More information on the Russia Disclosure rulemaking petition
The petition is now officially registered and available on the U.S. Securities and Exchange Commission website. The public can now provide support/comments. Similar disclosures already exist, e.g. Conflict Minerals Disclosure and Iran Disclosure.
WHAT YOU CAN DO TO HELP:
1️⃣ SEND A LETTER TO THE SEC: Email a note explaining why you support the proposed Russia Disclosure to email@example.com. The subject line of your message MUST include the 4-784 file number for the petition. Ok to attach a PDF.
2️⃣ WRITE TO YOUR SENATORS / CONGRESS REPS (or better call them) - relevant contacts based on your address available here: https://lnkd.in/dR32pE96. Request/suggest that they:
(A) Send a letter to the SEC in support of the Russia Disclosure Petition 4-784, and
(B) Support or co-sponsor "HR7228 Reveal Risky Russia Business Act" introduced by Rep. Ritchie Torres (D-NY), or introduce their own bill
Why is there both an SEC Petition and a Congress Act pursuing similar disclosure requirements? Good question. SEC can introduce a new disclosure requirement independent of Congress, solely based on the Petition, but it may also deny the petition and do nothing. Alternatively, US Congress can REQUIRE SEC to introduce the disclosure - that's how Conflict Minerals and Iran Business disclosures came to be. Of course, Congress requiring the disclosure in a bill would be optimal. But for now, both paths are viable and worth pursuing.
3️⃣ SHARE THIS WITH YOUR NETWORK, especially on Twitter. Tag political and civic leaders, and journalists who can help raise awareness.