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Trump Administration Considers Suspension of Conflict Minerals Regulation
February 13, 2017 | IPCEstimated reading time: Less than a minute
The Trump Administration is considering an executive order that would suspend the SEC conflict minerals rule for two years. Under the 2010 Dodd-Frank law, the president has the authority to temporarily suspend or revise the rule for two years if it is in the national security interest of the United States.
An unsourced draft White House memo that cites national security interests, temporarily suspends the federal conflict minerals law for a period of two years. The draft also directs the Secretaries of State and Treasury to:
“Propose to the President a plan for addressing human rights violations and funding of armed groups in the Democratic Republic of the Congo or an adjoining country. The plan could include targeting persons and entities engaged in violations of law and negative human rights impacts, consistent with section 13 of the Exchange Act. The Secretaries shall submit their plan to the President within 180 days of the date of this Order.”
As previously reported on January 31, 2017, Acting Securities and Exchange Commission (SEC) Chairman Michael S. Piwowar directed the SEC staff to consider whether their 2014 guidance is still appropriate and whether any additional relief is appropriate.
Suggested Items
Schweizer Electronic Appoints Thomas Gottwald as New Member of the Executive Board
04/23/2024 | Schweizer Electronic AGThe Supervisory Board of Schweizer Electronic AG has appointed Mr. Thomas Gottwald to the Executive Board as CTO (Chief Technology Officer) for a period of 3 years with effect from 1 May 2024.
Robin Hayes Selected to Lead Airbus in North America
04/23/2024 | AirbusAirbus SE has announced that C. Jeffrey Knittel is retiring as Chairman and Chief Executive Officer of Airbus Americas, Inc. effective June 3, 2024, after serving as the region’s top executive since 2018. He will remain with Airbus through a transition period. Robin Hayes, former CEO of JetBlue Airways, has been selected to succeed him.
What’s Next Becomes Now at IPC APEX EXPO 2024
04/22/2024 | IPCFrom revolutionary advancements in artificial intelligence, augmented reality and the latest innovations in capital equipment on the show floor to a heightened learner experience through the 16th Electronic Circuits World Convention (ECWC16) technical conference, IPC APEX EXPO 2024 provided education, professional development and numerous networking opportunities, for 3,723 attendees from 57 countries.
Mobileye EyeQ6 Lite Launches to Speed ADAS Upgrades Worldwide
04/17/2024 | BUSINESS WIREMobileye announced it has delivered the first production-candidate hardware and software of its new EyeQ™6 Lite system-on-chip to its customers, which will power advanced driver-assistance systems in multiple models launching this year.
NCAB Appoints Tim Benjamin as New CFO
04/15/2024 | NCAB GroupNCAB Group has appointed Tim Benjamin as its new CFO. Tim has a long and broad experience of managerial business finance roles, including M&A and IT.