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Thursday
Apr072011

Investors Support California SB 861 on Blood Minerals

California Senator Corbett introduced bill SB 861, which supports the federal legislation on conflict minerals. If this bill passes, publicly traded companies will not be able to sell products to California’s government agencies unless they comply with the upcoming disclosure requirements by the Security and Exchange Commission.  

To show support for the California bill, RSN helped coordinate 28 investors with assets under management of more than $123 billion submit a letter to the senator. This letter points out the importance of disclosure and accountability of companies’ entire value chains. Investors applaud Senator Corbett for introducing this bill, which could incentivize compliance with the federal regulations.

 

 

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