To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
Sponsored By: Representative Huizenga, Bill [R-MI-4]
In Committee
Summary
Eliminate federal conflict minerals disclosure requirements. This bill would repeal subsection (p) of Section 13 of the Securities Exchange Act of 1934 and strike Section 1502 of the Dodd-Frank Act, removing issuers' obligations to disclose conflict minerals in securities filings. The text contains only repeals and conforming edits and does not create new reporting rules, transition plans, funding, or alternative requirements.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Companies would stop conflict minerals reports
If enacted, companies that file under the Securities Exchange Act would no longer have to file conflict minerals disclosures. The bill would strike section 1502 of the Dodd-Frank Act. It would also repeal subsection (p) of section 13 of the Securities Exchange Act. The repeal would take effect upon enactment and creates no new reporting or transition rules. If passed, affected companies could see lower compliance costs, while investors and consumers would have less supply-chain transparency.
Sponsors & CoSponsors
Sponsor
Huizenga, Bill [R-MI-4]
MI • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov