payment
(1) Definitions In this subsection— (A) the term “commercial development of oil, natural gas, or minerals” includes exploration, extraction, processing, export, and other significant actions relating to oil, natural gas, or minerals, or the acquisition of a license for any such activity, as determined by the Commission; (B) the term “foreign government” means a foreign government, a department, agency, or instrumentality of a foreign government, or a company owned by a foreign government, as determined by the Commission; (C) the term “payment”— (i) means a payment that is— (I) made to further the commercial development of oil, natural gas, or minerals; and (II) not de minimis; and (ii) includes taxes, royalties, fees (including license fees), production entitlements, bonuses, and other material benefits, that the Commission, consistent with the guidelines of the Extractive Industries Transparency Initiative (to the extent practicable), determines are part of the commonly recognized revenue stream for the commercial development of oil, natural gas, or minerals; (D) the term “resource extraction issuer” means an issuer that— (i) is required to file an annual report with the Commission; and (ii) engages in the commercial development of oil, natural gas, or minerals; (E) the term “interactive data format” means an electronic data format in which pieces of information are identified using an interactive data standard; and (F) the term “interactive data standard” means standardized list of electronic tags that mark information included in the annual report of a resource extraction issuer.