H.R. 7085 was reported by committee and awaits a floor vote
To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
Written by the Congressional Research Service [2]. 125 words.
This bill repeals reporting requirements related to the use of certain minerals from the Democratic Republic of the Congo (DRC) and the surrounding area by publicly traded companies. Currently, publicly traded companies must annually make disclosures if certain minerals (tin, tungsten, tantalum, or gold) are necessary to the functionality or production of a product manufactured by the company. As part of the reporting process, companies must determine if such minerals are from the DRC or the surrounding area and exercise due diligence to determine if the minerals are DRC conflict free, not found to be DRC conflict free, or are unable to be classified. ( DRC conflict free means the minerals do not finance or benefit armed groups in the DRC or an adjoining country.)
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 1 of 121 bills enacted since 2013
- Text versions
- 2, from introduced in house to reported in house · 77 words
- Subjects
- Administrative law and regulatory proceduresBusiness recordsConflicts and warsMetalsMiningSecurities and Exchange Commission (SEC)
- Latest action
- Mar 19, 2026: Placed on the Union Calendar, Calendar No. 481.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.