Wires

Business groups sue SEC over Dodd-Frank anti-bribery rule

WASHINGTON, Oct 10 (Reuters) - Four business groups onWednesday filed a lawsuit on Wednesday against the Securitiesand Exchange Commission's new rule requiring oil, mining and gascompanies to disclose payments they make to foreign governments.

In the latest legal challenge to a rule required by the 2010Dodd-Frank Wall Street reform law, the groups allege the SECfailed to follow proper rule-making procedures and that the ruleinfringes on First Amendment rights.

The suit was filed by the Chamber of Commerce, the AmericanPetroleum Institute, and two other groups.

(Reporting By Sarah N. Lynch and Aruna Viswanatha; Editing byBernard Orr)

((sarah.n.lynch@thomsonreuters.com)(202-354-5831))

Keywords: SEC/LAWSUIT