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SEC's Proposed Rules on Conflict Minerals Disclosure Could Have Broad Impact

Cooley Alert

As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC has recently proposed a new set of public company disclosure rules regarding the use of "conflict minerals" from the Democratic Republic of the Congo (the DRC) and adjoining countries. The proposed new requirements are likely to impact a surprisingly large number of companies because conflict minerals are used in, or in the manufacture of, a wide variety of electronic products, including laptops, mobile phones, PDAs, DVD players, digital cameras, gaming devices and televisions. Conflict minerals may also be present in medical devices, airplanes, cars, machine tools, jewelry and a whole host of other products. The SEC has invited further comment on these proposed rules before they become final.

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Related Contacts
Fred Muto  Senior Counsel San Diego
Kenneth Guernsey  Partner San Francisco, Palo Alto
Cydney Posner  Special Counsel San Francisco
Eric Jensen  Partner Palo Alto, San Francisco
Sam Livermore  Senior Counsel San Francisco
Darren DeStefano  Partner Reston
Nancy Wojtas  Senior Counsel Palo Alto
Francis Wheeler  Partner Colorado
Miguel J. Vega  Partner Boston
Brent Siler  Senior Counsel Washington, DC, Reston
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