Sending a strong signal as to the rule's potential fate, the
Acting Chairman's call for comments refers to the rule as
"misguided." The statement notably includes a long
paragraph pointedly calling into question whether implementation of
the rule has addressed the humanitarian objectives originally set
forth by Congress in enacting Section 1502:
The disclosure requirements have caused a de facto
boycott of minerals from portions of Africa, with effects far
beyond the Congo-adjacent region. Legitimate mining operators are
facing such onerous costs to comply with the rule that they are
being put out of business. It is also unclear that the rule has in
fact resulted in any reduction in the power and control of armed
gangs or eased the human suffering of many innocent men, women, and
children in the Congo and surrounding areas. Moreover, the
withdrawal from the region may undermine U.S. national security
interests by creating a vacuum filled by those with less benign
The Acting Chairman then states "[g]iven these facts on the
ground, I believe that it is essential to hear from interested
persons on all aspects of the rule and guidance." Comments on
the rule may be submitted here. No
specific deadline has been provided.
Michael Piwowar was appointed Acting Chairman of the SEC on
January 23. Jay Clayton has been nominated to serve as SEC Chairman
by President Trump, but his confirmation hearing has not yet been
To view Foley Hoag's Corporate Social Responsibility
Blog please click
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
As all aspects of business inexorably shift toward online, it is not surprising that intellectual property infringement, cybersquatting, and related internet abuses abound. Luckily, there are various procedures available by which aggrieved companies can seek relief short of litigation.
Foley Hoag will present a 60-minute webinar on Thursday, March 16 at 12:30 pm EDT offering guidance for in-house counsel regarding internet takedowns and domain name disputes, including identifying which procedures are available in which situations, along with the nuts and bolts of domain name disputes and complaint procedures on popular platforms such as Facebook, Twitter, and Yelp.
On February 1, 2017, the FERC approved a settlement agreement between its Office of Enforcement and GSEMNA resolving Enforcement's investigation into whether GSEMNA violated the Commission's Anti-Manipulation Rule.
President Donald J. Trump took swift action on his second full day in office to sign an executive order directing federal agencies to act quickly on approvals for high priority infrastructure projects, but existing law may slow down the fast track he seeks.
Brattle economists have authored an article published in the July 2016 issue of The Electricity Journal that analyzes the implications that the introduction of demand charges could have on customer bills...
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).