March 6, 2014Engel Hails Passage of Loan Guarantee to Ukraine
March 6, 2014Engel Opening Statement at Full Committee Hearing “U.S. Foreign Policy Toward Ukraine”
March 5, 2014Chairman Royce, Ranking Member Engel Introduce Ukraine Resolution Expressing Support for Sanctions
February 27, 2014Engel Opening Statement at Full Committee Markup of H.R. 2548 the Electrify Africa Act of 2014
February 26, 2014Engel Statement on Challenges Posed by a Nuclear North Korea
February 26, 2014Engel Opening Statement, as Prepared for Delivery, at Full Committee Hearing “International Wildlife Trafficking Threats to Conservation and National Security”
February 21, 2014Engel Statement on Agreement Between Ukrainian President and Opposition
Wednesday, August 22, 2012
Washington, DC – Congressman Howard L. Berman, the top Democrat on the House Foreign Affairs Committee, made the following statement in response to the Securities and Exchange Commission’s vote today to approve conflict minerals regulations:
“The SEC’s vote today to approve rules on conflict minerals is a long awaited and important step,“ said Rep. Berman. “However, I am disappointed that the rules give companies anywhere from two to four additional years to disclose the steps they are taking to ensure they are not financing the ongoing violence in the Congo. Such a delay will prolong the suffering of the Congolese people and allow the continued financing of violence from the extraction of valuable minerals in that war weary country.”
Under the new regulations, companies will be required to disclose whether the use of conflict minerals—gold, tin, tungsten, or tantalum sourced from eastern Congo or its neighboring countries—were used in the manufacturing of their product.
These regulations were required under Section 1502 of the Dodd-Frank Wall Street Reform Act. Rep. Berman, who was Chairman of the Foreign Affairs Committee when Dodd-Frank was passed and signed into law, was integral in including conflict mineral language into the broader financial reform legislation.
Over the past two years, Rep. Berman has been a relentless advocate for implementing strong rules. In June, he was joined by 57 colleagues in sending a letter to SEC Chairman Schapiro asking her to schedule a vote on the conflict mineral regulations.