This bill repeals reporting requirements related to the use of certain minerals from the Democratic Republic of the Congo (DRC) and the surrounding area by publicly traded companies.
Currently, publicly traded companies must annually make disclosures if certain minerals (tin, tungsten, tantalum, or gold) are necessary to the functionality or production of a product manufactured by the company. As part of the reporting process, companies must determine if such minerals are from the DRC or the surrounding area and exercise due diligence to determine if the minerals are DRC conflict free, not found to be DRC conflict free, or are unable to be classified. (DRC conflict free means the minerals do not finance or benefit armed groups in the DRC or an adjoining country.)
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560.
Placed on the Union Calendar, Calendar No. 481.
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