Anticorruption confusion

Department of State support of an antibribery rule adopted last August by the Securities and Exchange Commission makes the US government appear incoherent on the important issue of transparency. A DOS spokesperson on Jan. 10 issued a statement backing SEC's requirement that companies in extractive industries disclose payments to non-US governments property by property. The American Petroleum Institute, Independent Petroleum Association of America, US Chamber of Commerce, and National Foreign Trade Council are challenging the rule in the US Court of Appeals for the DC Circuit. The statement noted that Sec. of State Hillary Clinton considers corruption to be a national security issue and sa...

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