Tag Archives: SEC

Treasury Report Calls for End of Conflict Minerals Regulations

The Treasury Department has called for scrapping corporate reporting requirements on conflict minerals and other topics. The department, in an October 6 report on growing the economy stated, “federal securities laws are ill-equipped to achieve such policy goals, and the effort to use securities disclosure to advance policy goals distracts from their purpose of providing […]

Huizenga Amendment on Conflict Minerals Approved by the U.S. House of Representatives

The U.S. House of Representatives today adopted an amendment by Rep. Bill Huizenga (R-MI) that would prohibit the use of funds for any action on rules issued by the U.S. Securities and Exchange Commission (SEC) related to conflict minerals. The amendment was attached to the omnibus appropriations bill for fiscal 2018 that is currently making […]

SEC Chair Jay Clayton Voices Support for Disclosure Reform; Could Include Conflict Minerals

According to a Reuters article, the new Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton indicated his support for reducing disclosure rules during a July 12, 2017 speech to the Economic Club of New York. During the speech, Clayton laid out his regulatory philosophy and said the SEC staff was working to […]

IPC Files Comments Calling on the Administration to Address Conflict Minerals

On April 28, 2017, IPC filed comments with the Department of State regarding conflict minerals. In our comments, IPC called upon the Department of State to expand existing diplomatic efforts to drive peace, security, and governance in Central Africa and encouraged Congress and the Administration to replace Section 1502 with appropriate and effective programs to […]

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 […]