Jim Hammilton reports that:
n a bi-partisan letter to the SEC, Senators Barbara Boxer (D-CA), John Boozman (R-AR) and Christopher Coons (D-DE), along with nine other Senators, urged the Commission to promptly implement Section 1502 of Dodd-Frank, the conflict minerals provision. Despite a mandated April 2011 deadline, noted the Senators, the SEC has delayed the adoption of regulations implementing Section 1502, which requires companies to disclose the origin of minerals purchased from the Democratic Republic of Congo and establish transparency and accountability in the mineral supply chain to help ensure that conflict minerals are not purchased by companies in the United States or abroad. The letter was also signed by Senators Mark Begich (D-AK), Sherrod Brown (D-OH), Robert P. Casey, Jr. (D-PA), Frank R. Lautenberg (D-NJ), Patrick J. Leahy (D-VT), Jeff Merkley (D-OR), Barbara A. Mikulski (D-MD), Sheldon Whitehouse (D-RI) and Ron Wyden (D-OR).
This remains a very bad idea on the merits.
