Publication Date
2-1-2013
Document Type
Article
Organizational Units
Sturm College of Law
Keywords
Dodd-Frank act, Resource extraction rule, Disclosure of payment, Securities, Securities law
Abstract
Tucked into the Dodd-Frank Wall Street Reform and Consumer Protection Act are several provisions having nothing to do with financial regulation. One of these 'miscellaneous' provisions required the US Securities and Exchange Commission (SEC) to implement rules requiring publicly traded resource extractive industry companies to disclose payments made to foreign governments. In August 201Z the SEC adopted final rules to achieve that purpose. InOctober 2012, the US Chamber of Commerce, as part ofa coalition of business and other interests, filed suit to block the implementation of the rules. This article explains the contents of the resource extraction rule and the legal challenge levied against it.
Publication Statement
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Originally published as Celia R. Taylor, Disclosure of Payment Under the U.S. Dodd-Frank Act: The ‘Resource Extraction Rule”, 31 J. Energy & Nat. Resources L. 55 (2013).
Recommended Citation
Celia R. Taylor, Disclosure of Payment Under the U.S. Dodd-Frank Act: The ‘Resource Extraction Rule”, 31 J. Energy & Nat. Resources L. 55 (2013).