SEC Act of 2023

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 317 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 317

To amend the Securities Exchange Act of 1934 to prohibit the Securities 
   and Exchange Commission from requiring an issuer to make climate-
 related disclosures that are not material to investors, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 12, 2023

Mrs. Bice (for herself, Mr. Newhouse, Mr. Johnson of South Dakota, and 
    Mr. Carter of Georgia) introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Securities Exchange Act of 1934 to prohibit the Securities 
   and Exchange Commission from requiring an issuer to make climate-
 related disclosures that are not material to investors, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stop Environmental Calculations Act 
of 2023'' or the ``SEC Act of 2023''.

SEC. 2. PROHIBITION ON REQUIRING AN ISSUER TO MAKE CLIMATE-RELATED 
              DISCLOSURES THAT ARE NOT MATERIAL TO INVESTORS.

    Section 23 of the Securities Exchange Act of 1934 (15 U.S.C. 78w) 
is amended by adding at the end the following:
    ``(e) Prohibition on Requiring an Issuer To Make Climate-Related 
Disclosures That Are Not Material to Investors.--The Commission may not 
require an issuer to make climate-related disclosures that are not 
material to investors.''.
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