By: George M Wilson & Carol A. Stacey
On February 14, 2017 President Trump signed the law eliminating the resource extraction payment disclosure provisions of the Dodd Frank Act.
From:
www.whitehouse.gov/the-press-office/2017/02/14/president-trump-cutting-red-tape-american-businesses
GETTING GOVERNMENT OUT OF THE WAY: Today, President Donald J. Trump signed legislation (House Joint Resolution 41) eliminating a costly regulation that threatened to put domestic extraction companies and their employees at an unfair disadvantage.
H.J. Res. 41 blocks a misguided regulation from burdening American extraction companies.
By halting this regulation, the President has removed a costly impediment to American extraction companies helping their workers succeed.
This legislation could save American businesses as much as $600 million annually in regulatory compliance costs and spare them 200,000 hours of paperwork.
The regulation created an unfair advantage for foreign-owned extraction companies.
As always your comments and thoughts are welcome.
What’s next conflict minerals CEO Pay Ratio??
Hi George!!!
Hi Bill! You are so right! ResourceExtractionCEOPaymentsConflictClawback rule? Got to love this stuff. Hope life is treating you well!
I’m doing well! Miss you man! Hope our paths cross again 🙂
Me too! Take care and have a great spring!