Court finds against conflict minerals rule

Apr 15, 2014 | 06:18 PM | Claire Hack

Tags  Dodd Frank, conflict minerals, tungsten, tin, tantalum, Claire Hack

LONDON — A panel of three U.S. judges has ruled that a section of the Dodd-Frank Wall Street Reform and Consumer Protection Act that requires companies to report their use of "conflict minerals" to the Securities and Exchange Commission is unconstitutional.

In a two-to-one decision, the U.S. Court of Appeals for the District of Columbia found that the rule compels a reporting company to "confess blood on its hands" and violates free-speech rights under the First Amendment, and has remanded the case back to the U.S. District Court for the District of Columbia.....

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