Press Releases

McHenry: It’s Time to Permanently Repeal Dodd-Frank’s Unnecessary Mandatory Disclosures

Washington, December 16, 2020 -

Today, the Republican leader of the House Financial Services Committee, Patrick McHenry (NC-10), released the following statement after the Securities and Exchange Commission (SEC) adopted a rule regarding resource extraction issuers:

“It’s time to permanently repeal Dodd-Frank’s costly and unnecessary mandatory disclosures, which hurt American businesses. The history of the resource extraction provisions proves the problem with trying to do social policy through public company disclosure requirements. While this rulemaking fulfills a statutory mandate and is an improvement over the two previous iterations, more must be done to ease this unnecessary burden.”

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