Connecticut Senate Bill SB00666

Connecticut 2013 Regular Session

• Introduced: 1/25/13
• Refer: 1/25/13

Caption

An Act Concerning The Disclosure Of The Use Of Conflict Minerals And State Procurement And Investment.

Impact

If passed, SB00666 would fundamentally alter the procurement policies of state agencies. It would create a framework requiring companies to provide transparency regarding their supply chains, particularly concerning the use of conflict minerals. This move is intended to enhance corporate responsibility and ensure that state funds are not supporting industries linked to human rights violations in conflict zones. The requirement could lead to significant compliance costs for suppliers and may encourage a shift towards more ethically sourced materials.

Summary

Bill SB00666 addresses the disclosure of conflict minerals in the context of state procurement and investment. The proposed legislation mandates that state agencies refrain from purchasing supplies or personal services from companies that do not disclose the origin of conflict minerals, specifically those mined in the Democratic Republic of the Congo. This bill aims to align state practices with the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted to reduce the financing of armed conflict through the sale of these minerals.

Contention

The introduction of this bill has the potential to spark debates regarding the balance between ethical sourcing and the economic implications for businesses. Supporters argue that implementing these requirements fosters accountability and promotes human rights. Conversely, critics may contend that the bill could pose challenges for smaller companies that may struggle to meet the disclosure requirements, potentially limiting competition in state contracts. The concerns surrounding the implementation of such transparency measures are likely to be a focal point in discussions as the bill progresses through the legislative process.