USA – Corporate law and corporate governance

Section III: Additional National Action Plan Commitments

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Table 1: Expanding and Coordination on Responsible Business Conduct

“Through the Public-Private Alliance for Responsible Minerals Trade (PPA), the U.S. Agency for International Development (USAID) will promote increased alignment of industry operations and governance mechanisms to the OECD Guidance and local governance expectations; amplify insights from high-quality independent data that identify key barriers to impactful due diligence; and test and analyze solutions to these challenges. The PPA is a global partnership between civil society, the USG, and the private sector to leverage members’ knowledge, networks, and experience to inform global responsible minerals sourcing.” (p.17)

Table 5: Workers’ Rights Commitments

“ILAB will launch an online RBC and Labor Rights Information Hub to communicate a clear point of view, expectations for RBC, and a whole-of government approach to labor rights throughout business operations and supply chains of U.S. companies. The RBC InfoHub will provide a central repository of USG agency guidance, tools, and resources to facilitate and incentivize adoption of effective corporate accountability models and practices relevant to labor rights outcomes in business supply chains as well as with U.S. government procurement and accountability officers to facilitate efforts to conduct due diligence.” (p.32)

Table 7: Anti-Corruption Commitments The Department of the Treasury will “continue to implement the Corporate Transparency Act (CTA) to enhance beneficial ownership transparency for legal persons in the United States. […] On January 2024, FinCEN launched a beneficial ownership filing system pursuant to the CTA. Under this new framework, many companies operating in the United States are now required to report information to FinCEN about their beneficial owners […]. This effort will make it more difficult for illicit actors […] to misuse opaque corporate structures like shell companies to launder the proceeds of crime.” (p.37-38)