SMT, PCB Electronics Industry News

SMT, PCB Electronics Industry News

News from Association Connecting Electronics Industries (IPC)

IPC Board Chairman Steve Pudles Testifies Before Congress Urges Changes to SEC Proposed Rule on Conflict Minerals

May 10, 2012

 Steve Pudles, Chairman of the Board of IPC — Association Connecting Electronics Industries®, today testified before Congress to urge common-sense changes to the U.S. Securities and Exchange Commission (SEC) proposed rule on conflict minerals. IPC is advocating changes to the draft SEC rule implementing Section 1502 of the Dodd-Frank Act that would lessen the burden on small manufacturing companies and make it easier for companies to more efficiently and effectively comply with the regulations.

IPC supports the underlying goal of Section 1502 of the Dodd-Frank Act, which is to address the grave human rights situation in the Democratic Republic of the Congo (DRC),” testified Pudles, who is also the CEO of Spectral Response LLC, an electronics manufacturing services company located in Lawrenceville, Georgia. “However, I am concerned that the SEC’s draft regulations [that implement Section 1502] place a great burden on the private sector with too little regard for the challenges they place on small businesses and the benefits they offer the people of the DRC.

“I encourage the SEC to implement the requirements of Section 1502 in a manner that supports the goals of the statute without unduly burdening U.S. manufacturing industries or causing unnecessary disruptions of the legitimate minerals trade, which is vital to the livelihood of the people of the DRC,” said Pudles. “Sensible changes or additions to the proposed rule could dramatically mitigate the costs while maintaining the spirit of Section 1502.”

Compliance costs associated with the proposed SEC rule are significant and create additional onus for small companies already operating on slim profit margins. For example, an IPC survey of its members indicated average compliance costs could exceed $230,000 per year. An independent analysis of the costs, conducted by Tulane University, puts total compliance costs at $7.9 billion, which is more than 100 times the SEC’s estimate.

In his testimony before the House Financial Services Subcommittee on International Monetary Policy and Trade, Pudles called for some key changes to the proposed SEC rule that would ease the compliance burden on U.S. small manufacturers. Pudles recommended the inclusion of a reasonable phase-in provision to give companies time to understand the final regulations and query supply chains accordingly. He proposed the implementation of a single reporting date, so supply chain companies aren’t required to constantly respond to inquiries throughout the year. Pudles also encouraged the inclusion of an alternative approach for recycled or scrap sources in order to reduce the amount of virgin materials used in the manufacturing process.

Other IPC recommendations include reporting exemptions for products outside of the supply chain’s control; provision of a de minimis level to focus on significant uses of conflict minerals; provision of non-binding examples of due diligence; and a transitional category of

You must be a registered user to talk back to us.

More News from Association Connecting Electronics Industries (IPC)

Oct 20, 2016 -

Session 4 of IPC & SMTA's Conference to Focus on Ultra-Thin or Nanocoatings

Oct 20, 2016 -

World PCB Production in 2015 Estimated at $58.6 Billion IPC World PCB Production Report Released

Oct 20, 2016 -

Mayim Bialik Chosen as Opening Keynote at IPC APEX EXPO 2017 Industry votes to hear from actress and neuroscientist

Oct 16, 2016 -

IPC Announces New ESD Control Certification Courses on IPC EDGE

Oct 13, 2016 -

IPC & SMTA’s High-Reliability Cleaning & Conformal Coating Conference’s Session 4 to Focus on Customer Cleaning Challenges/Needs

Oct 09, 2016 -

IPC Celebrates 5th Annual Manufacturing Day

Oct 06, 2016 -

Day 3 Keynote to Address Paths to Medical Device Cleanliness

Sep 29, 2016 -

Volunteers Honored for Contributions to IPC and the Electronics Industry Seventy-Five Awards Presented at Fall Standards Development Committee Meetings

Sep 29, 2016 -

IPC and SMTA to Present High-Reliability Cleaning and Conformal Coating Conference

Sep 29, 2016 -

Third Session of the High-Rel Cleaning & Conformal Coating Conference to Focus on Conformal Coating for Class 2 and 3 Electronic Assemblies

(782) more news from Association Connecting Electronics Industries (IPC)

IPC Board Chairman Steve Pudles Testifies Before Congress Urges Changes to SEC Proposed Rule on Conflict Minerals news release has been viewed 402 times

SMT Spare Parts and Feeders

Heller Industries Mark 5获得了 2015年中国SMT远见奖 - 回焊炉领域