A notice in the Federal Register yesterday provided details on upcoming public listening sessions and initiated a new comment period for the United States Extractive Industries Transparency Initiative’s (USEITI) Stakeholder Assessment, which was published last Friday. USEITI is the U.S. implementation of, well, “regular” EITI, a global coalition of governments and companies that sets standards [...]
Archive for the ‘Dodd-Frank’ Category
17 May
Oxfam American Sues Securities and Exchange Commission Over Pokey Rulemaking
As reported by E2 Wire’s The Hill, as well as Oxfam itself, the International relief and development organization has recently filed a lawsuit in U.S. District Court for the District of Massachusetts against the SEC for “unlawfully delaying the issuance of a Final Rule implementing a provision of the Dodd-Frank Act that requires disclosure of payments [...]
22 Dec
Two “Big Deal” Final Rules Released: Mine Safety Disclosure and Mercury and Air Toxics Standards
December 21st marked a day of great regulatory importance as both the SEC and EPA released final versions of rules that have been in the works for years. The SEC published Final Rule 33-9286, “Mine Safety Disclosure,” – which implements Section 1503 of the Dodd-Frank Act – a grandiose 364 days after the proposed version [...]
4 Nov
Early (very early) Adopters of Mine Safety Disclosure
Even though the SEC’s Mine Safety Disclosure rule has been stuck in an adolescent state of proposedness for almost an entire year, it hasn’t stopped some companies from getting a leg up on complying. Well, one company. Just a few months ago, Monarch Cement Co, a Kansas-based manufacturer and seller of “portland” cement, became the [...]
16 Aug
API Cries “Too Expensive” Over Dodd-Frank’s Section 1504
If it’s not one thing about Dodd-Frank, it’s another. A recent post on The Hill’s E2 Wire Blog talks about the latest backlash against Dodd-Frank – this time from the oil industry. On August 11th, the American Petroleum Institute sent a letter to the SEC complaining about Section 1504 of the Dodd-Frank Act, which would [...]
10 Aug
Dodd-Frank Versus The Congo
When Bono spoke out in support of Sections 1502, 1503, and 1504 of the Dodd-Frank Act, chances are he had no idea that these well-meaning provisions would have such a detrimental effect. Section 1502 in particular, which requires public companies to disclose their use of “conflict minerals” originating in the Democratic Republic of the Congo, [...]
2 May
SEC’s “Conflict Minerals” Rules Delayed
A recent Client Alert from King & Spalding reminds us that regulations under Section 1502 of the Dodd-Frank Act – which were originally expected to be adopted no later than April 15, 2011 – will now likely be delayed until August 2011. Section 1502, “Conflict Minerals,” requires public companies to disclose: “whether any conflict minerals [...]
29 Dec
SEC to Specialized Corporate Disclosers: Achtung Baby!
It’s been three months since we profiled Bono and his support for the provisions of the Dodd-Frank Act that require disclosure from public companies in the oil, gas, and mineral industries. Luckily for the U2 front man, the SEC has finally published proposed versions of the rules required by these sections of the Act. Specifically, [...]
21 Sep
Bono sings praises of Dodd-Frank’s hidden provisions
Tucked in among its thousands of pages of financial reform, the Dodd-Frank Wall Street Reform and Consumer Protection Act contains three sections that will change disclosure obligations for companies in the oil, natural gas, and minerals sectors. The Cardin-Lugar Energy Security Through Transparency provision, authored by Senators Benjamin Cardin and Richard Lugar and adopted earlier [...]
