U.S. House Votes to Undermine Transparency and Conflict-Free Supply Chains in Democratic Republic of Congo
Jul 7, 2016
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Enough Project
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Efforts to support peace, corporate accountability, and transparency in the Democratic Republic of Congo faced a setback today, as the House of Representatives passed an amendment introduced by Rep. Bill Huizenga (R-MI) to defund implementation of the Security Exchange Commission (SEC)’s rule to address conflict minerals.
The 11th-hour amendment, added to a larger financial services appropriations bill, states that no government funds can be used to enforce the SEC’s conflict mineral rule pursuant to Provision 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Defunding this provision would undermine years of progress that has been made by companies, private sector initiatives, and regional governments to support conflict-free minerals sourcing from Congo.