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.
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