Conflict minerals: peace and security in Democratic Republic of the Congo have not improved with SEC disclosure rule : report to congressional committees / United States Government Accountability Office.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office, author, issuing body.

Language:

English

Subjects (All):

United States. Dodd-Frank Wall Street Reform and Consumer Protection Act.

United States.

United States. Securities and Exchange Commission--Rules and practice.

Mineral industries--Corrupt practices--Democratic Republic of the Congo--Prevention.

Mineral industries.

Conflict management--Democratic Republic of the Congo--Evaluation.

Conflict management.

Mineral industries--Social aspects--Democratic Republic of the Congo.

Women--Violence against--Democratic Republic of the Congo--Prevention.

Women.

Physical Description:

1 online resource (iv, 130 pages) : color illustrations, color maps, color photographs

Other Title:

Peace and security in Democratic Republic of the Congo have not improved with SEC disclosure rule

GAO-25-107018 Conflict minerals

Place of Publication:

Washington, DC : United States Government Accountability Office, 2024.

Summary:

The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in 2010, noted that the trade of conflict minerals was helping to finance violent conflict in the DRC. Section 1502 of the act required SEC to promulgate regulations containing disclosure and reporting requirements for companies that use these minerals. SEC finalized this rule in 2012, requiring companies to begin annually filing disclosure reports in 2014. According to SEC, in requiring it to promulgate the rule, Congress sought to promote peace and security in the DRC by reducing non-state armed groups' revenue from the mining and trade of conflict minerals. . This report examines, among other things, (1) what can be determined about the SEC disclosure rule's effectiveness in promoting peace and security in the DRC and adjoining countries and (2) how companies responded to the rule when filing with SEC in 2023.

Contents:

Background

SEC disclosure rule generally has not reduced violence in eastern DRC or adjoining countries but has encouraged more transparent sourcing

More companies filed disclosures in 2023, but many were unable to determine conflict minerals' origins

Sexual violence persists in DRC and adjoining countries, and government have taken some steps to address it

Concluding observations

Agency comments and our evaluation

Appendices.

Notes:

"October 2024."

"GAO-25-107018."

In scope of the U.S. Government Publishing Office Catalog and Indexing Program (C&I) and Federal Depository Library Program (FDLP).

Includes bibliographical references.

Description based on online resource; title from PDF title page (GAO, viewed October 10, 2024).

OCLC:

1460252432