On 18 December 2019, the US Securities and Exchange Commission (SEC) released the latest draft of the Dodd-Frank Section 1504 rule, which requires companies operating in the extractive industries and listed on US stock exchanges to disclose payments to governments. The draft rules - the SEC's third attempt at implementing Section 1504 - have received criticism from civil society for failing to adequately deter companies from engaging in corrupt practices. The proposal will undergo a 60-day comment period before the SEC votes on a final version. This story includes statements from Oxfam and Global Witness.