After Obama signed Dodd-Frank in July 2010, the Congo rule became law of the land.
By PATRICK REIS
A measure to stop use of gold and other “conflict minerals” from forced-labor mines run by Congolese warlords might seem like something Washington could rally behind — but not when it’s wrapped up in the Dodd-Frank financial reforms. The law, tucked into the 2,000-page Dodd-Frank Act that President Barack Obama signed in 2010, was based on a simple premise: By requiring companies to disclose their efforts to keep from using the minerals used to fund paramilitary groups that terrorize local populations, Congress could choke off the black market for them. There was bipartisan support and excitement about using financial reform law as a method for tackling human rights in Africa. Continue reading