‘‘(v) an entity controlled by the state, 
such as a state-owned oil company, and its 
agents. 
‘‘(B) CATEGORY OF PAYMENT.—The term 
‘category of payment’, for any payment or 
transfer, means the one of the clauses (i) 
through (viii) of subparagraph (G) that most 
closely describes such payment or transfer. 
‘‘(C) EXTRACTION.—The term ‘extraction’ 
means any one or more of the following: 
‘‘(i) the search for any natural re-
source, in its natural deposits and original 
locations; 
‘‘(ii) 
the 
acquisition 
of 
property 
rights, licenses, or properties for the pur-
pose of further exploration or for the pur-
pose of removing any natural resource 
from existing deposits on those properties, 
or both; 
‘‘(iii) the construction, drilling, and 
production activities necessary to retrieve 
any natural resource from its natural de-
posit, and the acquisition, construction, in-
stallation, and maintenance of field gath-
ering and storage systems, including lifting 
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any other natural resource to the surface 
and gathering, treating, field processing 
and field storage; 
‘‘(iv) the transportation of any nat-
ural resource through the territory of any 
foreign country by any means; 
‘‘(v) the export of any natural re-
source from an intermediary country; or 
‘‘(vi) the acquisition of any conces-
sion, permission, permit, right, or other 
authorization from a foreign government 
necessary or desirable to conduct any of 
the activities described in the preceding 
clauses of this subparagraph. 
‘‘(D) FOREIGN COUNTRY.—The term ‘for-
eign country’ means any country other than the 
United States. 
‘‘(E) FOREIGN GOVERNMENT.—The term 
‘foreign government’ means the government of 
any foreign country. 
‘‘(F) NATURAL
RESOURCES.—The term 
‘natural resources’ means— 
‘‘(i) oil and gas reserves, metal ores, 
gemstones, industrial materials, coal; and 
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‘‘(ii) any other commodity of commer-
cial value produced by the extraction of 
natural resources, in its natural or refined 
state, that the Securities and Exchange 
Commission shall by regulation determine 
should be subject to the reporting require-
ments of this subsection in order to carry 
out the purposes of this subsection due to 
the significance of the amounts being paid 
therefore by one or more issuers. 
‘‘(G) PAYMENTS.—The term ‘payments’ 
means any transfer or payment of any kind, ei-
ther direct or indirect, and irrespective of the 
amount, and in any form whatsoever, includ-
ing— 
‘‘(i) host government’s production en-
titlements; 
‘‘(ii) national state-owned company 
production entitlements; 
‘‘(iii) profits taxes; 
‘‘(iv) royalties; 
‘‘(v) dividends; 
‘‘(vi) bonuses (such as signature, dis-
covery, or production bonuses); 
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‘‘(vii) license fees, rental fees, entry 
fees, and other considerations for licenses 
or concessions; and 
‘‘(viii) other benefits to the foreign 
government or the agency or instrumen-
tality of the foreign government that have 
a value of not less that $100,000.’’. 
(b) DEADLINE.—The Securities and Exchange Com-
mission shall prescribe the modifications to its rules re-
quired by section 13(m) of the Securities Exchange Act 
of 1934 (as added by the amendment made by subsection 
(a) of this section) within 90 days of the date of enactment 
of this Act, and shall make such modifications effective 
with respect to the annual reports of issuers with respect 
to the fiscal years of issuers ending on or after January 
1, 2009. 
(c) PUBLIC AVAILABILITY OF INFORMATION.—The 
Securities and Exchange Commission shall, by rule or reg-
ulation, provide that the information filed by all issuers 
pursuant to such section 13(m) be compiled so that it is 
accessible by the public directly, and in a compiled format, 
from the website of the Commission without separately ac-
cessing on the EDGAR system the annual reports of each 
issuer filing such information. 
Æ 
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