Conflict Minerals law Update:

courtesy of World Atlas

The U.S. Security and Exchange Commission (SEC) voted 3-2 to approve regulations requiring U.S. companies to disclose whether their products were made using conflict minerals sourced from the Democratic Republic of Congo. The law was part of the Dodd-Frank Financial Reform Act passed by Congress and signed by President Obama in 2010.

Unfortunately, the final ruling gives companies two years to implement the adopted regulations, delaying once again, the intent of the law, which is to abate violence caused by armed groups who support their vicious activities by selling minerals from eastern Congo mines.

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