Dodd-Frank Defending Against Another Financial Crisis…in the Congo?Commentary by David Grantham
November 06, 2015
The conflict minerals provision tucked deep inside the gigantic Dodd-Frank Act requires manufacturers to determine their use of minerals sourced from the Democratic Republic of the Congo (DRC), namely tungsten, tin, tantalum and gold. These minerals can be found in an assortment of products like clothing, electronics and household goods. Why was a manufacturing regulation attached to a financial reform bill? To protect Main Street from Wall Street? Nope. To curb conflict in the Congo.