The US Securities and Exchange Commission (SEC) has been coming under growing pressure recently to implement the conflict mineral provisions of the Dodd-Frank Act.
This pressure has come from non-governmental organisations like Global Witness and The Enough Project who have highlighted the role of minerals in fuelling the conflict Congo. In addition, some technology companies, like Microsoft and Motoral Solutions who have been proactive on conflict minerals, have publicly split from the US Chamber of Commerce’s negative lobbying on the regulations (despite being members of it). Then, last week members of US Congress wrote to the regulator’s head urging her to explain the delay. And now the SEC has announced they will vote on the conflict minerals regulations on 22nd August.