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Speech by SEC Chairman: Statement at SEC Roundtable on Conflict Minerals

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Published on Aug 23, 2012

Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on Aug. 22, 2012.

Today, the Commission will consider two items required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

First, we will consider whether to adopt a rule requiring companies to make certain specialized disclosure about conflict minerals.

And, second we will consider whether to adopt a rule requiring resource extraction companies to disclose payments they make to the U.S. or foreign governments.

I am recused from participating in the second matter concerning issuers in extractive industries.

We begin with the conflict minerals rule.

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