The Dodd-Frank Wall Street Reform and Consumer Protection Act is well known as legislation intended to regulate the U.S. financial market. However, its reach extends beyond Wall Street, with two provisions intended to aid the transparency of global natural resource governance, particularly conflict minerals and disclosure of payments by resource extraction issuers. These provisions have an impact far outside of financial industry regulations and can directly affect governance and corruption within the developing world.
On December 13, Global Economy and Development at Brookings and Global Witness hosted a discussion to examine these two provisions from the 2010 Dodd-Frank Act. Leading experts from civil society in the U.S. and Africa, the private sector, the financial sector and think tanks reviewed each provision and discussed their impact on transparency in the natural resource extraction sectors. Rep. Jim McDermott (D-Wash.), Brookings Senior Fellow Daniel Kaufmann and Global Witness Founding Director Simon Taylor made opening remarks. Jim Wallis, president and CEO of Sojourners, delivered the lunch keynote address. Sen. Ben Cardin (D-Md.) provided closing remarks.
After each panel, speakers took audience questions.
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Agenda
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December 13
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9:30 AM -- Opening Remarks
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Panel 1: Section 1504 - The Extractive Industries Disclosure
Bennett Freeman Senior Vice President, Calvert Asset ManagementLaurel Green Chief Advisor Policy, External AffairsIsabel Munilla Policy Lead, Extractive Industries - Oxfam America -
11:45 AM -- Lunch Keynote
Reverend Jim Wallis President and CEO -
12:30 PM -- Panel 2: Section 1502 - The Conflict Minerals Provision
Bruce Calder Vice President of Consulting ServicesCorinna Gilfillan Head of U.S. OfficeSandy Merber Counsel, International Trade Regulation and SourcingTim Mohin Director of Corporate ResponsibilityDelly Mawazo Sesete Human Rights Lawyer, Democratic Republic of the Congo -
2:30 PM -- Closing Remarks
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