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GAO-13-579R 1 (2013-04-29)

handle is hein.gao/gaobadpmt0001 and id is 1 raw text is: GAO Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 B-324704 April 29, 2013 The Honorable Tim Johnson Chairman The Honorable Michael D. Crapo Ranking Member Committee on Banking, Housing, and Urban Affairs United States Senate The Honorable Jeb Hensarling Chairman The Honorable Maxine Waters Ranking Member Committee on Financial Services House of Representatives Subject: Securities and Exchange Commission: Conflict Minerals Pursuant to section 801 (a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Securities and Exchange Commission (Commission), entitled Conflict Minerals (RIN: 3235-AK84). Our records show that we received the rule on August 23, 2012. It was published in the Federal Register as a final rule on September 12, 2012. 77 Fed. Reg. 56,274.1 The final rule implements section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals.2 Specifically, section 1502 and this rule require issuers with conflict minerals that are necessary to the functionality or production of a product manufactured by such person to disclose 1 The Congressional Review Act requires GAO to provide our major rule reports to the committees of jurisdiction by the end of 15 days after the submission or publication date. 5 U.S.C. § 801(a)(2)(A). In conjunction with our practice of conducting outreach to agencies when we believe a rule has not been submitted, we discovered that the rule was actually received internally on August 23, 2012. Consequently, our report should have been issued by the end of 15 days after the September 12, 2012, publication date. 2 Pub. L. No. 111-203, § 1502, 124 Stat. 1376, 2213-2218 (2010). GAO-13-579R

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