To amend the Securities Exchange Act of 1934 to repeal certain disclosure requirements related to conflict minerals, and for other purposes.

HR7085, introduced on January 15, 2026, and referred to the House Committee on Financial Services, aims to repeal subsection (p) of section 13 of the Securities Exchange Act of 1934 and section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill was ordered to be Reported (Amended) by the Committee on Financial Services on January 22, 2026, and subsequently reported and placed on the Union Calendar on March 19, 2026. This indicates active legislative momentum. This bill does not involve direct funding or appropriations. Instead, it provides regulatory relief by eliminating disclosure requirements related to conflict minerals. The mechanism of impact is a reduction in compliance costs and reporting burdens for companies that previously had to track and report on their use of these minerals. This directly translates to increased profitability by reducing operational overhead rather than through new revenue streams or grants. Structural winners include companies in the electronics and automotive manufacturing sectors that utilize components potentially containing conflict minerals. Specifically, $AAPL, $MSFT, $TSLA, $HPQ, $DELL, $GM, $F, and $RIVN are positioned to benefit from the elimination of these disclosure requirements. The removal of this regulatory burden improves their operational efficiency and reduces legal and administrative expenses. There are no clear losers identified by this bill, as it removes a compliance obligation rather than imposing new ones or reallocating resources. Recent market data shows mixed performance among these companies. Over the last 7 days, $AAPL is up +4.96%, $MSFT is up +3.88%, $DELL is up +5.17%, $GM is up +0.92%, $F is up +3.57%, and $RIVN is up +5.52%. However, $TSLA is down -0.69% and $HPQ is down -0.58% over the same period. Over the last 30 days, $AAPL is down -0.55%, $MSFT is down -9.2%, $TSLA is down -13%, $HPQ is down -2.07%, $GM is down -3.64%, and $F is down -5.92%, while $DELL and $RIVN are up +18.2% and +0.66% respectively. The bill's placement on the Union Calendar indicates it is ready for House floor consideration. Further legislative steps would include a House vote, potential Senate consideration, and ultimately, presidential assent.