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The House Financial Services Committee, Subcommittee on Monetary Policy and Trade held a one-panel hearing on "The Unintended Consequences of Dodd-Frank's Conflict Minerals Provision." See: Committee Memorandum. Testimonies: Mr. David Aronson, Freelance Writer, Editor of www.congoresources.org ; Mr. Mvemba Dizolele, Peter Duignan Distinguished Visiting Fellow, Hoover Institution; Mr. Rick Goss, Senior Vice President of Environment and Sustainability, Information Technology Industry Council; andMs. Sophia Pickles, Policy Advisor, Global Witness. See also: For persons curious as to the conflict

Commentary by Siteadmin Administrator

In a letter addressed to SEC Chair Mary Jo White, a group of 44 senators expressed their support for a petition of rulemaking that would require public companies to disclose their political spending to shareholders pursuant to Section 14 of the Securities Exchange Act. The letter conveyed the senators' opinion that "because shareholders are the true owners of the corporation, a public company should be required to disclose to its owners how their money is being spent." The senators observed that the SEC has received "more than 1 million public comments" supporting the petition, including

Commentary by Steven Lofchie

President Obama signed the "Surface Transportation and Reauthorization and Reform Act of 2015" (H.R. 22) (the "FAST Act") into law. The act includes a number of financial services provisions in Titles LXXI to LXXXVI (Titles 71-86). Provisions that affect the JOBS Act include the following: Title LXXI - "Improving Access to Capital for Emerging Growth Companies" ("EGC") - (i) reduces the time during which an EGC must wait to conduct a road show after filing documents confidentially with the SEC from 21 days to 15 days, (ii) effectively extends the time during which an issuer may be treated as