On August 22nd, the SEC adopted new rules implementing the Dodd-Frank Act's conflict minerals disclosure requirements. The rules require companies to publicly disclose their use of conflict minerals that originated in the Democratic Republic of the Congo or an adjoining country. SEC Press Release. See also Paredes Dissent; Gallagher Dissent. On August 23rd, the Huffington Post reported large retailers will likely be exempted from significant aspects of the new rules. Exemptions. On August 24th, Corporate Counsel discussed the process in-house lawyers should take when evaluating whether the rule applies to their company. Applicability.