ICAR Joint Letter to Chairman Schapiro Urging for Final Rule for Section 1502 (Conflict Minerals)

On December 22, 2011, ICAR along with a number of leading human rights organizations, submitted a letter to the Securities and Exchange Commission (SEC) comment file for Section 1502 - the conflict minerals provision - of the Dodd-Frank Act.

The letter urged the SEC and Chairman Schapiro to expedite the rulemaking process and to issue the final rules at the earliest opportunity, and no later than the end of January, 2012.

The letter noted that the failure to release the final rules soon harms investors, issuers, taxpayers, and threatens to undermine progress on the ground in eastern Democratic Republic of Congo (DRC) in a way which could exacerbate the humanitarian crisis and risks to investors that the legislation was meant to address.

Download the full Letter to Chairman Schapiro.