H.J.Res. 41

Bill Information
Key Votes on H.J.Res. 41
Roll Call
About The Keyvote

This resolution of disapproval of the Congressional Review Act nullifies the Securities and Exchange Commission's Disclosure of Payments by Resource Extraction Issuers rule. Promulgated under the authority of the Wall Street Reform and Consumer Protection Act, or Dodd-Frank, this rule requires resource extraction issuers to include in annual reports the payment of any entity controlled by the regulated business to foreign governments or the United States government "for the purpose of the commercial development of oil, natural gas, or minerals." The Securities and Exchange Commission projects initial compliance costs between $239 million and $700 million and annual compliance costs between $96 million and $591 million.