Congress passes law to end secrecy in oil, gas, and mining industry

What?!? I wonder if this will affect business as usual. I wonder if this law will even be noticed. It is still amazing and should be celebrated.

But here is the article,

Congress passes law to end secrecy in oil, gas, and mining industry

Washington, DC - International humanitarian organization Oxfam America commends the US Congress for making disclosure of payments from oil and mining companies to governments around the world a legal requirement. Included as part of the Dodd-Frank financial reform legislation passed by the House and Senate, this historic measure will increase financial transparency in the oil, gas, and mining industry and help reduce the corruption, mismanagement, and conflict that are too often associated with natural resource extraction booms.
 
"Congress has made an unprecedented commitment to financial transparency and good governance in a sector that not only affects American wallets, but also some of the most vulnerable communities around the world," said Raymond C. Offenheiser, president of Oxfam America. "Secrecy of oil, gas and mining company payments to governments fosters government corruption and violent conflict in resource-rich countries that are home to more than half of the world's poorest people. Instability in these regions poses a long-term threat to national security, foreign policy, and economic interests in the United States."......