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Feds writing new oil payment mandates
Fuel Fix: WASHINGTON — Financial regulators have quietly confirmed they are rewriting a rule requiring companies to disclose what they pay foreign interests in exchange for rights to harvest oil, gas and other minerals.
According to the federal government’s just-updated regulatory agenda, the Securities and Exchange Commission is set to propose new mandates in March 2015. That puts the agency on track to issue a final rule as early as the end of 2015, after accepting and responding to public comments — well after a federal district court tossed out the SEC’s first attempt in July 2013.
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