H.R. 7085 House Finance and Financial Sector
To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
STAGE 3 OF 8 — CALENDARS AND SCHEDULING
Currently in the House. Last action: placed on the union calendar, calendar no. 481 on Mar 19, 2026.
- House Introduced in House Jan 15, 2026
- House Referred to the House Committee on Financial Services. Jan 15, 2026
- House Committee Consideration and Mark-up Session Held Jan 22, 2026
- House Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24. Jan 22, 2026
- House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560. Mar 19, 2026
- House Placed on the Union Calendar, Calendar No. 481. Mar 19, 2026
Subjects
Administrative law and regulatory proceduresBusiness recordsConflicts and warsMetalsMiningSecurities and Exchange Commission (SEC)
Committees
- Financial Services Committee
- Reported By , Mar 19, 2026
- Markup By , Jan 22, 2026
- Referred To , Jan 15, 2026
Summary
This bill repeals reporting requirements related to the use of certain minerals from the Democratic Republic of the Congo (DRC) and the surrounding area by publicly traded companies. Currently, publicly traded companies must annually make disclosures if certain minerals (tin, tungsten, tantalum, or gold) are necessary to the functionality or production of a product manufactured by the company. As part of the reporting process, companies must determine if such minerals are from the DRC or the surrounding area and exercise due diligence to determine if the minerals are DRC conflict free, not found to be DRC conflict free, or are unable to be classified. (DRC conflict free means the minerals do not finance or benefit armed groups in the DRC or an adjoining country.)
Summary as of: Reported to House
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