange Commission...