Final rules on conflict minerals will be delayed, according to a recent announcement from the Securities and Exchange Commission (SEC). These rules, which were originally scheduled to be announced April 15, are now expected to be published between August and December 2011.
Mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the proposed regulations on conflict minerals would require public companies to supply detailed reporting of their conflict mineral controls and sourcing.
MEMA supported comments submitted by the National Association of Manufacturers on March 2. NAM expressed the strong concerns of manufacturers.
“The Securities and Exchange Commission (SEC) needs to issue a rational rule that recognizes the current limitations that result from insufficient infrastructure and phase in reporting requirements based on what is feasible and realistic for manufacturers in the United States while also creating supply chain transparency,” stated NAM.
To view the SEC schedule for Dodd-Frank implementation, click here.
Leigh Merino
Director, Regulatory Affairs
202-312-9249
lmerino@mema.org