The U.S. Securities and Exchange Commission’s (SEC) legal battle to preserve its final conflict mineral rule has been ongoing since 2012, when the National Association of Manufacturers (NAM) first issued its challenge.
Since then, the case has undergone many twists, turns, decisions and appeals. Companies and stakeholders have watched closely, waiting to see how the case would affect their conflict minerals compliance requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act’s.
Initially, NAM issued several challenges to the law. Only its argument that the rule’s requirements violated the First Amendment was upheld by the court, leading to an appeal from the SEC. While the appeal has since been resolved, the case is still ongoing.
In an effort to clarify the case’s history, Assent Compliance’s regulatory experts have built an infographic detailing its timeline.