Amid the punditry over whether the financial reform bill will be effective, the measure received a ringing endorsement last week from the only expert that may matter (to some people, at least): Bono.
The lead singer of U2, and founder of the antipoverty group ONE, lauded the bill for including an amendment by Sen. Ben Cardin, D-Md., and Sen. Richard Lugar, R-Ind., that would require companies listed on the New York Stock Exchange to disclose what they pay foreign governments for extracting oil, gas and other resources.
The amendment "is a great lever to support more transparency and healthier governance in poor countries," Bono said in a press release issued Thursday by ONE.
ONE had been lobbying for the amendment since May, when according to the organization, it had generated more than 1,000 calls from members and supporters for the legislation.
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