Manufacturers Win if Conflict Minerals Requirements Are Axed – But That’s Not Likely

May 2, 2017 | Jennifer Hermes
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Manufacturers stand to win if the current administration succeeds in its efforts to all but repeal The Dodd-Frank Act, which the National Association of Manufacturers (NAM) has called harmful and costly to manufacturers. The Act is being looked at this week by the House Committee on Financial Services. At a hearing, the committee heard draft legislation that would essentially replace the Dodd-Frank Act with a new bill, The Financial CHOICE Act, that would amend some of the provisions that have hampered manufacturers including those focused on conflict minerals. But while the House Financial Services committee is expected to advance the bill to the House floor, analysts say the bill is unlikely to make it to Trump’s desk, writes Business Insider.