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House votes to defund enforcement of SEC's pay ratio, conflict minerals rules

Joe Mont | July 8, 2016

Another attack on the Securities and Exchange Commission’s conflict minerals rule is underway in the halls of Congress, as is a bid to weaken the agency’s controversial pay ratio rule.

On July 7, while voting on a financial services appropriations bill, the House of Representatives passed an amendment introduced by Rep. Bill Huizenga (R-Mich.) that specifies, “no funds appropriated in this Act may be used to enforce a SEC rule pursuant to Section 1502 of Dodd-Frank relating to conflict minerals.” The Dodd-Frank Act mandated the SEC to develop rules for the disclosure of certain... To get the full story, subscribe now.