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Bill > HR4248


US HR4248

US HR4248
To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.


summary

Introduced
11/03/2017
In Committee
11/15/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes. (Sec. 1) This bill amends the Securities Exchange Act of 1934 and the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal provisions requiring public companies to make disclosures relating to their use of conflict minerals originating in the Democratic Republic of the Congo or an adjoining country.

AI Summary

This bill amends the Securities Exchange Act of 1934 and the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the requirement for public companies to disclose information related to their use of "conflict minerals" - minerals originating from the Democratic Republic of the Congo or adjoining countries. The term "conflict minerals" refers to certain minerals that may have been mined using forced labor or under conditions that fund armed groups in that region. The bill aims to eliminate these disclosure requirements, which were intended to increase transparency and limit the trade of minerals that may be financing conflict and human rights abuses.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Placed on the Union Calendar, Calendar No. 430. (on 02/20/2018)

bill text


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