Businesses Appeal SEC Conflict Minerals Disclosure Rule

Law360, New York (September 13, 2013, 3:04 PM EDT) -- The U.S. Chamber of Commerce and two business groups on Wednesday told a federal appeals court that the U.S. Securities and Exchange Commission's disclosure requirement for companies using “conflict minerals” violates the First Amendment.

The appeal comes after a lower court decision upholding the disclosure requirement, which the SEC says will help cut off funding to violent groups in the Democratic Republic of the Congo.

The rule, which forces companies to post on their websites that their products contribute to human rights abuses in the DRC,...
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