Friday, September 16, 2011

Stem to Stearns?

There is no doubt that the implementation of the law has been sorely wanting, and that there need to be more focus on governance and political developments in general and not just conflict minerals. Nonetheless, I still believe that the Dodd-Frank bill - in Section 1502 on the Congo - should be supported.
--Jason Stearns, August 10, 2011

[T]he legislation passed by Congress last year requiring companies to scrutinize their Congolese supply chains made a lot of sense in itself, but it was ill adapted to the Congolese context. A dysfunctional and corrupt state makes tracing minerals difficult; without the local infrastructure necessary to enforce them, the law's stiff requirements have led most U.S.-based companies to boycott Congolese minerals since April of this year, depriving thousands of Congolese of their livelihoods.
--Jason Stearns, August 27, 2011

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