Conflict minerals, Congo and Congress

A University of Utah law professor testified in Washington D.C. this week, telling the House Financial Services Monetary Policy and Trade Subcommittee that the Dodd-Frank Act of 2010 —in which public companies are required to monitor their supply chain for minerals mined from regions controlled by militia groups in the Democratic Republic of the Congo —is not effectively curbing companies from using “conflict minerals” in their products. Jeff Schwartz will publish a forthcoming article in the Harvard Business Law Review examining the inaugural data submitted by companies to the SEC—and whether the disclosures helped with supply chain transparency. His research and testimony before Congress indicates that the Dodd-Frank Act of 2010 isn’t having its desired effects. The rule “is a failure in its current form, because the filings that companies have submitted to the SEC in response do not provide sufficient insight into conflict mineral supply chains,” he said in the hearing, which was covered by the Wall Street Journal. Schwartz is available to speak about his research, testimony and other issues related to conflict minerals and the Dodd-Frank Act of 2010.
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