Tag Archives: SEC

Acting SEC Chairman Halts Enforcement of Conflict Minerals Rule Citing IPC Comments

Acting U.S. Securities and Exchange Commission (SEC) Chairman Mike Piwowar said in an April 7, 2017 statement that the SEC is suspending enforcement of the costliest requirements of its conflict minerals rule. The statement came following an April 3, 2017 U.S. District Court decision remanding the rule back to the SEC to address First Amendment […]

IPC Submits Comments on Reducing Regulatory Burdens on Manufacturing

On March 27, 2017, IPC filed comments in response to a March 7, 2017 Department of Commerce (DOC) Request for Information on the Impact (RFI) of Federal Regulations on Domestic Manufacturing. In our comments, IPC noted the burden imposed on manufacturers by regulations and our support of cost-effective, science-based regulations. IPC’s comments identified a number […]

IPC Comments on SEC Conflict Minerals Regulation

On March 16, 2017, IPC filed comments with the Securities and Exchange Commission (SEC) asking the SEC to consider modifications of the rule and Section 1502 to reduce the burden on U.S. manufacturing industries. The comments were filed in response to Acting SEC Chairman Michael S. Piwowar’s January 31, 2017 statement, questioning the effects of […]

Trump Administration Considers Suspension of Conflict Minerals Regulation

The Trump Administration is considering an executive order that would suspend the SEC conflict minerals rule for two years. Under the 2010 Dodd-Frank law, the president has the authority to temporarily suspend or revise the rule for two years if it is in the national security interest of the United States.  An unsourced draft White […]

SEC to Reconsider Conflict Minerals Guidance

On January 31, 2017, Acting Securities and Exchange Commission (SEC) Chairman Michael S. Piwowar released a public statement directing the SEC staff to consider whether their 2014 guidance is still appropriate and whether any additional relief is appropriate.  The guidance was issued by the SEC after the April 2014 D.C. Circuit Court of Appeals’ finding […]

Conflict Minerals Study Finds Only 25 Percent of Filers Fully Met Dodd-Frank Section 1502 Requirements in 2014

free webinarA recent, independent evaluation of the public company “conflict mineral” filings submitted to the SEC for reporting year 2014 under Dodd-Frank Section 1502 found that of the 1,262 companies evaluated, 312 scored a perfect 100% and 245 scored below 75% in meeting the requirements of the SEC rule. The most noticeable shortcoming was that […]

Survey Results in on Tulane University Conflict Minerals Regulation Impact Study

Results from a study on companies’ responses to the Dodd-Frank Section 1502 law and the U.S. Securities and Exchange Commission’s (SEC) conflict minerals requirements from the Payson Center for International Development at Tulane University were presented by the study’s lead researcher, Chris Bayer, a Ph.D. candidate. The study was a follow up to Tulane’s initial […]

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, […]

SEC Issues FAQ Document on Conflict Minerals Regulation

On May 30, 2013, the U.S. Securities and Exchange Commission (SEC) issued a Frequently Asked Questions (FAQ) document on the conflict minerals regulation. The FAQ document answers 12 questions on various aspects of the conflict minerals regulation, including clarification on contract to manufacture provisions, applicability of the regulation, and “Form SD.” The FAQ document is not […]

Congressional Hearing: Unintended Consequences of Conflict Minerals Law

On Tuesday, May 22, in the U.S. House of the Representatives, the Committee on Financial Services Subcommittee on Monetary Policy and Trade held a hearing titled, “The Unintended Consequences of Dodd-Frank’s Conflict Minerals Provision.” In his opening statement, Subcommittee Chairman John Campbell (R-CA) noted that many Congolese derisively refer to Section 1502 as “Loi Obama” […]