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President Trump signs H.J. Resolution 41 eliminating SEC disclosures.

Posted on 2/14/17 at 5:13 pm
Posted by GumboPot
Member since Mar 2009
119186 posts
Posted on 2/14/17 at 5:13 pm
Eliminating SEC disclosures for energy companies.

This puts American energy companies on the same competitive footing as foreign energy companies. Under the previous regulations it meant that competitors knew your next step. They knew your plans and could plan accordingly and out maneuver US energy companies on business contracts.

This is a good move by congress and Trump.
quote:


Well, thank you very much. This is a big signing, a very important signing. And this is H.J. Resolution 41, disapproving the Securities and Exchange Commission's rule on disclosure of payments by resource extraction issuers. It's a big deal. And I want to thank Speaker Paul Ryan for being here. He's been tremendous. Jeb Hensarling very, very important and really worked hard. Representative Bill Huizenga and all of the friends -- Peter -- all of my friends are up here. And we really appreciate it.

This is one of many that we've signed, and we have many more left. And we're bringing back jobs big league, we're bringing them back at the plant level; we've bringing them back at the mine level. The energy jobs are coming back.


LINK
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69418 posts
Posted on 2/14/17 at 5:22 pm to
Pretty sad that that was even law in the first place
Posted by C
Houston
Member since Dec 2007
27836 posts
Posted on 2/14/17 at 5:43 pm to
Many energy companies actually sponsored the original disclosure requirements to combat corrupt govt. Activists naturally jumped on board to push the disclosures on the oil companies not on the govts. Thus why international oil companies are trying to pull back.
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35497 posts
Posted on 2/14/17 at 5:47 pm to
Please explain how this helps create US jobs.
Posted by SarkAfterDark
Member since Nov 2016
52 posts
Posted on 2/14/17 at 6:03 pm to
I know this gonna help bama cheat somehow!!!
Posted by Seldom Seen
Member since Feb 2016
40684 posts
Posted on 2/14/17 at 6:59 pm to
We love eliminating regulations and needless bureaucracy don't we folks?
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