January 12, 2011
We ask you to complete action on a rule to implement Sec. 1502 of the Dodd-Frank Act, dealing with conflict minerals. A clear, strong rule is needed before President Obama's first term ends in January 2013. The rules were supposed to have been final by April 2011 under terms of the act, and we are long past that now.
The delay is making it difficult for investors to analyze and manage the risks for companies that depend on minerals through global supply chains.
It also has meant ill effects for people of Congo, where armed groups have been preying upon minerals operations, leading to instability and abuses of human rights.
Please put a final rule into effect without further delay, and without any phase-in period that would mean more time wasted in fulfilling the promise of Sec. 1502.
George & Frances Alderson