The Securities and Exchange Commission voted Wednesday toapprove a rule requiring companies to disclose any conflictminerals they use to manufacture products, a measure that criticssays will impose significant costs on companies.
The controversial regulation,which was mandated by Dodd-Frank, says companies must disclosetheir usage of tantalum, tin, tungsten and gold from the DemocraticRepublic of the Congo and surrounding African countries. The finalversion provides some leeway on recycled and scrap material, andgives companies until May 31, 2014, to file their firstdisclosure.
However, many have criticized the SEC for not fully assessingthe cost of the measure.
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