Promoting transparency of natural resource revenues in resource-rich developing countries to help combat corruption, encouraging democracy and accountable government in such countries, and ensuring energy security through a more stable operating environment in such countries.
Latest action · Oct 18, 2006 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried. A simple resolution is the business of one chamber alone: it is not sent to the other chamber or to the President, and does not become law.
- IntroducedSep 12, 2006
- Agreed to in HouseNot reached
Summary
Expresses the sense of the House of Representatives that the U.S. government should: (1) support and participate in the Extractive Industries Transparency Initiative (EITI) and assist African countries in implementing EITI or in adopting resource revenue transparency policies; (2) work with the international community to develop a monitoring process for nonmining natural resources, such as timber; (3) require natural resource extraction companies to disclose natural resource revenue payments on a country-by-country basis; (4) consider a government's substantive efforts or failure to ensure revenue transparency for critical natural resource sectors when determining eligibility for U.S. trade preference programs; (5) support disclosure of resource revenues and ex-ante disclosure of foreign investment contracts underpinning extractive sector projects, making such disclosures a condition of support for financing by the United States Overseas Private Investment Corporation and the Export-Import Bank of the United States; and (6) work with international financial institutions to require resource revenue and contract transparency as a condition for lending or assistance to resource-rich developing countries.
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Sep 12, 2006 to Nov 14, 2006; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Diane E. Watson | Original | Sep 12, 2006 |
| D-NJ | Donald M. Payne | Sep 20, 2006 | |
| D-OR | Earl Blumenauer | Sep 20, 2006 | |
| D-NY | Gregory W. Meeks | Sep 20, 2006 | |
| D-MA | James P. McGovern | Sep 20, 2006 | |
| R-VA | Jo Ann Davis | Sep 20, 2006 | |
| R-AR | John Boozman | Sep 20, 2006 | |
| D-MI | John Conyers, Jr. | Sep 20, 2006 | |
| D-CA | Lynn C. Woolsey | Sep 20, 2006 | |
| R-MN | Mark R. Kennedy | Sep 26, 2006 | |
| R-IA | James A. Leach | Nov 14, 2006 |
Committees 3
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Foreign Affairs Committee | Referred Sep 12, 2006 |
| House | Financial Services Committee | Referred Sep 12, 2006 |
| Domestic Monetary Policy and Technology Subcommittee | Referred Oct 18, 2006 | |
| House | Ways and Means Committee | Referred Sep 12, 2006 |
Actions 3
Everything that happened, newest first.
- Oct 18, 2006Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
- Sep 12, 2006Introduced in House
- Sep 12, 2006Referred to the Committee on International Relations, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Research
What has been written about this resolution: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this resolution, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 109-636 | THE LEGISLATIVE PRESENTATION OF PARALYZED VETERANS OF AMERICA, THE BLINDED VETERANS OF AMERICA, THE NON-COMMISSIONED OFFICERS ASSOCIATION, THE MILITARY ORDER OF THE PURPLE HEART, AND THE JEWISH WAR VETERANS OF THE USA62 pages | Veterans' Affairs Committee | Mar 9, 2006 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- Promoting transparency of natural resource revenues in resource-rich developing countries to help combat corruption, encouraging democracy and accountable government in such countries, and ensuring energy security through a more stable operating environment in such countries.
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Africa
- Africa (Sub-Saharan)
- American investments
- Business records
- Commerce
- Corporate accountability
- Corporate corruption
- Developing countries
- Economic assistance
- Export finance
- Financial disclosure
- Foreign investments
- Foreign loans
- Foreign Trade and International Finance
- Government ethics
- Government Operations and Politics
- Government paperwork
- International Affairs
- Investment guaranty insurance
- Lumber trade
- Middle East and North Africa
- Mines and mineral resources
- Mining royalties
- Oil and gas royalties
- Petroleum industry
- Public corruption
- Public Lands and Natural Resources
- Tariff preferences
- Technical assistance
- Timber sales
Text 1
Each version as it was printed, newest first.
- Sep 12, 2006Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.