March 7, 2017
If the Conflict Minerals Rule, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is suspended or weakened, it would incentivize armed groups in eastern Congo to return to hundreds of tin, tantalum, and tungsten mines, causing an increased humanitarian crisis. This would also lead to increased corruption in the minerals certification process in Congo and the region, thus creating major risks for U.S. companies sourcing minerals, and it would likely lead to a new de facto embargo on minerals from Congo, Rwanda, and the Great Lakes region. Furthermore, the cost for U.S. businesses to comply with the rule has been 74 to 85 percent less than the original SEC estimate, according to new information from Elm Sustainability Partners. Please do not suspend Conflict Minerals Rule.