Posted on 05/21/2010 7:27:42 PM PDT by markomalley
| During their long effort to pass a financial regulation bill, senators cited many causes for the housing crisis and the financial market collapse that led to the recession. The mining of minerals in Congo was not one of them. Nevertheless, tucked into the bill passed by the Senate on Thursday is a 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.
It also requires them to report what steps the company took to ensure that the purchase of these minerals did not benefit armed groups in Africa. Minerals trading in Africa is often used to finance military activities. These are not just any minerals, however. Columbite-tantalite, cassiterite, wolframite, gold and metals derived from them are widely used in the manufacture of cellphones, laptop computers, MP3 players, digital cameras and all sorts of other consumer electronics. Thus, the regulations could affect hundreds of companies. Wolframite, for example, is a source of tungsten, which is used in integrated circuits, light bulbs, and computer and television screens. The measure calls for any company using the minerals as a primary ingredient in its products to file the reports and to describe the steps taken to ensure that its mineral procurements did not benefit armed groups in Africa. |
(Excerpt) Read more at nytimes.com ...
time to raise hell. anyone taken a close look at all the waste being flushed through congress this year...how about they give it back.
I have been saying for years, these RINO progressives have been hiding behind the Courts, now they are outing themselves before the next election. Too bad 99% of the voters will never know about it.
Imperialist want to control all source of natural resources and at the same have the socialist control all labor markets. New World Order
New term for puppet masters: Imperialsocialis
New World Order: Individual rights and free markets are not allowed.
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