• The Dodd-Frank Act: New Disclosure Requirements for Reporting Issuers Engaged in Extractive Enterprises or Using Conflict Minerals
  • August 16, 2010 | Authors: Abigail Arms; David J. Beveridge; Christopher John Cummings; Pamela M. Gibson; Pamela M. Gibson
  • Law Firms: Shearman & Sterling LLP - New York Office ; Shearman & Sterling LLP - London Office ; Shearman & Sterling LLP - New York Office ; Shearman & Sterling LLP - London Office ; Shearman & Sterling LLP - New York Office
  • On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act” or the “Act”) was signed into law by President Obama. In addition to the Dodd-Frank Act’s well-publicized financial regulatory reforms, the Act contains three provisions that will impose additional disclosure requirements relating to the extraction and use of natural resources. Section 1502 of the Dodd-Frank Act requires disclosure relating to the activities of issuers who use “conflict minerals” originating in the Democratic Republic of the Congo or adjoining countries.