Published by AP
WASHINGTON – Congress is cracking down on companies dealing in minerals that fuel violence in Congo.
The legislation requires companies doing business in Congo and neighboring countries to disclose the origin of any minerals they trade in as specifically as possible. The requirement applies to any company listed on a U.S. stock exchange.
The legislation specifies four minerals believed to be funding the conflict, including gold and tin ore. It would give the U.S. secretary of state the ability to expand the list.
The legislation is part of a broad financial regulation bill passed Thursday. President Barack Obama is expected to sign the legislation into law in a matter of days.
U.S. officials and rights groups say armed militias in eastern Congo are forcing villagers to extract the minerals. They say profits are used to purchase weapons and extend the cycle of violence that has ravaged the region for more than a decade.
Democrat Howard Berman of California, the chairman of the House Foreign Affairs Committee, called the legislation "a vital tool for alleviating the pain and suffering experienced by the people of the Democratic Republic of the Congo.
Africa Great Lakes Democracy Watch
Welcome to Africa Great Lakes Democracy Watch Blog. Our objective is to promote the institutions of democracy,social justice,Human Rights,Peace, Freedom of Expression, and Respect to humanity in Rwanda,Uganda,DR Congo, Burundi,Sudan, Tanzania, Kenya,Ethiopia, and Somalia. We strongly believe that Africa will develop if only our presidents stop being rulers of men and become leaders of citizens. We support Breaking the Silence Campaign for DR Congo since we believe the democracy in Rwanda means peace in DRC. Follow this link to learn more about the origin of the war in both Rwanda and DR Congo:http://www.rwandadocumentsproject.net/gsdl/cgi-bin/library
Showing posts with label US Congress. Show all posts
Showing posts with label US Congress. Show all posts
Saturday, July 17, 2010
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