CEI Submits Comments on Conflict Minerals Rules of Dodd-Frank
The Competitive Enterprise has submitted regulatory comments to the Securities and Exchange Commission regarding the implementation of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Section 1502").
Section 1502 imposes a reporting requirement on publicly-traded companies that manufacture products for which "conflict minerals" are necessary to their functionality or production. However, the leglislation creates this rule without international participation, without any international sanctions and without a trade embargo in place. These comments seek to provide the most common-sense approach to implementing this legislation.