42 U.S. Code § 17374 - Transparency in extractive industries resource payments
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The purpose of this section is to—
(1) ensure greater United States energy security by combating corruption in the governments of foreign countries that receive revenues from the sale of their natural resources; and
(b) Statement of policy
It is the policy of the United States—
(1) to increase energy security by promoting anti-corruption initiatives in oil and natural gas rich countries; and
(c) Sense of Congress
It is the sense of Congress that the United States should further global energy security and promote democratic development in resource-rich foreign countries by—
(1) Report required
Not later than 180 days after December 19, 2007, and annually thereafter, the Secretary of State, in consultation with the Secretary of Energy, shall submit to the appropriate congressional committees a report on progress made in promoting transparency in extractive industries resource payments.
(2) Matters to be included
The report required by paragraph (1) shall include a detailed description of United States participation in the EITI, bilateral and multilateral diplomatic efforts to further participation in the EITI, and other United States initiatives to strengthen energy security, deter energy kleptocracy, and promote transparency in the extractive industries.