Conflict Minerals: Federal Appeals Court to Reconsider Conflict Minerals Rule
Nov 18, 2014
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Tim Devaney, The Hill
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U.S. companies may be required after all to disclose whether their products are manufactured with "conflict minerals" from war-torn parts of Africa, a federal appeals court indicated Tuesday.
The D.C. Circuit Court of Appeals in announced it would reconsider its earlier decision to throw out the rule from the Securities and Exchange Commission (SEC), a move that could reinstate the contentious provision.Under the SEC’s conflict mineral rule, companies would be required to disclose whether their products contain any amount of tantalum tin, gold, or tungsten from the Democratic Republic of Congo (DRC).The SEC and human rights organization Amnesty International petitioned the court to reconsider its earlier decision, arguing that consumers have a right to know where their products are coming from.