Bloomberg Law
Jan. 7, 2020, 11:38 AM

ANALYSIS: SEC Tries to Solve CRA Conundrum on Resource Payments

Peter Rasmussen
Peter Rasmussen
Legal Analyst

The long and winding road of the SEC’s extractive resource payment disclosure rule took another turn last month with the emergence of yet another proposed rule. The SEC had to walk a tightrope between duplicating the rule requirements that Congress invalidated in 2017 while still complying with the Dodd-Frank Act mandate to act in this area. The resulting proposal may successfully respect the congressional disapproval resolution, but it does little to implement the spirit of the Dodd-Frank disclosure mandate.

This is the third iteration of the rule to emerge from the statutory mandate enacted in 2010 in Section 1504 ...

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