The Dodd Frank Act is a significant law sure to have a wide ranging impact on the jewelry industry. The legislation, passed in 2010, addresses “conflict minerals” identified as tin, tantalum, tungsten and gold. Pursuant to Dodd Frank, companies that are listed with the Securities and Exchange Commission (SEC), and that use these minerals will have to provide specific information to the public concerning the minerals. Companies that supply SEC listed companies (either directly or indirectly) will be impacted and may have to institute new measures governing their supply chain.
Specifically in this guide you will find:
- A summary of Dodd Frank and how it impacts companies dealing in these minerals (tin, tantalum, tungsten and gold)
- The impact of Dodd Frank on non-SEC listed businesses
- Suggestions on practical steps suppliers can take to meet the needs of their customers that must file reports with the SEC (or their customers that in turn supply SEC reporting companies) and examples to illustrate these steps
- FAQs that might be helpful to your understanding of the impact of Dodd Frank on your company and definitions of important terms, with explanations.