Conflict Mineral Regulation: Vote Slated for August

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The Securities and Exchange Commission (SEC) has announced an open meeting (see below) to vote on the final conflict minerals rule on August 22, 2012.

IPC says it will be making one last lobbying push to emphasize the importance of a phase in period, reasonable treatment of recycling, and other issues of concern. Additionally, they will continue to move forward with drafting of our due diligence guidance document, participation in the OECD guidance pilot implementation, and other tools to help our members.

Finally, assuming regulations are adopted on August 22, 2012, IPC will plan to hold educational seminars in California, Chicago, and Boston in late October or early November.

Other associations and lobbying groups are likely doing the same.

SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting

The announcement:
“Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94-409, that the Securities and Exchange Commission will hold an Open Meeting on Wednesday, Aug. 22, 2012, at 10 AM, in the Auditorium, Room L-002.

The subject matters of the Open Meeting will be:

  1. Item 1: The Commission will consider whether to adopt rules regarding disclosure and reporting obligations with respect to the use of conflict minerals to implement the requirements of Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
  2. Item 2: The Commission will consider whether to adopt rules regarding disclosure and reporting obligations with respect to payments to governments made by resource extraction issuers to implement the requirements of Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
  3. Item 3: The Commission will consider rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act, as mandated by Section 201(a) of the Jumpstart Our Business Startups Act

At times, changes in Commission priorities require alterations in the scheduling of meeting items.  Keep your eyes peeled and/or subscribe to this blog — or to IPC updates or the like.