Statement of Senator Richard G. Lugar (Ret.) on the SEC's release of final Section 1504 Cardin-Lugar rule on extractives industry transparency


June 27, 2016

“I am pleased that the SEC has released a strong rule for the Cardin-Lugar Amendment that will allow America to reassert its leadership in transparency and government accountability efforts. I have appreciated the opportunity to continue working over the past few years with my former colleague and Ranking Member of the Senate Foreign Relations Committee Senator Ben Cardin. I also commend the leadership of organizations like Oxfam America and Publish What You Pay advocating for a strong Section 1504 rule. The release of the final rule highlights the need for a bipartisan approach in the Congress and the follow-through, sometimes over many years, necessary for implementing thoughtful legislation.”