H.J.Res. 41: Providing for congressional disapproval of a rule submitted by the Securities and Exchange Commission relating to “Disclosure of Payments by Resource Extraction Issuers”.
SUMMARY: The rule is part of the implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010 that was passed to protect us after the economic crash of 2008. The rule would require publicly-traded U.S. energy companies to disclose in their financial filings any payments to foreign governments. We call this one the “Be Nice to Exxon, Russia, and Tillerson Resolution.”
Paulson Voted – Yes on the resolution to get rid of the rule.
TAKEAWAY: Yet another example of Paulsen putting corporate interests over ordinary citizens by allowing corporations to hide their “payments” (aka bribes?) to foreign governments. Come on Erik! What are these energy companies afraid of? Why can’t they show us the payments they make to Russia et al? Inquiring minds want to know!