Protect Anti-Corruption, Transparency and Peace Law Provisions of Wall Street Reform and Consumer Protection Act

In response to President Donald Trump’s Executive Order 13772 on Core Principles for Regulating the United States Financial System, the U.S. Department of the Treasury issued this October 2017 report titled “A Financial System That Creates Economic Opportunities” in which the Department recommends that “Section 1502 (conflict minerals), Section 1503 (mine safety), Section 1504 (resource extraction), and Section 953(b) (pay ratio) of Dodd-Frank be repealed and any rules issued pursuant to such provisions be withdrawn, as proposed by H.R. 10, the Financial CHOICE Act of 2017.” (Appendix B, Page 205). Section 862 of H. R. 10 reference by the Treasury which passed the house of representatives and is now in the Senate says “(a) Repeal.—The following sections of title XV of the Dodd-Frank Wall Street Reform and Consumer Protection Act are repealed, and the provisions of law amended or repealed by such sections are restored or revived as if such sections had not been enacted: (1) Section 1502.(2) Section 1503.(3) Section 1504.(4) Section 1505.(5) Section 1506.(b) Clerical amendment.—The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the items relating to sections 1502, 1503, 1504, 1505, and 1506. Click here to read our letter to Congress on why we believe these provisions should be protected.