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Statement by World Vision on recent lawsuit over conflict mineral regulation in Dodd-Frank Act

Suit threatens American consumer confidence and innocent lives abroad, says World Vision

Media contact:

Holly Frew
World Vision Media Relations Manager

Washington, DC (October 26, 2012) — Last Friday’s lawsuit from the U.S. Chamber of Commerce and the National Association of Manufacturers challenging the Security Exchange Commission’s conflict mineral rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act demonstrates a lack of transparency toward American consumers and puts innocent people living in conflict mineral-rich countries at risk, says World Vision.

"In today’s business environment, companies are expected to be more transparent in their operations, and the conflict mineral rule was adopted to hold companies accountable for assuring consumers that their product purchases are not funding localized violence or political instability which could threaten the United States,” said Robert Zachritz, World Vision’s Senior Director for Advocacy and Government Relations. “If company supply chains are truly free of conflict minerals, they should not have a problem disclosing that to their consumers.”

World Vision is a Christian humanitarian organization that has worked in the Democratic Republic of Congo, where most of the world’s conflict minerals are mined, since 1984, and has served more than 2.5 million people, including internally displaced people (IDPs), poor and vulnerable children, families, and entire communities. In March 2011, the organization, along with other leading humanitarian organizations, urged the SEC to implement the Conflict Minerals Rule, and it was adopted in August of this year.

"It is disappointing that some companies would prefer to spend money on legal fees to fight this humanitarian provision rather than simply abide by the disclosure rules that not only ensure innocent lives are protected from unnecessary violence, but also improves consumer confidence in their products," said Zachritz.

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About World Vision:
World Vision is a Christian humanitarian organization dedicated to working with children, families, and their communities worldwide reach their full potential by tackling the causes of poverty and injutice. We serve the world's poor — regardless of religion, race, ethnicity or gender. For more information on their efforts, visit WorldVision.org/press or follow them on Twitter at @WorldVisionNews

World Vision
Phone: 1-888-511-6548
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