Tag Archives: Dodd Frank Act

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The Resource Extraction Rule Under The Dodd-Frank Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act (US) was passed in July 2010, following the US financial crisis.  Its aim was to promote reform within financial institutions and improve accountability and transparency in the financial system generally.

Under section 1504 of the Act, the US Securities and Exchange Commission (SEC) adopted a new resource extraction rule, which required resource extraction issuers to file a new form on the SEC’s public database for its financial years ending after 30 September 2013.  The new form required detailed information on payments made by companies to US or foreign governments.  More…

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Business Law Alert: Conflict Minerals? What you don’t know can hurt you

Recently, the Securities and Exchange Commission (SEC) adopted its final rule for implementing certain reporting requirements with respect toconflict minerals as required by § 1502 of the Dodd-Frank Act (Reporting Requirements). If a manufacturer is required to file reports with the SEC and uses gold, tin, tantalum, or tungsten (collectively, the Conflict Minerals) in its products, then that manufacturer (Affected Manufacturer) will be required to comply with the Reporting Requirements. However, even privately owned and foreign companies that supply Affected Manufacturers will be impacted by the Reporting Requirements. This is because information gathering necessary under the Reporting Requirements will be pushed down through entire supply chains so that suppliers of Affected Manufacturers will need to become familiar with the Reporting Requirements.

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Charles W. Pautsch interviewed for article in Financier Worldwide regarding say on pay provisions of the Dodd-Frank Act

Arnstein & Lehr Attorney Charles W. Pautsch

Charles W. Pautsch

Arnstein & Lehr Milwaukee Partner Charles W. Pautsch responded to 10 questions in a June article in Financier Worldwide, titled “10 Questions: Legal Challenges Surrounding Say On Pay In The United States.” In the article, Mr. Pautsch discusses the legal developments in the U.S. relating to say on pay; compliance provisions and procedures that U.S. companies are now obliged to observe; and a variety of other issues surrounding the Dodd-Frank Act, which is primarily aimed at financial institutions and contains say on pay provisions. Mr. Pautsch comments that compensation committee members are under far greater legal scrutiny then ever before.

To read the articles in full, please click here.

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Partners John Ropiequet and Chris Naveja author Dodd Frank Act article published in Consumer Finance Law Quarterly Report

John L. Ropiequet

Christopher S. Naveja

Chicago Partners John Ropiequet and Chris Naveja published the article entitled “The Dodd-Frank Act Changes the Consumer Finance Landscape,” which appears in the current issue of the Consumer Finance Law Quarterly Report. The article analyzes the major changes the Act makes to all forms of consumer finance, particularly mortgage lending, and how the new Bureau of Consumer Financial Protection will operate as both a regulator and an enforcement agency.

To read the article in full, please click here.

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