HR 7085 119th Congress

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

Latest Action

Placed on the Union Calendar, Calendar No. 481.

Congress.gov

Sponsors

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.)

Actions

2026-03-19T00:00:00

Placed on the Union Calendar, Calendar No. 481.

2026-03-19T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560.

2026-03-19T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560.

2026-01-22T00:00:00

Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.

2026-01-22T00:00:00

Committee Consideration and Mark-up Session Held

2026-01-15T00:00:00

Referred to the House Committee on Financial Services.

2026-01-15T00:00:00

Introduced in House

2026-01-15T00:00:00

Introduced in House

Policy Areas

Finance and Financial Sector

Track this bill on CivicBeacon

Get push notifications when this bill is updated, contact your reps, and take action.

Download on the App Store Get it on Google Play