A leaked draft presidential memo from the Trump administration would suspend the provisions in Dodd-Frank that limit US firms in sourcing their "conflict minerals" from the Democratic Republic of Congo, where the trade in these minerals provides funding to warlords who target civilian populations for campaigns of terror.
Dodd-Frank contains a rule allowing the President to suspend the ban for national security. The memo indicates that Trump would invoke this rule, though without citing any specific national security basis for doing so.
Intel lobbied heavily against the ban on conflict metals from the DRC, and was part of an unsuccessful lawsuit against the rule, brought by trade groups, the U.S. Chamber of Commerce and the Business Roundtable.
Human rights advocates — who had celebrated the conflicts rule as a major step forward — were appalled. “Any executive action suspending the U.S. conflict minerals rule would be a gift to predatory armed groups seeking to profit from Congo’s minerals as well as a gift to companies wanting to do business with the criminal and the corrupt,” said Carly Oboth, the policy adviser at Global Witness, in a statement responding to a Reuters article that first reported the move.
“It is an abuse of power that the Trump administration is claiming that the law should be suspended through a national security exemption intended for emergency purposes. Suspending this provision could actually undermine U.S. national security.”
Draft Presidential Memorandum Suspending Conflict Minerals Rule
Leaked Trump Presidential Memo Would Free U.S. Companies to Buy Conflict Minerals From Central African Warlords [Lee Fang/The Intercept]
Philips has acquired Luciom, a French startup that makes Li-Fi products, which allow for very fast network connections over short distances by flickering an LED at speeds that are too fast to register on the human eye, and which can ever work in the dark by operating at low dimness settings the human eye perceives […]
Many insurers offer breaks to people who wear activity trackers that gather data on them; as Cathy “Mathbabe” O’Neil points out, the allegedly “anonymized’ data-collection is trivial to re-identify (so this data might be used against you), and, more broadly, the real business model for this data isn’t improving your health outcomes — it’s dividing […]
As the US government ramps up its insistence that visitors (and US citizens) unlock their devices and provide their social media accounts, the solution have run the gamut from extreme technological caution, abandoning mobile devices while traveling, or asking the government to rethink its policy. But Maciej Cegłowski has another solution: a “travel mode” for […]
Not all hackers are malicious information thieves—white-hat ethical hackers work with technology companies to ensure the security of their computer systems and user data. With all of today’s high-profile data breaches, ethical hackers are in considerable demand. To learn these critical skills and break into the high-paying cyber security field, try taking the courses in this […]
Making people aware of goods and services in the digital age requires an array of new strategies from social media and email to number-crunching tools like Google Analytics. To get a handle on the techniques used to capture attention and convert traffic into dollars in a crowded online environment, the Full-Stack Marketer Bundle offers 22 hours of training to get […]
Having a luxurious bed isn’t just a fairy tale from a catalog; it is a real, affordable possibility with offerings like this Olive+Owen bedroom set. If you’re thinking of doing some “spring cleaning”, this bed set is an easy way to completely upgrade your room in one purchase.This 20-piece collection has all of the expected slumberland elements, […]