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North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

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The post Luton Reels From Closure of Vauxhall Car Factory After 120 Years Due to Government Net Zero Targets appeared first on The Daily Sceptic.

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The post America’s Revolt Against DEI Wokery is Just Getting Started appeared first on The Daily Sceptic.

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Of Course Net Zero Requires Telling People ?How to Live Their Lives? Wed Nov 27, 2024 07:00 | Ben Pile
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The post Of Course Net Zero Requires Telling People “How to Live Their Lives” appeared first on The Daily Sceptic.

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Voltaire, International Newsletter N?108 Sat Nov 16, 2024 07:06 | en

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Trump Voids Dodd-Frank 1504 Transparency Rule

international | politics / elections | press release

Wednesday February 15, 2017 14:42

by Greg Williams

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President Trump signed into law Congressional action to void requirements that the oil, gas and mining industries report financial activity in countries where they operate.

President Trump signed into law Congressional action to void requirements that the oil, gas and mining industries report financial activity in countries where they operate. The bipartisan 1504 "Cardin-Lugar amendment" to the 2010 Dodd-Frank Wall Street Reform Act instructed the Securities and Exchange Commission to create this disclosure rule.

"In the short term, we lost a tool that can help track the billions of dollars lost to corruption and tax evasion in the developing world,” noted Eric LeCompte, Executive Director of Jubilee USA, a religious development organization. “Resource rich countries are particularly vulnerable to the kind of corruption that the Cardin-Lugar amendment threatened to expose.”

The House of Representatives and Senate passed this resolution in a quick series of votes in early February under the Congressional Review Act. The Securities and Exchange Commission, which initially wrote the rule, now has a legislative mandate to write a new rule. According to the Congressional resolution, the new rule cannot be 'substantially similar' to the old one.

"Now we need to be sure that the new rule that the Securities and Exchange Commission writes will be a rule that can still stop corruption,” commented LeCompte, who serves on United Nation expert groups that focus on finance. ‎"Improving financial transparency and ending global poverty are two sides of the same coin.”

Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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