HR-7085 — To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.

YourVoice.Now Summary

Transparency & AccountabilityCorporate Benefits

Public companies would stop reporting whether products use minerals from Congo's war zones — one less thing you can look up.

Transparency & Accountability

Public reports on minerals from Congo — yearly filings would end

Public companies now report each year whether their products use tin, tungsten, tantalum, or gold from Congo or nearby. They post that report on their own website. Both duties would end.

Corporate Benefits

Fewer reporting duties for public companies — yearly supplier checks end

Companies would no longer have to trace those metals back through their suppliers. They would also skip the outside audit that some of those reports need today.

More about this bill

Most people would see no change in daily life. What would change is what you can look up about the things you buy. Public companies today file a report each year on some of the metals in their products. It covers tin, tungsten, tantalum, and gold that may come from Congo or a nearby country. Companies must check their suppliers and post what they find on their own website. That rule would end. Congress created the rule in 2010 to keep mineral money away from armed groups in Congo's war zones. A federal watchdog agency later found the rule had not made the region safer. The repeal would take effect as soon as it became law. The House has not voted on it yet.

Congressional 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.)

Legislative Subjects

Administrative law and regulatory proceduresBusiness recordsConflicts and warsMetalsMiningSecurities and Exchange Commission (SEC)

Details

Congress: 119th
Chamber: House
Status: summarized
Action: Placed on the Union Calendar, Calendar No. 481.
Action Date: 2026-03-19
Date Added: 2026-04-19
Source: Congress.gov →

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