Info Collection on Responsible Investment in Burma Under Review
The State Department is accepting through June 16 comments on the extension of the reporting requirements for responsible investment in Burma.
To support the State Department’s efforts to assess the extent to which new U.S. investment authorized by general license 17 furthers U.S. foreign policy goals of improving human rights protections and facilitating political reform in Burma, U.S. persons engaging in new investment in Burma must report information related to such investment. State uses the information collected as a basis for informed consultations with U.S. businesses to encourage and assist them to develop robust policies and procedures to address any potential adverse human rights, worker rights, anti-corruption, environmental or other impacts resulting from their investments and operations in Burma.
State also notes that U.S. persons to whom this information collection requirement applies will be required to submit a version of their reports for public release to promote transparency with respect to new U.S. investment in Burma.