Jenner & Block

“SEC Proposed Resource Extraction Disclosure Rates,” Jenner & Block

In this article, Jenner & Block Partners Jolene E. Negre and William L. Tolbert, Jr.  and Associate Mark A. Reinhardt examine the implications of new disclosure rules re-proposed by the US Securities and Exchange Commission.  The rules would require resource extraction issuers to disclose payments to the US federal government or foreign governments, including foreign subnational governments, for the commercial development of oil, natural gas or minerals.  The proposed rules would implement the statutory mandate of Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.