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Federal Court Upholds Corporate Accountability Disclosure Rule
In a decision issued late today, a federal district court upheld in full the Securities and Exchange Commission’s (SEC) “conflict minerals rule” and the statute that required adoption of the rule, said Amnesty International and Public Citizen. The conflict minerals rule requires corporations reporting to the SEC to investigate and publicly disclose whether their sourcing practices finance armed groups in the Democratic Republic of the Congo (DRC). The rule will bring much-needed transparency to companies’ sourcing of conflict minerals and provide critical information to investors and consumers.