Tag Archives: conflict metals

GAO Issues Mixed Report on Dodd-Frank Effectiveness

On July 18, 2013, the U.S. Government and Accountability Office (GAO) issued a report to Congressional Committees, “SEC CONFLICT MINERALS RULE — Information on Responsible Sourcing and Companies Affected.” Under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act), the GAO was required to report, beginning in 2012 and annually thereafter, […]

IPC Provides Update on SEC Conflict Minerals Rule

By Fern Abrams, IPC director of government relations and environmental policy U.S. Securities and Exchange Commission (SEC) Chairman Mary Schapiro testified March 6 before the House Appropriations Subcommittee on Financial Services and General Government. In response to a question from Congressman Kevin Yoder (R-Kan.), Shapiro stated that the conflict minerals rule “will have a phase […]

Update on Securities and Exchange Commission Rulings on Conflict Metals

By Fern Abrams, IPC The SEC has officially delayed its issuance of the regulation to implement the conflict minerals provision of the Dodd-Frank legislation.  It is now listed as an “Upcoming Activity” in the January-June 2012 time frame on its website.   SEC had previously indicated it would publish the rule before the end of […]

IPC’s Tony Hilvers Comments on Recent Avnet Conflict Metals Editorial

Conflict Metals: Good Intentions Gone Tragically Bad I am concerned that the article “Avoid Conflict: Comply With Dodd-Frank” by Gerry Fay, Senior Vice President, Supply Chain Solutions, Avnet Electronics Marketing is unduly optimistic about the electronics industry’s ability to immediately solve a long-standing social conflict that has resisted efforts by the International Conference on the […]

SEC has underestimated cost of complying with proposed conflict minerals regulations by $263 million in first year

By Fern Abrams, IPC Director of Government Relations and Environmental Policy This past summer, in response to human rights and non-governmental organizations’ (NGOs) concerns that the mining of “conflict minerals” in the Democratic Republic of Congo (DRC) provide funds supporting continuing violence and atrocities, Congress added language (Section 1502) to the U.S. Dodd-Frank Wall Street […]

IPC Suggests Congressional Oversight on Three Burdensome Regulations

IPC recently sent a letter to the new chairman of the House Oversight and Government Reform Committee regarding burdensome regulations in need of Congressional oversight. The letter highlighted three regulations that have or will have a significant impact on electronics manufacturers:  the Environmental Protection Agency’s (EPA’s) proposed modifications to the Toxic Substances Control Act Inventory Update […]

One Step at a Time on Conflict Minerals

IPC Review January/February 2011 Editorial by IPC President Denny McGuirk: It’s fair to say that the Democratic Republic of the Congo (DRC), far away from the comfortable suburbs or sophisticated cities where IPC members live, is one of the most miserable places on the planet. Armed conflict since 1996 has resulted in the deaths of […]

Major Impact on the Electronics Industry: SEC Publishes Draft Rule Requiring Source Reporting for Gold, Tin, Tantalum and Tungsten in Manufactured Products

On Wednesday, December 15th, the Securities and Exchange Commission (SEC) voted unanimously to approve publication of a proposed rule implementing the conflict metals provisions in Section 1502 of the Dodd-Frank Act.  Under the Dodd-Frank law, companies whose manufactured goods contain metals refined from the minerals columbite-tantalite (coltan and tantalum), cassiterite (tin), gold, wolframite (tungsten), are […]

Manufacturers will be affected by new reporting requirements on the origin of minerals from conflict zones

The President signed the Financial Reform Bill (H.R. 4173) into law today. The bill contains a provision requiring manufacturers and their customers to disclose what steps they are taking to ensure that their products do not contain “conflict minerals” from the Democratic Republic of Congo (DRC). The new law will apply to manufactured goods containing […]

Conflict Metals Requirements Included in Financial Reform Legislation

Electronics manufacturers and their customers are increasingly under pressure to stop the violence and atrocities in the Democratic Republic of Congo (DRC) by eliminating the use of illegally mined tin, cobalt, gold, and tantalum ores, key ingredients in electronics.  Late last week, House and Senate conferees agreed upon modified language for sec. 1502 of the financial […]