Resource Extraction Rules Coming Next Summer, SEC Says

By Ed Beeson (October 2, 2015, 8:44 PM EDT) -- The U.S. Securities and Exchange Commission told a Massachusetts federal court Friday that it plans to finalize by next summer new rules requiring oil, gas and mining companies to disclose payments to foreign governments, but that the process won't be easy and is fraught with uncertainty.

The agency's timetable came in response to a judge's order last month that it stop dragging its heels on writing and finalizing a rule required by the Dodd-Frank Act.

Ruling in a suit by Oxfam America Inc., U.S. District Judge Denise Casper that the SEC had unlawfully withheld action on the disclosure rule and gave...

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