To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.

Plain-English Summary

This bill would eliminate a requirement that currently forces publicly traded U.S. companies to disclose whether certain minerals used in their products come from conflict zones — specifically the Democratic Republic of Congo (DRC) and surrounding regions in Central Africa. The existing rule, which was created by the 2010 Dodd-Frank Wall Street Reform Act, requires companies to investigate their supply chains and report to the Securities and Exchange Commission (SEC) if their products contain "conflict minerals" — gold, tin, tantalum, or tungsten — that may have funded armed groups responsible for violence and human rights abuses.

If passed, this bill would remove that reporting obligation entirely. Companies that currently spend time and money tracing where these minerals come from and filing related disclosures would no longer be required to do so. Supporters of repealing the rule have argued that the requirements are costly and burdensome for businesses, particularly smaller companies, and that the disclosures have not effectively reduced conflict in the affected regions. Opponents of repeal argue that eliminating the rule removes an important tool for corporate accountability and could make it harder to track whether products are linked to violence or human rights violations.

The bill passed out of the House Financial Services Committee on a close vote of 30–24 and has been placed on the calendar for a full House vote. It primarily affects publicly traded companies in industries that use these minerals — such as electronics, automotive, and jewelry manufacturers — as well as investors, human rights advocates, and communities in Central Africa where these minerals are mined.