Oil Companies Oppose Ben Cardin's Financial Reform Provision | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Oil Companies Oppose Ben Cardin's Financial Reform Provision

Play associated audio

Maryland Sen. Ben Cardin was one of the authors of a provision in the larger Wall Street financial reform bill that makes oil, gas, and mining companies disclose payments they make to host governments where they do business.

That bill was passed in 2010, but it took two years for the SEC to write the rules to enforce the law. That was finished over the summer, but industry groups quickly filed a lawsuit over the rules. And this week, the same groups asked for a stay to prevent the law from being enforced in the meantime.

Opponents feel the rules will hurt the industry because some firms may not have to follow them, as the law only pertains to companies listed on U.S. stock exchanges.

Supporters are asking the SEC to go ahead enforcing the law, saying the industry just wants to keep the public and investors in the dark.

NPR

Gluten-Free Guests For Thanksgiving? We've Got You Covered

It's like the start of a bad joke: a vegan, a gluten-free and a paleo walk into a bar — except it's your house, and they're gathered around the Thanksgiving table. Don't panic — we've got recipes.
NPR

Gluten-Free Guests For Thanksgiving? We've Got You Covered

It's like the start of a bad joke: a vegan, a gluten-free and a paleo walk into a bar — except it's your house, and they're gathered around the Thanksgiving table. Don't panic — we've got recipes.
NPR

Obama: 'No Sympathy' For Those Destroying Ferguson

Saying he understands the frustrations of people who feel they're not treated fairly under the law, President Obama also said, "I have no sympathy at all for destroying your own communities."
NPR

Is Digital Learning More Cost-Effective? Maybe Not

Digital learning initiatives are spreading to schools across the country, but new research raises doubts about how well they work.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.