Retailers Blast SEC's 'Conflict Minerals' Disclosure Rule

Law360, New York (September 19, 2013, 2:04 PM EDT) -- Retail trade groups on Wednesday backed the U.S. Chamber of Commerce’s appeal of the U.S. Securities and Exchange Commission's disclosure requirement for companies using “conflict minerals,” telling the D.C. Circuit the agency’s rule shouldn’t apply to businesses that merely contract to manufacture products.

The National Retail Federation and the Retail Litigation Center Inc. claim the SEC has wrongly interpreted a Dodd-Frank Act provision requiring manufacturers to reveal if their products contain minerals mined in the midst of armed conflict and human rights abuses, such as those...
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