Yesterday, the Republican-led U.S. House passed a bill that delays for two years one mandates of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and eliminates two others. This is the third bill making it out of the House that attempts to pull back Dodd-Frank.
Section 1502, the conflict minerals disclosure requirement, is unaffected by this legislation but that doesn’t necessarily mean that 1502 won’t ultimately be considered at some point. A New York Post piece from earlier this week does a good job of explaining why and potential tactics for doing so. At the same time, any overt changes to the law face uncertainty in the Democratic majority Senate and a potential presidential veto.