Case: Oxfam America v. Securities and Exchange Commission
Forcing the Securities and Exchange Commission to implement the U.S. extractive transparency law.
When the U.S. Congress passed Section 1504 of the Dodd-Frank Act directing the Securities and Exchange Commission (SEC) to issue regulations requiring oil, gas, and mining companies to disclose the payments they make to governments, it set a deadline for the SEC of April 2011. When the U.S. Congress passed Section 1504 of the Dodd-Frank Act directing the Securities and Exchange Commission (SEC) to issue regulations requiring oil, gas, and mining companies to disclose the payments they make to governments, it set a deadline for the SEC of April 2011. As part of our extractive revenue transparency work, EarthRights International participated in the SEC’s rulemaking process by submitting a number of comments on the draft regulations. But the SEC delayed finalizing the regulations, and in May 2012, after it had repeatedly failed to meet its deadline, ERI filed suit against the SEC on behalf of Oxfam America.
