A joint resolution providing for congressional disapproval under chapter 8, of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to the disclosure of payments by resource extraction issuers.

Bill: 115-sjres-9
Sponsor: full_name: Sen. Inhofe, James M. [R-OK]
Introduced: 2017-01-30
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

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Securities and Exchange Commission (SEC)
Latest action: action_date: 2018-05-15
text: Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-322.

Summaries:
action_date: 2017-01-30
action_desc: Introduced in Senate
text: <p>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,&nbsp;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.)</p>

tv_txt: IIA 115th CONGRESS 1st Session S. J. RES. 9 IN THE SENATE OF THE UNITED STATES January 30, 2017 Mr. Inhofe (for himself, Mr. McConnell , Mr. Rounds , Mr. Cassidy , Mr. Roberts , Mr. Barrasso , and Mr. Lee ) introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to the disclosure of payments by resource extraction issuers.

That Congress disapproves the rule submitted by the Securities and Exchange Commission relating to the disclosure of payments by resource extraction issuers (81 Fed. Reg. 49360 (July 27, 2016)), and such rule shall have no force or effect.