On December 22, 2011, ICAR along with a number of leading human rights organizations, submitted a letter to the Securities and Exchange Commission (SEC) comment file for Section 1502 – the conflict minerals provision – of the Dodd-Frank Act.
The letter urged the SEC and Chairman Schapiro to expedite the rulemaking process and to issue the final rules at the earliest opportunity, and no later than the end of January, 2012.
The letter noted that the failure to release the final rules soon harms investors, issuers, taxpayers, and threatens to undermine progress on the ground in eastern Democratic Republic of Congo (DRC) in a way which could exacerbate the humanitarian crisis and risks to investors that the legislation was meant to address.
Download the full Letter to Chairman Schapiro.
09 October 2013
On October 9, 2013, the International Corporate Accountability Roundtable (ICAR) launched a landmark report entitled “Knowing and Showing: Using U.S. Securities Laws to Compel Human Rights Disclosure.” The Report, edited, reviewed and endorsed by Professor Cynthia A. Williams, argues that humanRead More…
09 December 2011
by Katie Shay In 1977, the United States took a powerful first step in curbing global corruption by passing the Foreign Corrupt Practices Act. The law aims to remove the incentive for bribery, and does so by creating both criminalRead More…
02 November 2011
Dear Chairman and Commissioners, The International Corporate Accountability Roundtable (“ICAR”) and Global Witness submit this comment to address issues pertaining to the rulemaking for Section 1502 that were raised in the Roundtable, held on October 18th, 2011, and to reiterateRead More…
26 October 2011
By Mark Taylor The U.S. Securities and Exchange Commission (SEC) held consultations with industry and civil society last week on the conflict minerals provision (Section 1502) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. At a public roundtableRead More…
14 October 2011
Congratulations to California for being the first state to pass a conflict minerals bill! California’s SB 861 was signed into law by Governor Jerry Brown this past weekend, and activists and those concerned with human rights should be proud. VoicesRead More…
