Washington, DC — In response to reports that the President Trump is planning to issue an executive order targeting the US conflict minerals provision, also known as Section 1502 of Dodd-Frank, Carly Oboth Policy Adviser at Global Witness said:
“Any executive action suspending the US conflict minerals rule would be a gift to predatory armed groups seeking to profit from Congo’s minerals as well as a gift to companies wanting to do business with the criminal and the corrupt.
“This law helps stop US companies funding conflict and human rights abuses in the Democratic Republic of Congo and surrounding countries. Suspending it will benefit secretive and corrupt business practices. Responsible business practices are starting to spread in eastern Congo. This action could reverse that progress.
“It is an abuse of power that the Trump Administration is claiming that the law should be suspended through a national security exemption intended for emergency purposes. Suspending this provision could actually undermine US national security.”
Leaked Trump presidential memo would free companies to buy conflict minerals from Congo's warlords https://t.co/Vv4DEctq3K by @lhfang
— The Intercept (@theintercept) February 8, 2017
The conflict minerals law, known as Section 1502 of the Dodd Frank Act, aims to help stop mineral trading fuelling conflict in Central Africa by requiring companies to check whether they are funding conflict or human rights abuses through their purchases of minerals, including tin, tantalum, tungsten and gold. These minerals are crucial parts of many products manufactured and sold in the US, from jewelry and airplanes to laptops and mobile phones.
Proposed Trump executive order would allow US firms to sell 'conflict minerals' https://t.co/3gkpfAp62o
— Guardian US (@GuardianUS) February 8, 2017
For over a decade, Global Witness has exposed the role of minerals in fuelling conflict and human rights abuses in eastern Congo and played a leading role in securing passage of the conflict minerals provision.