To require the Securities and Exchange Commission to require public companies to disclose their payments to foreign governments for the purposes of natural resources exploration, development, and extractions rights.
Democracy Development Act of 2004 - Directs the Securities and Exchange Commission to require certain public companies to disclose in annual and quarterly reports aggregate payments of $250,000 or more made in connection with the securing of exploration, development, exploitation, extraction, and production rights for natural resources (oil, gas, and minerals) to any foreign government or any other public entity of foreign countries.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
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