Investors Support Conflict Mineral Rule
June 3rd, 2013
The Missionary Oblates JPIC office has joined other investors in supporting a U.S. law aimed at preventing trade in conflict minerals from the Democratic Republic of Congo. The investors statement supporting the final rule by the SEC on Section 1502 of the Dodd-Frank legislation says, “Given that the long standing conflict in the Democratic Republic of Congo (DRC) has claimed more than five million lives and contributed to egregious human rights abuses such as rape, child soldiers, and slave labor, we believe companies must disclose their use of conflict minerals.”
Some manufacturers and business associations have sued the Securities and Exchange Commission (SEC) on the Section 1502 rule.