H.Res. 995 · 109th Congress
Promoting transparency of natural resource revenues in resource-rich developing countries to help combat…
Full title
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.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SmithSponsor11 cosponsors · 7 D, 4 R
D
Watson
EB
D
Blumenauer
JB
R
Boozman
JC
D
Conyers
JAR
Ann Davis
JM
D
McGovern
GM
D
Meeks
DP
D
Payne
LW
D
Woolsey
MK
R
Kennedy
JLR
Leach1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Sep 12, 2006
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 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.
Policy area: International Affairs · Origin: House · Introduced: Sep 12, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.