Bill · H.R. 7085· House(119-HR-7085)
To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.
- Introduced
- 1/15/2026
- Last activity
- 3/19/2026 — Placed on the Union Calendar, Calendar No. 481.
- Sponsored by
- Bill Huizenga
- Cosponsors
- None
- Introduced
- On Calendar
What this bill would do
This bill aims to amend the Securities Exchange Act of 1934. The primary purpose is to repeal specific disclosure requirements that currently relate to conflict minerals. Additionally, it includes conforming amendments to the Dodd-Frank Wall Street Reform and Consumer Protection Act. This involves striking section 1502 and its corresponding item in the table of contents.
Yes
Would business owners be better off under this?+4
The repeal reduces compliance and reporting costs for companies in their supply chains.
Does this make it easier to run a small business?+3
The bill reduces regulatory burdens by repealing disclosure requirements related to conflict minerals.
The opposite
Does this better protect air, water and wildlife?-4
Repealing conflict mineral disclosures may reduce oversight regarding the environmental impact of mineral extraction.
Does this make what the government does easier for the public to see?-3
The bill reduces corporate transparency by repealing required disclosures about conflict minerals.
Does this give people more protection from unfair business practices?-3
The repeal reduces transparency regarding the sourcing of conflict minerals, which may limit consumer awareness of supply chain issues.
Who it would affect, and how
Potential Positive Impacts for People
- Removal of disclosure requirements: The bill repeals subsection (p) of section 13 of the Securities Exchange Act of 1934, which is the requirement related to conflict minerals (Section 1).
Potential Negative Impacts for People
- No specific negative impacts are listed in the provided text: The provided text focuses solely on the actions of repealing existing requirements and does not detail any negative consequences or burdens.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+4
- Environment Energy And Infrastructure
- Improves Environmental Protections-4
- Governance And Ideology
- Improves Government Transparency-3
- Economy And Finance
- Improves Small Business Support+3Improves Consumer Protection-3
- 3/19/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-560.
- Placed on the Union Calendar, Calendar No. 481.
- 1/22/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 24.
- 1/15/2026
- Referred to the House Committee on Financial Services.
- Introduced in House