Repeals reporting requirements related to the use of certain minerals from the Democratic Republic of the Congo (DRC) and the surrounding…
Official title: To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
This bill is stalled.
No action in 4 months. It may still move, but has lost momentum.
This bill repeals reporting requirements related to the use of certain minerals from the Democratic Republic of the Congo (DRC) and the surrounding area by publicly traded companies. Currently, publicly traded companies must annually make disclosures if certain minerals (tin, tungsten, tantalum, or gold) are necessary to the functionality or production of a product manufactured by the company. As part of the reporting process, companies must determine if such minerals are from the DRC or the surrounding area and exercise due diligence to determine if the minerals are DRC conflict free, not found to be DRC conflict free, or are unable to be classified. ( DRC conflict free means the minerals do not finance or benefit armed groups in the DRC or an adjoining country.)
Awaiting a vote in the House
A committee in the House has reviewed this house bill and reported it to the full chamber for consideration.
Who introduced this
Bill Huizenga
RepublicanU.S. Representative · MI-4
Introduced solo — no cosponsors yet.
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