Nullifies an SEC rule which required resource extractors to disclose payments made to governments for the commercial development of oil, natural gas or minerals.
This joint resolution nullifies the “Disclosure of Payments by Resource Extraction Issuers” rule finalized by the Securities and Exchange Commission on July 27, 2016. (The rule, mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas, or minerals.)
Original sponsor: Rep. Huizenga, Bill [R-MI-2]
Passed House: http://clerk.house.gov/evs/2017/roll072.xml
Related bill: SJRES 9 (Identical bill; has not passed the Senate)