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What’s Wrong with Dodd-Frank 1502? Conflict Minerals, Civilian Livelihoods, and the Unintended Consequences of Western Advocacy- Working Paper 284

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  • Laura E. Seay

Abstract

Although its provisions have yet to be implemented, section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act is already having a profound effect on the Congolese mining sector. Nicknamed “Obama’s Law” by the Congolese, section 1502 has created a de facto ban on Congolese mineral exports, put anywhere from tens of thousands up to 2 million Congolese miners out of work in the eastern Congo, and, despite ending most of the trade in Congolese conflict minerals, done little to improve the security situation or the daily lives of most Congolese. In this report, Laura Seay traces the development of section 1502 with respect to the pursuit of a conflict minerals-based strategy by U.S. advocates, examines the effects of the legislation, and recommends new courses of action to move forward in a way that both promotes accountability and transparency and allows Congolese artisanal miners to earn a living. Length: 32 pages

Suggested Citation

  • Laura E. Seay, 2012. "What’s Wrong with Dodd-Frank 1502? Conflict Minerals, Civilian Livelihoods, and the Unintended Consequences of Western Advocacy- Working Paper 284," Working Papers 284, Center for Global Development.
    • Handle: RePEc:cgd:wpaper:284
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    File URL: http://www.cgdev.org/files/1425843_file_Seay_Dodd_Frank_FINAL.pdf
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    Cited by:

    1. William Hutchins Seitz, 2015. "Market reactions to regulations on minerals from the democratic republic of the Congo," Defence and Peace Economics, Taylor & Francis Journals, vol. 26(4), pages 425-441, August.
    2. James Cust, 2017. "The role of governance and international norms in managing natural resources," WIDER Working Paper Series 203, World Institute for Development Economic Research (UNU-WIDER).
    3. Dominic P. Parker & Jeremy D. Foltz & David Elsea, 2016. "Unintended consequences of economic sanctions for human rights: Conflict minerals and infant mortality in the Democratic Republic of the Congo," WIDER Working Paper Series 124, World Institute for Development Economic Research (UNU-WIDER).
    4. Suzanne Benn & Damien Giurco & Paul James Brown & Renu Agarwal, 2014. "Towards Responsible Steel: Preliminary Insights," Resources, MDPI, vol. 3(1), pages 1-16, March.
    5. William Seitz, 2012. "Trade Restrictions and Conflict Commodities: Market reactions to regulations on conflict minerals from the Democratic Republic of the Congo," OxCarre Working Papers 102, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    6. Jeffrey R. Bloem, 2023. "Good Intentions Gone Bad? The Dodd-Frank Act and Conflict in Africa’s Great Lakes Region," Economic Development and Cultural Change, University of Chicago Press, vol. 71(2), pages 621-666.
    7. Diemel, J.A. & Cuvelier, J., 2015. "Explaining the uneven distribution of conflict-mineral policy implementation in the Democratic Republic of the Congo: The role of the Katanga policy network (2009–2011)," Resources Policy, Elsevier, vol. 46(P2), pages 151-160.
    8. Kelly, Jocelyn T.D., 2014. "“This mine has become our farmland": Critical perspectives on the coevolution of artisanal mining and conflict in the Democratic Republic of the Congo," Resources Policy, Elsevier, vol. 40(C), pages 100-108.
    9. Fayez A. Elayan & Kareen Brown & Jennifer Li & Yijia Chen, 2021. "The Market Response to Mandatory Conflict Mineral Disclosures," Journal of Business Ethics, Springer, vol. 169(1), pages 13-42, February.
    10. Stoop, Nik & Verpoorten, Marijke & van der Windt, Peter, 2019. "Artisanal or industrial conflict minerals? Evidence from Eastern Congo," World Development, Elsevier, vol. 122(C), pages 660-674.
    11. James Cust, 2017. "The role of governance and international norms in managing natural resources," WIDER Working Paper Series wp-2017-203, World Institute for Development Economic Research (UNU-WIDER).
    12. Benjamin Rubbers, 2020. "Mining Boom, Labour Market Segmentation and Social Inequality in the Congolese Copperbelt," Development and Change, International Institute of Social Studies, vol. 51(6), pages 1555-1578, November.
    13. Gudrun Franken & Philip Schütte, 2022. "Current trends in addressing environmental and social risks in mining and mineral supply chains by regulatory and voluntary approaches," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 35(3), pages 653-671, December.
    14. HIGASHIDA Keisaku & MURAKAMI Shinsuke & SHINKUMA Takayoshi, 2022. "Effect of Trade Restrictive Provisions with Due-diligence on Bilateral Trade Flows: The case of the US regulation on conflict minerals," Discussion papers 22054, Research Institute of Economy, Trade and Industry (RIETI).
    15. Bashwira, Marie-Rose & Cuvelier, Jeroen & Hilhorst, Dorothea & van der Haar, Gemma, 2014. "Not only a man's world: Women's involvement in artisanal mining in eastern DRC," Resources Policy, Elsevier, vol. 40(C), pages 109-116.
    16. Michael Addaney & Emma Charlene Lubaale, 2021. "An Unintended Legacy: The External Policy Responses of the USA and European Union to Conflict Minerals in Africa," Laws, MDPI, vol. 10(2), pages 1-17, June.
    17. Jeffrey R. Bloem, 2019. "Good Intentions Gone Bad? The Dodd-Frank Act and Conflict in Africa’s Great Lakes Region," HiCN Working Papers 300, Households in Conflict Network.
    18. Dominic P. Parker & Jeremy D. Foltz & David Elsea, 2016. "Unintended consequences of economic sanctions for human rights: Conflict minerals and infant mortality in the Democratic Republic of the Congo," WIDER Working Paper Series wp-2016-124, World Institute for Development Economic Research (UNU-WIDER).

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