Based on concerns raised by IPC’s Solder Products Value Council (SPVC), the Aerospace Industries Association, Information Technology Industry Council, U.S. Chamber of Commerce and IPC recently wrote to the U.S. Securities and Exchange Commission (SEC) to restate and emphasize concerns about the treatment of scrap and recycled materials in the forthcoming rule on conflict minerals.
As detailed in the letter, the associations urged the SEC not to undercut the U.S. government’s strong and consistent support for recycling by adding significant regulatory burdens to the use of recycled and scrap conflict minerals. In addition, the associations asked the SEC not to require a Conflict Minerals Report (CMR) for conflict minerals from recycled or scrap sources.
IPC continues to be a firm advocate for our members’ concerns and an industry leader in helping members to prepare for compliance.
In May, IPC Board Chairman Steve Pudles testified before Congress advocating changes to the draft SEC rule implementing Section 1502 of the Dodd-Frank Act that would lessen the burden on small manufacturing companies and make it easier for companies to more efficiently and effectively comply with the regulations.
In late July, Ed Trackman, IPC vice president of special projects, and Fern Abrams, IPC director of government relations and environmental policy, met with senior SEC staff to highlight the industry’s three most significant concerns: a reasonable phase in period of three to five years, addition of an indeterminate origin category during the phase in period and limited inquiry for recycled and scrap metals. Additionally, IPC encouraged the SEC to craft a final regulation that minimizes the impact on businesses while still achieving the goals of Section 1502 of the Dodd-Frank Act.
Filed under: Compliance, Environment, Health and Safety, Regulations, Uncategorized Tagged: Dodd-Frank Act, recycled materials, SEC
