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SEC Said Poised to Make Companies Report Business With Warlords

Companies would have to disclose whether they buy metals from central African warlords under a rule the U.S. Securities and Exchange Commission is poised to adopt next month, said a person with knowledge of the agency’s deliberations.

The so-called conflict minerals rule is opposed by the two Republicans on the five-member commission, according to the person, who spoke on condition of anonymity because the discussions leading up the Aug. 22 vote are private. The rule has sparked two years of debate since the 2010 Dodd-Frank Act mandated that the SEC impose the rule, with some business groups railing against the costs of tracking thousands of suppliers through every link of a chain that leads to their source mines.