Business groups try to block conflict minerals rule

Business groups, the US Chamber of Commerce and the National Association of Manufacturers, are taking legal action against the SEC rules requiring US-listed companies to disclose whether their products contain conflict. The SEC decided on these in August following 2 years of work to implement section 1502 of the 2010 Dodd Frank Act. These groups have been arguing that the rules are ‘ unworkable, overly broad and burdensome’ but some US  technology companies, who have been proactive on conflict minerals have previously split from this position. 

The legal action has been condemned by NGO Global Witness and the US Enough Project notes that several US companies, including technology companies, are already implementing conflict mineral checks.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s