About the resolution
The third bill signed into law by President Trump repeals a regulatory rule created by Democrats in the wake of the 2008 financial crash. Republicans hail it as a breath of fresh air for American businesses, but Democrats say it will harm both our financial system and our environment.
What the law does
The law repeals an Obama-era rule requiring publicly traded companies to disclose payments by “resource extraction issuers” — such as those for oil, minerals, and natural gas — during the negotiation of the business contracts if those payments exceed $100,000 in a year.
The rule was issued by the Securities and Exchange Commission (SEC), which originally proposed it in 2012. The rule was vacated by a court in 2013, since the rule did not provide an exemption …
Sponsor and status
115th Congress (2017–2019)
Enacted — Signed by the President on Feb 14, 2017
This resolution was enacted after being signed by the President on February 14, 2017.
33 Cosponsors (33 Republicans)
Position statements
What legislators are saying
“Cutting Red Tape Will Grow Our Economy & Increase Opportunity”
—
Rep. Bill Huizenga [R-MI4]
(Sponsor)
on Feb 20, 2017
“Tipton Supports House Action to Undo Harmful, Unnecessary Federal Regulations”
—
Rep. Scott Tipton [R-CO3, 2011-2020]
(Co-sponsor)
on Feb 3, 2017
“Menendez, Colleagues Urge SEC to Issue New Global Transparency Rule for Big Oil, Gas Industry”
—
Sen. Robert “Bob” Menendez [D-NJ]
on Apr 4, 2017
History
H.J.Res. 41 (115th) was a joint resolution in the United States Congress.
A joint resolution is often used in the same manner as a bill. If passed by both the House and Senate in identical form and signed by the President, it becomes a law. Joint resolutions are also used to propose amendments to the Constitution.
Resolutions numbers restart every two years. That means there are other resolutions with the number H.J.Res. 41. This is the one from the 115th Congress.
This joint resolution was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.J.Res. 41 — 115th Congress: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of a ….” www.GovTrack.us. 2017. March 31, 2023 <https://www.govtrack.us/congress/bills/115/hjres41>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
