Last week House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas) introduced and held a hearing on the Financial CHOICE Act which will repeal parts of Dodd-Frank.
The bill would repeal the conflict minerals disclosure requirement for publicly traded companies. Distributors have expressed frustration with adequately managing customer requests for compliance assistance.
NAED supports repeal of the conflict minerals regulation because it is not the most effective method of curbing illicit minerals trade and the due diligence required to respond to these requests is beyond many companies' capabilities.
Tell your member of Congress to support the Financial CHOICE Act. Click here to email.
Edward Orlet
Ed Orlet, NAED Senior Vice President of Government Affairs & Strategic Projects and NAED Interim CEO, serves as a facilitator for diverse distributor and cross-industry groups, as well as moderating industry panels nationwide. Before joining NAED in 2001, Orlet worked as a distributor salesperson to mechanical contracting and OEM markets. He has more than 20 years’ experience in distribution and sales to construction, institutional, and industrial customers. He also worked on the legislative staff in the Illinois State Senate. Ed holds a Bachelor of Science degree in advertising from the University of Illinois at Urbana-Champaign.