To stem the horrific human rights abuses perpetrated by armed groups funded by minerals in the eastern Democratic Republic of the Congo (DRC), Congress passed Section 1502 of the Dodd-Frank Act requiring the SEC to adopt rules requiring publicly traded companies to disclose whether “conflict minerals” used in their products come from the DRC or an adjoining country.
If such minerals originate in the covered countries, companies must submit to the SEC an annual, audited report describing the source and chain of custody of their “conflict minerals” (defined in the Actas columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives (tin, tungsten, and tantalum)).
This program will debate the effectiveness of this legislation on human rights in the DRC and discuss the rigors and cost of corporate compliance that is due on May 31, 2014. Litigation brought by the National Association of Manufacturers and the U.S. Chamber of Commerce that challenged the legislation was defeated in the D.C. District Court.
Moderator: ELIZABETH BARAD, International Law and Gender Consultant
Speakers: SASHA LEZHNEV, Senior Policy Analyst, Enough Project; MICHAEL LITTENBERG, Schulte Roth & Zabel LLP; TOM QUAADMAN, Vice-President, U.S. Chamber of Commerce; JULIE MURRAY, Attorney, Public Citizen; Counsel, Intervenors, Amnesty International USA and Amnesty International Limited
Sponsored by: Committee on International Human Rights, Elizabeth Wickeri, Chair; Committee on African Affairs, Christina Holder, Chair; Committee on Corporation Law, Maurice Lefkort, Chair; Cyrus R. Vance Center for International Justice