As lawsuits continue to take aim at rulemaking pushed upon regulators by the Dodd-Frank Act, the mandated disclosure of “conflict minerals” in supply chains could be next on the hit list.
On Thursday morning, the U.S. Chamber of Commerce, the American Petroleum Institute, the Independent Petroleum Association of America, and the National Foreign Trade Council announced that they have taken legal action to stop a final rule issued by the Securities and Exchange Commission that requires oil, gas and mining companies to disclose many of the payments made to governments for the right to extract resources.
