DRC: Assessing the Dodd-Frank Act and its chances of success

The latest news about the US conflict minerals law is that California State has become the first state in the United State to pass its own conflict minerals legislation. This legislation mirrors Section 1502 of the national legislation, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which also aims at addressing the problem of conflict minerals originating from the Democratic Republic of Congo (DRC). All companies, regardless of whether they are importing to the US raw or processed minerals, or as finished components, are expected to report on the due diligence they have undertaken to verify their supply chain and avoid conflict-promoting metals.