Page:United States Statutes at Large Volume 124.djvu/2247

124 STAT. 2221 PUBLIC LAW 111–203—JULY 21, 2010 extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals, including— ‘‘(i) the type and total amount of such payments made for each project of the resource extraction issuer relating to the commercial development of oil, natural gas, or minerals; and ‘‘(ii) the type and total amount of such payments made to each government. ‘‘(B) CONSULTATION IN RULEMAKING.—In issuing rules under subparagraph (A), the Commission may consult with any agency or entity that the Commission determines is relevant. ‘‘(C) INTERACTIVE DATA FORMAT.—The rules issued under subparagraph (A) shall require that the information included in the annual report of a resource extraction issuer be submitted in an interactive data format. ‘‘(D) INTERACTIVE DATA STANDARD.— ‘‘(i) IN GENERAL.—The rules issued under subpara- graph (A) shall establish an interactive data standard for the information included in the annual report of a resource extraction issuer. ‘‘(ii) ELECTRONIC TAGS.—The interactive data standard shall include electronic tags that identify, for any payments made by a resource extraction issuer to a foreign government or the Federal Government— ‘‘(I) the total amounts of the payments, by category; ‘‘(II) the currency used to make the payments; ‘‘(III) the financial period in which the pay- ments were made; ‘‘(IV) the business segment of the resource extraction issuer that made the payments; ‘‘(V) the government that received the pay- ments, and the country in which the government is located; ‘‘(VI) the project of the resource extraction issuer to which the payments relate; and ‘‘(VII) such other information as the Commis- sion may determine is necessary or appropriate in the public interest or for the protection of inves- tors. ‘‘(E) INTERNATIONAL TRANSPARENCY EFFORTS.—To the extent practicable, the rules issued under subparagraph (A) shall support the commitment of the Federal Govern- ment to international transparency promotion efforts relating to the commercial development of oil, natural gas, or minerals. ‘‘(F) EFFECTIVE DATE.—With respect to each resource extraction issuer, the final rules issued under subparagraph (A) shall take effect on the date on which the resource extraction issuer is required to submit an annual report relating to the fiscal year of the resource extraction issuer that ends not earlier than 1 year after the date on which the Commission issues final rules under subparagraph (A). ‘‘(3) PUBLIC AVAILABILITY OF INFORMATION.—