The following are highlights of the trade-related Executive Communications sent to Congress from December 29, 2010 to January 12, 2011:
The following are highlights of comments received on the Securities and Exchange Commission’s November 2010 proposed rule on “Securities Whistleblower Incentives and Protection” to implement Section 21F of the Securities Exchange Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010.
On January 5, 2011, the following trade-related bills were introduced:
The Securities and Exchange Commission has issued a proposed rule to change the annual reporting requirements of certain issuers that file reports pursuant to the Securities Exchange Act of 1934 (Exchange Act), when conflict minerals are necessary to their product line.1
On December 17, 2010, Representative Dingell1 Introduced H.R. 6543, the Drug Safety Enhancement Act, a bill to amend the Federal Food, Drug, and Cosmetic Act to improve the safety of drugs, and for other purposes.
On December 15, 2010, the Securities and Exchange Commission voted unanimously to propose a rule, as mandated by the Dodd-Frank Act1, requiring companies (reporting issuers) to disclose annually whether they use “conflict minerals” that are “necessary to the functionality or production” of a product that they either manufacture or contract to be manufactured that originate from the Democratic Republic of the Congo or adjoining countries (DRC countries).
After the G20 Summit in Korea on November 11-12, 2010, the White House issued a fact sheet on the G20’s comprehensive Action Plan to strengthen anti-corruption efforts worldwide.
The U.S. Chamber of Commerce’s Institute for Legal Reform has issued a report which proposes amendments to the Foreign Corrupt Practices Act1.
On November 3, 2010, the U.S. Chamber of Commerce expressed serious concerns over the SEC’s proposed whistleblower rules, warning that the new program threatens to undermine existing corporate compliance programs that the federal government has long advocated as an important component of responsible and effective corporate governance.
On November 3, 2010, the Securities and Exchange Commission voted unanimously on a proposed rule to establish a whistleblower program to reward individuals who provide the agency with high-quality tips that lead to successful enforcement actions.