What’s the Future for the Conflict Minerals Rule?

Feb 3, 2017 | Rob Bates
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The controversial Dodd-Frank Section 1502 will likely be weakened by the new administration. Just as there is much uncertainty over how the new administration will handle conflict diamonds and the Kimberley Process, the fate of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act appears pretty unclear. That provision, snuck in at the last minute, calls for public companies to publicly report their procedures for avoiding the “conflict minerals” fueling the civil war in the Democratic Republic of Congo. In the jewelry industry, that meant public companies had to publicly report their procedures for sourcing gold and tungsten.