To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
Congress moves to end conflict minerals disclosure reports for some publicly traded companies
Legislative Progress
Key Points
- Congress would remove a rule that makes certain public companies disclose whether products contain “conflict minerals.”
- This would roll back a disclosure requirement tied to a financial reform law, meaning less public reporting about these minerals in supply chains.
- Companies that used the rule may face less paperwork and fewer reporting costs, but investors and shoppers may get less information.
- The bill focuses on deleting the disclosure requirement; it does not create a new replacement reporting system in this text.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Placed on the Union Calendar, Calendar No. 481.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560.
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
Data Sources
Sponsor
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