On August 22, 2012, the Securities and Exchange Commission (SEC) issued the long-awaited Conflict Minerals Rule as required by Section 1502 of the Dodd-Frank Act. Now, the Conflict Minerals Rule is facing a legal challenge.
On October 22, 2012, the United States Chamber of Commerce and the National Association of Manufacturers (Petitioners) filed an Amended Petition for Review with the US Court of Appeals, District of Columbia Circuit. The Petitioners requested that the new Conflict Minerals Rule be modified or set aside in whole or in part. After the initial filing, the Business Roundtable joined the Petitioners and two Amnesty International entities jointed the Respondent (SEC) in the challenge.
This publication summarizes the Petitioners’ Brief and two amicus briefs filed to date. The SEC’s own brief is due Friday, March 1, 2013.