Public Law 115-4: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of a rule submitted by the Securities and Exchange Commission relating to “Disclosure of Payments by Resource Extraction Issuers”.

By | July 3, 2018
Seal of the U.S. Securities and Exchange Commission.

Seal of the U.S. Securities and Exchange Commission.

Nullifies an SEC rule which required resource extractors to disclose payments made to governments for the commercial development of oil, natural gas or minerals.

Official Summary

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.)

Passed House
2017-02-01
Passed Senate
2017-02-03
Signed by President
2017-02-14
Became Public Law
2017-02-14

Amendments

None.

Sponsors

Original sponsor: Rep. Huizenga, Bill [R-MI-2]

Votes

Passed Senate: http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?&congress=115&session=1&vote=00051

Passed House: http://clerk.house.gov/evs/2017/roll072.xml

Related bill:  SJRES 9 (Identical bill; has not passed the Senate)

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