JUSTICE — FINANCIAL REGULATION BILL CONTAINS MEASURE TO ADDRESS ‘CONFLICT MINERALS’: Congressional negotiators reached a deal on Friday to reconcile the House and Senate versions of financial regulatory reform. The bill contains an obscure provision “that requires any publicly traded company that uses certain minerals to file reports annually with the Securities and Exchange Commission certifying whether the minerals originated in Congo or neighboring countries.” Many of the minerals used in electronic devices like cell phones and computers are mined in the Congo, a country “plagued by regional conflict and a deadly scramble for its vast natural resources.” The mineral sales finance “multiple armed groups, many of whom use mass rape as a deliberate strategy to intimidate and control local populations.” The provision in the financial regulation bill is designed to, according to its sponsor, Sen. Sam Brownback (R-KS), “brings accountability and transparency to the supply chain of minerals used in the manufacturing of many electronic devices.” The Center for American Progress’ Enough Project — an organization “helping to build a permanent constituency to prevent genocide and crimes against humanity” — advocated for the inclusion of this provision. Though industry lobbyists complained about the cost, Enough’s Jenny Russell pointed out that “tech companies have admitted it would cost one penny per product to ensure a conflict-free supply chain.” Reacting to the provision’s passage, Enough’s John Prendergast said, “A year ago most members of Congress hadn’t even heard of conflict minerals.” Now, “in the middle of a turbulent legislative calendar, activists all over the country were heard loudly and clearly.” Private institutions are also joining the effort. Stanford University’s trustees recently considered a resolution “to create a new proxy voting guideline” that would “support shareholders’ efforts to make companies trace the supply chain of the minerals used in their products.” If the guideline is adopted, “it would be the first university in the country to take such action on the issue.”