September 5, 2012

SEC Energy Rule: A Matter of National Security

From: FISMA Focus

FISMA Focus Editor’s Note:  The SEC rule, Disclosures by Resource Extraction Issuers/Dodd-Frank Sec. 1054 (Form SD), discussed in this document, should be considered by the Administration as a national security matter. 

The final rule cannot be implemented unless the revised Form SD is approved by the White House Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA).  Under the Paperwork Reduction Act (PRA), no information may collected by an agency from ten or more persons without OIRA’s authorization.  The OIRA docket on the SEC form, which is not yet approved, is found here.

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