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Appellate Court Dings Conflict Minerals Rule Again

Joe Mont | August 18, 2015

The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Securities and Exchange Commission another setback as it seeks to require companies to disclose the use of minerals that may fund militias in the Democratic Republic of the Congo. On Tuesday, a 2-1 decision upheld an earlier ruling that prohibited the SEC from requiring companies to publicly report whether their products are "not found to be DRC conflict free" on the grounds that doing so violates free speech protections.

The decision resolves, for now, a lawsuit against the SEC by the National Association of Manufacturers, U.S. Chamber of Commerce, and the Business Roundtable. In April 2014, the U.S. Appeals Court for the District of Columbia Circuit...

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