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Portion of debated SEC Dodd-Frank rule is unconstitutional, D.C. Circuit says
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Case Law, Dodd-Frank Basics, Minerals
Friday, April 18, 2014
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The U.S. Court of Appeals for the District of Columbia Circuit ruled that a portion of a hotly debated Dodd-Frank rule promulgated by the Securities and Exchange Commission violates the First Amendment. The commission’s “conflict minerals” rule implemented Dodd-Frank provisions that require certain firms to describe whether their products are “conflict free” in relation to the ongoing armed struggle in the region of the Congo. However, the court said the statute interferes with the exercise of the freedom of speech.
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