The U.S. House Financial Services Committee voted 33-27 Wednesday to repeal a bipartisan anti-corruption safeguard — Section 1504 of the Wall Street Reform and Consumer Protection Act of 2010 — in a move that was criticized by the Financial Accountability and Corporate Transparency (FACT) Coalition.  Sponsored by former Sen. Richard Lugar (R-IN) and Sen. Ben Cardin (D-MD), Section 1504 deters global corruption and protects U.S. national security by requiring oil, gas, and mining companies that file an annual report with the Securities and Exchange Commission to disclose their country and project-level payments to host governments each year...

Earlier this week, the FACT Coalition sent a letter to members of the House Financial Services Committee in opposition to H.R.4519, the bill to repeal Cardin-Lugar.  The letter can be found here