On 7th July 2016, the US House of Representatives passed amendment 1254 to Dodd Frank which confirms that no funds appropriated in relation to the Act can be used to enforce the SEC Rule relating to ‘conflict minerals’.
In commenting on the amendment, the Enough Project, said: “The conflict minerals provision in Dodd-Frank has spurred major progress in starting rule of law in Congo’s minerals sector and helping make the majority of tin, tantalum, and tungsten mines conflict-free. Before the law was passed, armed groups and their sponsors profited hand-over-fist from the minerals trade, but today 70% of surveyed 3T mines are conflict-free. It’s time to focus on addressing the gaps – particularly conflict gold and artisanal miners’ livelihood programs – instead of moving backwards and undermining the law, as proposed by Rep. Huizenga’s amendment.”
