The U.S. Chamber of Commerce and National Association of Manufacturers asked a federal court to modify or scrap U.S. Securities and Exchange Commission rules governing so-called conflict minerals.

The SEC adopted a regulation in August that requires companies using gold, tin, tungsten and tantalum in their products to make "reasonable" efforts to determine if those materials came from the Democratic Republic of Congo or an adjoining country. Business groups have complained the measure is burdensome, costly to administer and ineffective.

Trade in those minerals — used in electronic devices — is helping to finance conflict and contributing to a humanitarian crisis in the central African nation, according to the SEC.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.