Auto industry preps for conflict mineral rule's compliance costs

09/25/2013 | Automotive News (free content)

The auto industry is bracing for the costs associated with a Dodd-Frank rule that requires them to report if so-called conflict minerals are used in production. The SEC calculates the initial compliance costs at $3 billion to $4 billion, with ongoing compliance running between $206 million and $609 million. Critics of the rule say costs will be much higher.

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