Financial Rules

Sec Rules Implementing Dodd-frank in 2013

United States views on international law [1] in relation to Sec Rules Implementing Dodd-frank: (As reviewed in this legal encyclopedia in relation to international law issues in the year 2012) at 410-12, the U.S. Securities and Exchange Commission (“SEC”) adopted two final rules in 2012 that were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). Rule 13p-1, adopted to implement Section 1502 of Dodd-Frank, requires certain public companies to publicly disclose their use of conflict minerals that originated in the Democratic Republic of the Congo (“DRC”) or an adjoining country. Rule 13q-1, adopted to implement Section 1504 of Dodd-Frank, the “Cardin-Lugar amendment,” requires companies engaged in the commercial development of oil, natural gas, or minerals to disclose payments made to governments for the commercial development of resources. In 2013, the United States government defended these rules in multiple legal challenges brought in U.S. courts.

Resources

Notes

1. Sec Rules Implementing Dodd-frank in the Digest of United States Practice in International Law