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Tell the SEC to Keep the Conflict Minerals Regulations Strong

The Securities and Exchange Commission (SEC), a U.S. financial oversight body, has developed the first draft of reporting requirements for companies covered by the U.S. legislation on Congo's conflict minerals. Thanks to public action the proposed regulations incorporate points that we feel are essential to curbing the illicit trade in conflict minerals and ensuring our purchases do not contribute to a deadly war. But just as they did before, companies are actively calling for these rules to be watered down easing the reporting requirements placed on them, for example jewelry companies are asking for an exemption from the requirements all together. These draft regulations are open for public comments until March 2nd after which time they will be finalized as law.

A few months ago you helped us provide the SEC with over two thousand signatures and comments to voice how important it is for the legislation to deliver on its purpose: clean, transparent supply chains that facilitate a mining sector in Congo that benefits its people - and your voices were heard! Now as we enter the final stretch we need you to lend your voices once again to ensure the final rules remain strong.

Sign the petition below, and tell us in your own words why it matters to you. Then send this petition to as many people as you know so we can amplify the public voice even louder than before.

Citizen Petition to U.S. Securities and Exchange Commission Regarding Section 1502 of the Dodd-Frank Act

Honorable Commissioners:

As concerned consumers and constituents here in the United States, we applaud the U.S. Securities and Exchange Commission for its solid proposal to ensure that conflict minerals legislation deliver on its intended purpose: Clean and transparent supply chains that do not source minerals from conflict mines in eastern Congo or contribute to the ongoing violent conflict waged by armed groups in the region.

As you work to finalize these regulations we write to ask you to ensure the following essential points remain included in the final rules so that consumers can be confident that companies are conducting thorough checks and accurately disclosing critical information to the public about their supply chains:

  • 1. Supply chain checks by companies that are specific and verified. It is critical that the SEC specifically lay out the “Due Diligence” steps that companies take to check their supply chains.  If a company does not source from Congo, it should issue a detailed third-party audit report saying how it verified that information.  If a company does source from Congo, it should specifically report on the capacity of each mine it sources from, along with the weights and dates of individual mineral shipments and the taxes paid to the government or armed groups. This report should be independently audited and all information should be available to the public. “Business confidentiality” is a valid argument for not disclosing the price paid for minerals, but not for this information; it is essential to curb smuggling and does not harm companies’ competitive interests.

  • 2. Equal reporting standards for all four minerals. While the 3 T’s (tin, tungsten, tantalum) and gold are unique, different reporting standards only weaken the regulations and create the possibility of loopholes. Furthermore, numerous companies from the electronics to jewelry industries have confirmed that it is reasonable and possible to secure disclosure on each of these supply chains.

  • 3. All manufacturing companies must be included. Within the legislation passed, Congress intended for all manufacturing companies which use minerals in their products, regardless of how small the percentage or what label they manufacture under to be required to trace and disclose information on their supply chains. This intention must be delivered on through comprehensive regulations.

It is vitally important that companies at minimum undertake the steps above to ensure transparency in the minerals supply chain.  As consumers and investors, we believe these steps, most of which already have the support of the United Nations Security Council and the Organization for Economic Cooperation and Development, are the only way to ensure a transparent system that will give consumers and investors the choice not to support violent conflict in eastern Congo.

This petition is no longer active.
26-50 of 6796 signatures
Number Date Name Tell us in your own words ...
6771 Sat Feb 05 18:59:19 EST 2011 Anonymous
6770 Sat Feb 05 16:47:55 EST 2011 carol olivier too many lives ended - too many, way too many, women brutalized beyond imagination because of our appetites for toys and gadgets. this must end.
6769 Sat Feb 05 16:32:45 EST 2011 Catherine Tracy Goode
6768 Sat Feb 05 15:00:35 EST 2011 Robert Gamache Human rights belong to all.
6767 Sat Feb 05 14:46:32 EST 2011 Anonymous It is wrong for corporations to profit from the suffering of the people of the Congo.
6766 Sat Feb 05 14:08:01 EST 2011 Anonymous
6765 Sat Feb 05 14:05:09 EST 2011 Robert Jay Ross
6764 Sat Feb 05 13:30:26 EST 2011 Gabriella Modan Commerce in these minerals continues to fund armed violence in Congo. The US needs to do its part to end this funding source. I am willing to pay more for technology and make sacrifices in my convenience More....
6763 Sat Feb 05 13:23:21 EST 2011 Anonymous The thought that an item I use for convenience, might be made at the expense of other's exploitation is horrible to me.
6762 Sat Feb 05 13:15:56 EST 2011 Anonymous
6761 Sat Feb 05 12:07:40 EST 2011 Richard Clemans
6760 Sat Feb 05 10:08:51 EST 2011 Anonymous It is past time for the Southern peoples of the Congo to enjoy peace and be able to return home. Registering the conflict minerals is a major method of ensuring that boundaries are respected and that More....
6759 Sat Feb 05 08:46:30 EST 2011 Anonymous
6758 Sat Feb 05 06:43:12 EST 2011 Anonymous
6757 Sat Feb 05 04:27:17 EST 2011 Joan and Wallace MacDonald
6756 Fri Feb 04 23:48:50 EST 2011 Anonymous
6755 Fri Feb 04 22:07:57 EST 2011 Anonymous
6754 Fri Feb 04 21:54:54 EST 2011 Anonymous
6753 Fri Feb 04 21:50:19 EST 2011 Anonymous
6752 Fri Feb 04 20:58:09 EST 2011 Anonymous
6751 Fri Feb 04 20:52:35 EST 2011 Anonymous
6750 Fri Feb 04 18:51:12 EST 2011 Norman Coppola Who wants to be a part of the profits that support murderers and rapists? We don't. So please give us the information needed not to.
6749 Fri Feb 04 18:47:09 EST 2011 Anonymous Sourcing conflict minerals from some sectors means giving money to some very bad people. We need regulations to prevent funding of the terrible violence thar takes place. Greed is a terrible thing!
6748 Fri Feb 04 17:54:07 EST 2011 Eden Blackwell
6747 Fri Feb 04 17:35:42 EST 2011 Anonymous
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