PWYP-US was launched in 2004 and has focused its work on mandatory disclosures. The key piece of relevant legislation in the US is the Cardin-Lugar provision in the Dodd-Frank Act, which was passed into law in July 2010, and which obliges all US listed companies to publish what they pay in the countries in which they operate. However, the law has yet to come into effect so PWYP-US is monitoring the SEC’s implementation of the rule. PWYP-US was also instrumental in the US’s moves to join EITI and now plays a role in its multi-stakeholder group (MSG).
As a result of a recent lawsuit against the US Securities and Exchange Commission (SEC), the SEC released a proposed rule on December 11, 2015. The SEC released the final rule on June 27, 2016. Read more about the rule here.
In May 2016, PWYP-US launched the Extract-A-Fact project (www.extractafact.org) – a collaborative space for blogs, visualizations and training resources focused on using extractive sector payment transparency data.
To stay up to date – follow PWYP US on twitter: @PWYPUSA