As Demand Grows to Add Another Mineral to the List, Calls Continue to Reform Conflict Minerals Reporting Requirement. Today’s Election May Decide the Next Round for Dodd-Frank.

Nov 8, 2016 | Source Intelligence
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The U.S. Securities and Exchange Commission (SEC) continues to receive comment letters from a variety of organizations and individuals about whether to refine conflict minerals reporting requirements under Section 1502 of the Dodd-Frank Act.

Yet, as business lobbying groups and others continue to state their case in SEC comment letters and ask Congress to modify or dump the conflict minerals rule, environmental and human rights organizations are going in the opposite direction and pressing regulators to add one more mineral to the conflict list. The recent push to add cobalt to the list of minerals (3TG) under compliance scrutiny will certainly be discussed this week in California as hundreds of business representatives and others gather for the annual Conflict-Free Sourcing Initiative and Electronic Industry Citizenship Coalition conferences.

It remains to be seen whether the SEC will modify conflict minerals regulations, or whether the next Congress will take up changes to the Dodd-Frank Act.