Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Appeals court dismisses challenge to SEC rule
Friday - 4/26/2013, 12:10pm EDT
FREDERIC J. FROMMER
WASHINGTON (AP) -- A federal appeals court has dismissed a challenge to a new federal rule requiring publicly traded companies to disclose payments of $100,000 or more to foreign governments.
A three-judge panel ruled Friday that it lacks jurisdiction to hear the lawsuit against the Securities and Exchange Commission rule. The panel says the lawsuit should begin at the district court level.
Business groups including the American Petroleum Institute are challenging the rule on several grounds, including that it amounts to compelled speech in violation of the First Amendment.
The groups have also filed a challenge in U.S. District Court.
The rule stems from the 2010 Dodd-Frank financial overhaul law. It's aimed at providing greater transparency in foreign projects.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.