S. 5416 aims to amend the Securities Exchange Act of 1934 to enhance transparency in the disclosure of payments made by companies that extract resources, such as oil, gas, and minerals. It directs the Securities and Exchange Commission (SEC) to require companies to report...
Simple Explanation
This bill wants companies that take things like oil and minerals from the ground to tell everyone how much money they pay to different governments around the world, so people can see and understand these payments better.