March 7, 2017
If the Rule is suspended or weakened, it would incentivize armed groups in eastern Congo to return to hundreds of tin, tantalum, and tungsten mines, causing an increased humanitarian crisis. This would also lead to increased corruption in the minerals certification process in Congo and the region, thus creating major risks for U.S. companies sourcing minerals, and it would likely lead to a new de facto embargo on minerals from Congo, Rwanda, and the Great Lakes region. Furthermore, the cost for U.S. businesses to comply with the rule has been 74 to 85 percent less than the original SEC estimate, according to new information from Elm Sustainability Partners.
I urge the SEC to oppose any suspension, weakening, or repeal of the Conflict Minerals Rule.
Thank you for your consideration.