H. R. 4173—842 
(A) An assessment of the effectiveness of section 13(p) 
of the Securities Exchange Act of 1934, as added by sub-
section (b), in promoting peace and security in the Demo-
cratic Republic of the Congo and adjoining countries. 
(B) A description of issues encountered by the Securi-
ties and Exchange Commission in carrying out the provi-
sions of such section 13(p). 
(C)(i) A general review of persons described in clause 
(ii) and whether information is publicly available about— 
(I) the use of conflict minerals by such persons; 
and 
(II) whether such conflict minerals originate from 
the Democratic Republic of the Congo or an adjoining 
country. 
(ii) A person is described in this clause if— 
(I) the person is not required to file reports with 
the Securities and Exchange Commission pursuant to 
section 13(p)(1)(A) of the Securities Exchange Act of 
1934, as added by subsection (b); and 
(II) 
conflict 
minerals 
are 
necessary 
to 
the 
functionality or production of a product manufactured 
by such person. 
(3) REPORT ON PRIVATE SECTOR AUDITING.—Not later than 
30 months after the date of the enactment of this Act, and 
annually thereafter, the Secretary of Commerce shall submit 
to the appropriate congressional committees a report that 
includes the following: 
(A) An assessment of the accuracy of the independent 
private sector audits and other due diligence processes 
described under section 13(p) of the Securities Exchange 
Act of 1934. 
(B) Recommendations for the processes used to carry 
out such audits, including ways to— 
(i) improve the accuracy of such audits; and 
(ii) establish standards of best practices. 
(C) A listing of all known conflict mineral processing 
facilities worldwide. 
(e) DEFINITIONS.—For purposes of this section: 
(1) ADJOINING
COUNTRY.—The term ‘‘adjoining country’’, 
with respect to the Democratic Republic of the Congo, means 
a country that shares an internationally recognized border with 
the Democratic Republic of the Congo. 
(2) APPROPRIATE CONGRESSIONAL COMMITTEES.—The term 
‘‘appropriate congressional committees’’ means— 
(A) the Committee on Appropriations, the Committee 
on Foreign Affairs, the Committee on Ways and Means, 
and the Committee on Financial Services of the House 
of Representatives; and 
(B) the Committee on Appropriations, the Committee 
on Foreign Relations, the Committee on Finance, and the 
Committee on Banking, Housing, and Urban Affairs of 
the Senate. 
(3) ARMED
GROUP.—The term ‘‘armed group’’ means an 
armed group that is identified as perpetrators of serious human 
rights abuses in the annual Country Reports on Human Rights 
Practices under sections 116(d) and 502B(b) of the Foreign 
Assistance Act of 1961 (22 U.S.C. 2151n(d) and 2304(b)) relating
H. R. 4173—843 
to the Democratic Republic of the Congo or an adjoining 
country. 
(4) CONFLICT
MINERAL.—The term ‘‘conflict mineral’’ 
means— 
(A) columbite-tantalite (coltan), cassiterite, gold, wolf-
ramite, or their derivatives; or 
(B) any other mineral or its derivatives determined 
by the Secretary of State to be financing conflict in the 
Democratic Republic of the Congo or an adjoining country. 
(5) UNDER THE CONTROL OF ARMED GROUPS.—The term 
‘‘under the control of armed groups’’ means areas within the 
Democratic Republic of the Congo or adjoining countries in 
which armed groups— 
(A) physically control mines or force labor of civilians 
to mine, transport, or sell conflict minerals; 
(B) tax, extort, or control any part of trade routes 
for conflict minerals, including the entire trade route from 
a Conflict Zone Mine to the point of export from the Demo-
cratic Republic of the Congo or an adjoining country; or 
(C) tax, extort, or control trading facilities, in whole 
or in part, including the point of export from the Democratic 
Republic of the Congo or an adjoining country. 
SEC. 1503. REPORTING REQUIREMENTS REGARDING COAL OR OTHER 
MINE SAFETY. 
(a) REPORTING MINE SAFETY INFORMATION.—Each issuer that 
is required to file reports pursuant to section 13(a) or 15(d) of 
the Securities Exchange Act of 1934 (15 U.S.C. 78m, 78o) and 
that is an operator, or that has a subsidiary that is an operator, 
of a coal or other mine shall include, in each periodic report filed 
with the Commission under the securities laws on or after the 
date of enactment of this Act, the following information for the 
time period covered by such report: 
(1) For each coal or other mine of which the issuer or 
a subsidiary of the issuer is an operator— 
(A) the total number of violations of mandatory health 
or safety standards that could significantly and substan-
tially contribute to the cause and effect of a coal or other 
mine safety or health hazard under section 104 of the 
Federal Mine Safety and Health Act of 1977 (30 U.S.C. 
814) for which the operator received a citation from the 
Mine Safety and Health Administration; 
(B) the total number of orders issued under section 
104(b) of such Act (30 U.S.C. 814(b)); 
(C) the total number of citations and orders for 
unwarrantable failure of the mine operator to comply with 
mandatory health or safety standards under section 104(d) 
of such Act (30 U.S.C. 814(d)); 
(D) the total number of flagrant violations under sec-
tion 110(b)(2) of such Act (30 U.S.C. 820(b)(2)); 
(E) the total number of imminent danger orders issued 
under section 107(a) of such Act (30 U.S.C. 817(a)); 
(F) the total dollar value of proposed assessments from 
the Mine Safety and Health Administration under such 
Act (30 U.S.C. 801 et seq.); and 
(G) the total number of mining-related fatalities.
H. R. 4173—844 
(2) A list of such coal or other mines, of which the issuer 
or a subsidiary of the issuer is an operator, that receive written 
notice from the Mine Safety and Health Administration of— 
(A) a pattern of violations of mandatory health or 
safety standards that are of such nature as could have 
significantly and substantially contributed to the cause 
and effect of coal or other mine health or safety hazards 
under section 104(e) of such Act (30 U.S.C. 814(e)); or 
(B) the potential to have such a pattern. 
(3) Any pending legal action before the Federal Mine Safety 
and Health Review Commission involving such coal or other 
mine. 
(b) REPORTING SHUTDOWNS AND PATTERNS OF VIOLATIONS.— 
Beginning on and after the date of enactment of this Act, each 
issuer that is an operator, or that has a subsidiary that is an 
operator, of a coal or other mine shall file a current report with 
the Commission on Form 8–K (or any successor form) disclosing 
the following regarding each coal or other mine of which the issuer 
or subsidiary is an operator: 
(1) The receipt of an imminent danger order issued under 
section 107(a) of the Federal Mine Safety and Health Act of 
1977 (30 U.S.C. 817(a)). 
(2) The receipt of written notice from the Mine Safety 
and Health Administration that the coal or other mine has— 
(A) a pattern of violations of mandatory health or 
safety standards that are of such nature as could have 
significantly and substantially contributed to the cause 
and effect of coal or other mine health or safety hazards 
under section 104(e) of such Act (30 U.S.C. 814(e)); or 
(B) the potential to have such a pattern. 
(c) RULE OF CONSTRUCTION.—Nothing in this section shall be 
construed to affect any obligation of a person to make a disclosure 
under any other applicable law in effect before, on, or after the 
date of enactment of this Act. 
(d) COMMISSION AUTHORITY.— 
(1) ENFORCEMENT.—A violation by any person of this sec-
tion, or any rule or regulation of the Commission issued under 
this section, shall be treated for all purposes in the same 
manner as a violation of the Securities Exchange Act of 1934 
(15 U.S.C. 78a et seq.) or the rules and regulations issued 
thereunder, consistent with the provisions of this section, and 
any such person shall be subject to the same penalties, and 
to the same extent, as for a violation of such Act or the rules 
or regulations issued thereunder. 
(2) RULES AND REGULATIONS.—The Commission is author-
ized to issue such rules or regulations as are necessary or 
appropriate for the protection of investors and to carry out 
the purposes of this section. 
(e) DEFINITIONS.—In this section— 
(1) the terms ‘‘issuer’’ and ‘‘securities laws’’ have the 
meaning given the terms in section 3 of the Securities Exchange 
Act of 1934 (15 U.S.C. 78c); 
(2) the term ‘‘coal or other mine’’ means a coal or other 
mine, as defined in section 3 of the Federal Mine Safety and 
Health Act of 1977 (30 U.S.C. 802), that is subject to the 
provisions of such Act (30 U.S.C. 801 et seq.); and
H. R. 4173—845 
(3) the term ‘‘operator’’ has the meaning given the term 
in section 3 of the Federal Mine Safety and Health Act of 
1977 (30 U.S.C. 802). 
(f) EFFECTIVE DATE.—This section shall take effect on the day 
that is 30 days after the date of enactment of this Act. 
SEC. 1504. DISCLOSURE OF PAYMENTS BY RESOURCE EXTRACTION 
ISSUERS. 
Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. 
78m), as amended by this Act, is amended by adding at the end 
the following: 
‘‘(q) DISCLOSURE
OF
PAYMENTS
BY
RESOURCE
EXTRACTION 
ISSUERS.— 
‘‘(1) DEFINITIONS.—In this subsection— 
‘‘(A) the term ‘commercial development of oil, natural 
gas, or minerals’ includes exploration, extraction, proc-
essing, export, and other significant actions relating to 
oil, natural gas, or minerals, or the acquisition of a license 
for any such activity, as determined by the Commission; 
‘‘(B) the term ‘foreign government’ means a foreign 
government, a department, agency, or instrumentality of 
a foreign government, or a company owned by a foreign 
government, as determined by the Commission; 
‘‘(C) the term ‘payment’— 
‘‘(i) means a payment that is— 
‘‘(I) made to further the commercial develop-
ment of oil, natural gas, or minerals; and 
‘‘(II) not de minimis; and 
‘‘(ii) includes taxes, royalties, fees (including 
license fees), production entitlements, bonuses, and 
other material benefits, that the Commission, con-
sistent with the guidelines of the Extractive Industries 
Transparency Initiative (to the extent practicable), 
determines are part of the commonly recognized rev-
enue stream for the commercial development of oil, 
natural gas, or minerals; 
‘‘(D) the term ‘resource extraction issuer’ means an 
issuer that— 
‘‘(i) is required to file an annual report with the 
Commission; and 
‘‘(ii) engages in the commercial development of 
oil, natural gas, or minerals; 
‘‘(E) the term ‘interactive data format’ means an elec-
tronic data format in which pieces of information are identi-
fied using an interactive data standard; and 
‘‘(F) the term ‘interactive data standard’ means 
standardized list of electronic tags that mark information 
included in the annual report of a resource extraction 
issuer. 
‘‘(2) DISCLOSURE.— 
‘‘(A) INFORMATION REQUIRED.—Not later than 270 days 
after the date of enactment of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act, the Commission 
shall issue final rules that require each resource extraction 
issuer to include in an annual report of the resource extrac-
tion issuer information relating to any payment made by 
the resource extraction issuer, a subsidiary of the resource
H. R. 4173—846 
extraction issuer, or an entity under the control of the 
resource extraction issuer to a foreign government or the 
Federal Government for the purpose of the commercial 
development of oil, natural gas, or minerals, including— 
‘‘(i) the type and total amount of such payments 
made for each project of the resource extraction issuer 
relating to the commercial development of oil, natural 
gas, or minerals; and 
‘‘(ii) the type and total amount of such payments 
made to each government. 
‘‘(B) CONSULTATION IN RULEMAKING.—In issuing rules 
under subparagraph (A), the Commission may consult with 
any agency or entity that the Commission determines is 
relevant. 
‘‘(C) INTERACTIVE
DATA
FORMAT.—The rules issued 
under subparagraph (A) shall require that the information 
included in the annual report of a resource extraction issuer 
be submitted in an interactive data format. 
‘‘(D) INTERACTIVE DATA STANDARD.— 
‘‘(i) IN GENERAL.—The rules issued under subpara-
graph (A) shall establish an interactive data standard 
for the information included in the annual report of 
a resource extraction issuer. 
‘‘(ii) ELECTRONIC
TAGS.—The interactive data 
standard shall include electronic tags that identify, 
for any payments made by a resource extraction issuer 
to a foreign government or the Federal Government— 
‘‘(I) the total amounts of the payments, by 
category; 
‘‘(II) the currency used to make the payments; 
‘‘(III) the financial period in which the pay-
ments were made; 
‘‘(IV) the business segment of the resource 
extraction issuer that made the payments; 
‘‘(V) the government that received the pay-
ments, and the country in which the government 
is located; 
‘‘(VI) the project of the resource extraction 
issuer to which the payments relate; and 
‘‘(VII) such other information as the Commis-
sion may determine is necessary or appropriate 
in the public interest or for the protection of inves-
tors. 
‘‘(E) INTERNATIONAL TRANSPARENCY EFFORTS.—To the 
extent practicable, the rules issued under subparagraph 
(A) shall support the commitment of the Federal Govern-
ment to international transparency promotion efforts 
relating to the commercial development of oil, natural gas, 
or minerals. 
‘‘(F) EFFECTIVE DATE.—With respect to each resource 
extraction issuer, the final rules issued under subparagraph 
(A) shall take effect on the date on which the resource 
extraction issuer is required to submit an annual report 
relating to the fiscal year of the resource extraction issuer 
that ends not earlier than 1 year after the date on which 
the Commission issues final rules under subparagraph (A). 
‘‘(3) PUBLIC AVAILABILITY OF INFORMATION.—
H. R. 4173—847 
‘‘(A) IN
GENERAL.—To the extent practicable, the 
Commission shall make available online, to the public, 
a compilation of the information required to be submitted 
under the rules issued under paragraph (2)(A). 
‘‘(B) OTHER INFORMATION.—Nothing in this paragraph 
shall require the Commission to make available online 
information other than the information required to be sub-
mitted under the rules issued under paragraph (2)(A). 
‘‘(4) 
AUTHORIZATION
OF
APPROPRIATIONS.—There 
are 
authorized to be appropriated to the Commission such sums 
as may be necessary to carry out this subsection.’’. 
SEC. 1505. STUDY BY THE COMPTROLLER GENERAL. 
(a) IN GENERAL.—Not later than 1 year after the date of enact-
ment of this Act, the Comptroller General of the United States 
shall issue a report assessing the relative independence, effective-
ness, and expertise of presidentially appointed inspectors general 
and inspectors general of designated Federal entities, as such term 
is defined under section 8G of the Inspector General Act of 1978, 
and the effects on independence of the amendments to the Inspector 
General Act of 1978 made by this Act. 
(b) REPORT.—The report required by subsection (a) shall be 
issued to the Committees on Financial Services and Oversight and 
Government Reform of the House of Representatives and the 
Committees on Banking, Housing, and Urban Affairs and Homeland 
Security and Governmental Affairs of the Senate. 
SEC. 1506. STUDY ON CORE DEPOSITS AND BROKERED DEPOSITS. 
(a) STUDY.—The Corporation shall conduct a study to 
evaluate— 
(1) the definition of core deposits for the purpose of calcu-
lating the insurance premiums of banks; 
(2) the potential impact on the Deposit Insurance Fund 
of revising the definitions of brokered deposits and core deposits 
to better distinguish between them; 
(3) an assessment of the differences between core deposits 
and brokered deposits and their role in the economy and 
banking sector of the United States; 
(4) the potential stimulative effect on local economies of 
redefining core deposits; and 
(5) the competitive parity between large institutions and 
community banks that could result from redefining core 
deposits. 
(b) REPORT TO CONGRESS.—Not later than 1 year after the 
date of enactment of this Act, the Corporation shall submit to 
the Committee on Banking, Housing, and Urban Affairs of the 
Senate and the Committee on Financial Services of the House 
of Representatives a report on the results of the study under sub-
section (a) that includes legislative recommendations, if any, to 
address concerns arising in connection with the definitions of core 
deposits and brokered deposits.
H. R. 4173—848 
TITLE XVI—SECTION 1256 CONTRACTS 
SEC. 1601. CERTAIN SWAPS, ETC., NOT TREATED AS SECTION 1256 CON-
TRACTS. 
(a) IN GENERAL.—Subsection (b) of section 1256 of the Internal 
Revenue Code of 1986 is amended— 
(1) by redesignating paragraphs (1) through (5) as subpara-
graphs (A) through (E), respectively, and by indenting such 
subparagraphs (as so redesignated) accordingly, 
(2) by striking ‘‘For purposes of’’ and inserting the following: 
‘‘(1) IN GENERAL.—For purposes of’’, and 
(3) by striking the last sentence and inserting the following 
new paragraph: 
‘‘(2) EXCEPTIONS.—The term ‘section 1256 contract’ shall 
not include— 
‘‘(A) any securities futures contract or option on such 
a contract unless such contract or option is a dealer securi-
ties futures contract, or 
‘‘(B) any interest rate swap, currency swap, basis swap, 
interest rate cap, interest rate floor, commodity swap, 
equity swap, equity index swap, credit default swap, or 
similar agreement.’’. 
(b) EFFECTIVE DATE.—The amendments made by this section 
shall apply to taxable years beginning after the date of the enact-
ment of this Act. 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.