Sens. Back Dodd-Frank Mineral Disclosure Rule In DC Circ.

Law360, New York (January 18, 2013, 1:57 PM EST) -- A trio of lawmakers on Thursday hit back at several business groups' challenge to a Dodd-Frank Act provision requiring companies to disclose payments to foreign governments for petroleum resources, telling the D.C. Circuit that the groups had wrongly questioned Congress' authority to implement the rule.

In an amicus brief filed with the circuit court, Sens. Benjamin Cardin, D-Md., and Carl Levin, D-Mich., as well as former Sen. Richard Lugar, R-Ind., argue that Congress has the authority to require resource companies to disclose information on payments made...
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