In a letter filed February 16, 2012 (the same date as a letter filed by a group lead by Senator Patrick Leahy), another group of five high ranking US Senators pushed SEC to finalize the conflict minerals rules, saying “it has been over a year and a half since Section 1502 was signed into law and its full and meaningful implementation is long overdue”.
Substantive comments made in the short letter include:
- “Congress did not intend for Section 1502 to provide companies with an option to report that the origin of materials cannot be identified. If a company cannot affirm that the minerals are “conflict-free”, the only other conclusion that could be reported would be that the product may contain materials the directly or indirectly finance armed groups in the DRC.”
- “… we strongly urge you to issue strong regulations with no phase-ins or delays…”
The letter is co-signed by Senators Barbara Boxer, Frank Lautenberg, Barbara Mikulski, Sheldon Whitehouse and Ron Wyden.