IPC Brings Member Concerns on Conflict Minerals to Meeting at SEC

On July 26, Ed Trackman, IPC vice president of special projects, and Fern Abrams, IPC director of government relations and environmental policy,  met with senior SEC staff:  Erica Williams, deputy chief of staff for SEC Chairman Mary Schapiro; Paula Dubberly, deputy director, Division of Corporate Finance; and Felicia Kung, chief, Office of Rulemaking.  The purpose of the meeting was to highlight the industry’s three most significant concerns: a reasonable phase in period of three to five years, addition of an indeterminate origin category during the phase in period and limited inquiry for recycled and scrap metals.  Additionally, IPC encouraged the SEC to craft a final regulation that minimizes the impact on businesses while still achieving the goals of Section 1502 of the Dodd-Frank Act.

During the meeting, SEC staff expressed a high level of expectation that final rules would be approved during the upcoming August 22 meeting.

IPC continues to be a firm advocate for our members’ concerns and an industry leader in helping members to prepare for compliance. This meeting was one of several IPC staff have held with SEC staff in the last few months and the second in July.  In May 2012, IPC Board Chairman Steve Pudles testified before the House Financial Services Committee regarding concerns about the proposed rule.

IPC’s Conflict Minerals Data Exchange Standard task group (2-18h) and Conflict Minerals Due Diligence Committee (E-30) will both meet during the August IPC Midwest Conference & Exhibition, the day after the vote on the regulation.

For more information, visit www.ipc.org/conflict-minerals.

 

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  1. […] relations and environmental policy, met with senior SEC staff to highlight the industry’s three most significant concerns: a reasonable phase in period of three to five years, addition of an indeterminate origin category […]

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