Leaders of the U.S. House Committee on Financial Services have sent a letter to President Donald Trump urging the Administration to revise, waive, or terminate the Securities and Exchange Commission conflict minerals disclosure requirements introduced under the Dodd-Frank Act. The letter frames the request as a supply chain and national security issue, arguing that the current disclosure regime has weakened U.S. access to critical minerals. Chairman French Hill and Vice Chairman Bill Huizenga describe the rules as an ineffective Obama-era framework that has allowed China to expand its influence over strategically important resources in Central Africa. They urge President Trump to allow the SEC to lift or overhaul the requirements in order to reduce U.S. reliance on China for critical minerals and limit China’s growing dominance in those supply chains.
U.S. Financial Services Committee2026-06-03
U.S. House Committee on Financial Services leaders urge Trump to revise or terminate SEC conflict minerals disclosure requirements
Leaders of the U.S. House Committee on Financial Services have written to President Donald Trump urging the Administration to revise, waive, or terminate the Securities and Exchange Commission’s conflict minerals disclosure requirements under the Dodd-Frank Act. Chairman French Hill and Vice Chairman Bill Huizenga argue the rules are ineffective, have weakened U.S. access to critical minerals, and enabled China to expand its influence over strategically important resources in Central Africa.