SEC Rips Challenge To Energy Disclosure Rule In DC Circ.

Law360, Washington (January 2, 2013, 8:00 PM EST) -- The U.S. Securities and Exchange Commission on Wednesday slammed a challenge in the D.C. Circuit to a Dodd-Frank Act provision requiring companies to disclose what they pay foreign governments for natural gas resources, saying the rule battles the so-called resource curse.

The SEC argued that the legislative history of the controversial provision shows Congress wanted to prevent corruption and instability in foreign nations that could be sparked by interest in natural gas, oil and other resources within their borders, and claimed that groups including the U.S....
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