IPC Comments on SEC Conflict Minerals Regulation


Reading time ( words)

On March 16, 2017, IPC filed comments with the Securities and Exchange Commission (SEC) asking the SEC to consider modifications of the rule and Section 1502 to reduce the burden on U.S. manufacturing industries. The comments were filed in response to Acting SEC Chairman Michael S. Piwowar’s January 31, 2017 statement, questioning the effects of the regulation, including the negative impacts of a de-facto boycott.

IPC comments acknowledge that the human rights situation in the Democratic Republic of Congo (DRC) and surrounding region remain a significant concern, but question the extent to which the sale of conflict minerals contributes to it.  

The comments ask the SEC and Congress to reconsider Dodd-Frank and, at a minimum, adopt burden-reducing measures such as de minimis thresholds and harmonization with EU regulations, which are only mandatory for smelters and importers.

For more information, contact Fern Abrams, IPC director of regulatory affairs at FernAbrams@ipc.org.

Share

Print


Suggested Items

This Month in SMT007 Magazine—IBM: Supply Chain Blockchain

08/04/2020 | Nolan Johnson, I-Connect007
IBM’s Michelle Lam and Christophe Begue, along with Nolan Johnson, discuss the basics of blockchain, and how it enables a more secure and traceable supply chain. They also address some of the applications for this technology and what the future holds.

Cimetrix Helping to Digitize Factories

04/16/2020 | Dan Feinberg, Technology Editor, I-Connect007
Dan Feinberg met with Cimetrix’s Ranjan Chatterjee to discuss how their new Sapience software allows factories to establish communication with a wide variety of equipment across multiple lines and multiple facilities across the whole industry.

The Foundation of Industry 4.0

04/15/2020 | Oren Manor, Mentor, a Siemens business
When adopting IoT solutions, start with three main considerations. First, assess which parts of the production cycle can be automated and/or monitored most effectively with IoT devices connected to an analytics platform. IoT technology should be matched to the production cycle of your operation.



Copyright © 2020 I-Connect007. All rights reserved.