U.S. Clarifies Conflict Minerals Laws

Reuters reported U.S. regulators are set to finalize conflict mineral laws and overseas operations.

As quoted in the market news:

The SEC received a flood of comment letters on the rule, with companies such as AT&T saying the rule over-reaches. It would require companies to determine if their products contain any tantalum, tin, gold or tungsten from the Democratic Republic of the Congo – something they say can be very difficult to trace through the layers of the supply chain.

Corporations will be closely watching to see if the SEC allows for a phase-in of the rules, and how strict the agency is with audit and due diligence requirements.

Click here to read the full Reuters report.