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

HR7085 repeals Section 1502 of the Dodd-Frank Act, eliminating the requirement for publicly traded companies to disclose their use of conflict minerals (tin, tantalum, tungsten, and gold) sourced from the Democratic Republic of Congo or adjoining countries. This change directly reduces the administrative and auditing costs associated with supply chain due diligence and reporting for companies that use these minerals in their products. The immediate impact is a boost to the bottom line for manufacturers in the electronics and automotive sectors. The money trail for this bill is through cost savings rather than direct appropriations. Companies previously spent significant resources on auditing their supply chains, engaging third-party certifiers, and preparing detailed reports for the SEC. Eliminating these requirements translates directly into reduced operational expenses. While specific dollar amounts vary by company, the aggregate savings across the affected industries will be substantial, improving net income and free cash flow. Historically, similar regulatory relief has led to positive market reactions for the affected companies. For example, when the Trump administration signaled intentions to roll back various regulations in 2017, companies in sectors like energy and finance saw increased investor confidence due to anticipated cost reductions. While a direct repeal of Section 1502 has not occurred previously, the market generally rewards companies with reduced regulatory burdens. The original implementation of Section 1502 in 2010 led to increased compliance costs, which were absorbed by manufacturers. Specific winners include major electronics manufacturers such as Apple ($AAPL), Microsoft ($MSFT), HP Inc. ($HPQ), and Dell Technologies ($DELL), which extensively use these minerals in their products. Automotive manufacturers like Tesla ($TSLA), General Motors ($GM), Ford Motor Company ($F), and Rivian Automotive ($RIVN) also benefit significantly from reduced supply chain scrutiny and associated costs. There are no direct losers from this repeal, as the burden is removed. HR7085 is currently in the legislative process. As a bill sponsored by a Republican representative, and given the general sentiment for deregulation within certain political factions, it has a clear path to committee consideration. If it passes the House and Senate and is signed into law, the repeal takes effect immediately upon enactment, providing instant regulatory relief.