What is the Congressional Review Act?The Congressional Review Act (CRA) (5 U.S.C. §§801-808) was enacted in 1996 and established a mechanism through which Congress can overturn a rule promulgated by a federal agency. Congress is given 60 ‘working days’ once the regulation is submitted to Congress to consider the rule and vote on a ‘resolution of disapproval’. To be successful,…
In 2010, in an effort to empower citizens, better protect and inform investors, reverse the resource curse, and strengthen U.S. national and energy security, Senator Patrick Leahy (D-VT) introduced the Cardin-Lugar Amendment to the Dodd-Frank Act of 2010 (Section 1504). The Securities and Exchange Commission released strong, fair final rules in June 2016. Read the single page fact sheet. Read…
Friends of transparency and good governance – it’s time to activate! The regulation implementing the groundbreaking anti-corruption law, the Cardin-Lugar Provision of the Dodd Frank Act (Section 1504), is in critical danger of being repealed by the House and Senate. This law allows citizens in resource rich countries to ‘follow the money’ and hold their governments accountable for graft, waste…