Sec. 8. Public-private partnership to build responsible gold value chains
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The Administrator of the United States Agency for International Development (referred to in this section as the Administrator ), in coordination with the Governments of Colombia, of Ecuador, and of Peru, and with other democratically elected governments in the region, shall consult with the Government of Switzerland regarding best practices developed through the Swiss Better Gold Initiative, a public-private partnership that aims to improve transparency and traceability in the international gold trade.
The Administrator shall coordinate with the Governments of Colombia, Ecuador, Peru, and other democratically elected governments in the region determined by the Administrator to establish a public-private partnership to advance the best practices identified in subsection (a), including supporting programming in participating countries that will— support formalization and compliance with appropriate environmental and labor standards in ASM gold mining; increase access to financing for ASM gold miners who are taking significant steps to formalize their operations and comply with labor and environmental standards; enhance the traceability and support the establishment of a certification process for ASM gold; support a public relations campaign to promote responsibly sourced gold; facilitate contact between vendors of responsibly sourced gold and United States companies; and promote policies and practices in participating countries that are conducive to the formalization of ASM gold mining and promoting adherence of ASM to internationally recognized best practices and standards.
The Secretary of State or the Administrator, without delegation and in coordination with the governments of participating countries, should— host a meeting with senior representatives of the private sector and international governmental and nongovernmental partners; and make commitments to improve due diligence and increase the responsible sourcing of gold.