Sponsor
Bill Huizenga
Representative · R-MI
Representative · R-MI
The bill reduces compliance costs and regulatory burden for companies and agencies but removes investor and public visibility into mineral sourcing, increasing risks of financing armed groups and shifting potential oversight and humanitarian costs onto governments and NGOs.
Public companies and their suppliers will save money and administrative time because they no longer must prepare and file conflict-minerals disclosures, reducing compliance costs.
Consumers (taxpayers) may pay lower prices for goods if companies pass along reduced due-diligence and compliance expenses.
Federal and state regulators (including the SEC) will face reduced rulemaking and enforcement workload because the conflict-minerals disclosure mandate and related agency responsibilities are removed.
Companies and investors will lose transparency about whether minerals are sourced from armed groups, undermining investors' ability to make informed ESG and financial decisions.
Consumers and the public may face greater exposure to security and human-rights harms because reduced disclosure and due diligence can lessen pressure on firms to avoid sourcing that finances armed groups.
State governments, NGOs, and taxpayers could bear increased oversight, remediation, and humanitarian costs if abuses rise and private-sector remediation declines.
Based on analysis of 2 sections of legislative text.
Removes the federal conflict minerals disclosure requirement and strikes Dodd‑Frank section 1502, eliminating statutory issuer due-diligence and reporting obligations about certain minerals.
Official title: To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
Introduced January 15, 2026 by Bill Huizenga · Last progress January 15, 2026
Repeals the federal conflict minerals disclosure regime by removing the statutory SEC disclosure requirement and striking Dodd-Frank section 1502. Public companies would no longer be required by that statute to report whether their products contain certain minerals from conflict-affected regions or to perform and disclose related due-diligence on their supply chains. The change eliminates the underlying statutory authority that created the issuer reporting and related due-diligence obligations.