I 

118TH CONGRESS 

1ST SESSION H. R. 1018 

To amend the Securities Exchange Act of 1934 to prohibit the Securities 

and Exchange Commission from requiring an issuer to disclose information related to certain greenhouse gas emissions, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 14, 2023 

Mr. LUCAS (for himself, Mrs. BICE, Mr. ALLEN, Mr. KELLY of Pennsylvania, 

Ms. TENNEY, Mr. AUSTIN SCOTT of Georgia, Mr. FEENSTRA, Mr. 

POSEY, Mr. NEWHOUSE, Mr. COLE, Mr. MCCLINTOCK, Mr. MOORE of 

Alabama, Mr. CRAWFORD, Mr. MANN, Mr. JOHNSON of Ohio, Mr. JOHNSON of South Dakota, Mr. KUSTOFF, Mr. MOOLENAAR, Mr. ELLZEY, Mr. 

LAMALFA, Mrs. MILLER-MEEKS, Mrs. MCCLAIN, Mr. HIGGINS of Louisiana, Mr. MEUSER, Mr. FERGUSON, Mr. ESTES, Mr. GRAVES of Missouri, Mr. FINSTAD, Mr. SMITH of Nebraska, Ms. LETLOW, Mr. BARR, 

Mrs. HINSON, Mr. DUNN of Florida, Mr. WESTERMAN, Mr. FLOOD, Mr. 

CAREY, Mr. NUNN of Iowa, Mr. COMER, Mr. LATURNER, Mr. PFLUGER, 

Mr. WEBER of Texas, Mr. JOHNSON of Louisiana, Mr. FULCHER, Mr. 

STEWART, Mr. WALBERG, Mr. LAMBORN, Mr. HUDSON, Mr. CARTER of 

Georgia, Mr. EMMER, Mr. GUEST, Mr. BAIRD, Mr. CARL, Mr. PENCE, 

Mr. STEUBE, Ms. HAGEMAN, and Mr. BISHOP of North Carolina) 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 disclose information related to certain greenhouse gas emissions, and for other purposes. 


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2 

•HR 1018 IH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Protect Farmers from 

5 the SEC Act’’. 

6 SEC. 2. PROHIBITION ON REQUIRING AN ISSUER TO DIS7 CLOSE INFORMATION RELATED TO CERTAIN 

8 GREENHOUSE GAS EMISSIONS. 

9 Section 23 of the Securities Exchange Act of 1934 

10 (15 U.S.C. 78w) is amended by adding at the end the fol11 lowing: 

12 ‘‘(e) PROHIBITION ON REQUIRING AN ISSUER TO

13 DISCLOSE INFORMATION RELATED TO CERTAIN GREEN14 HOUSE GAS EMISSIONS.— 

15 ‘‘(1) IN GENERAL.—The Commission may not 

16 require an issuer to disclose greenhouse gas emis17 sions from upstream or downstream activities in the 

18 issuer’s value chain from the production, manufac19 turing, or harvesting of an agricultural product, as 

20 defined in section 207 of the Agricultural Marketing 

21 Act of 1946 (7 U.S.C. 1626). 

22 ‘‘(2) NONAPPLICABILITY OF EXEMPTIVE AU23 THORITY.—Section 36 shall not apply to this sub24 section. 

25 ‘‘(3) DEFINITIONS.—In this subsection: 


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3 

•HR 1018 IH

1 ‘‘(A) DOWNSTREAM ACTIVITIES.—The 

2 term ‘downstream activities’ include activities 

3 that relate to processing materials into a fin4 ished product and delivering it or providing a 

5 service to the end user. 

6 ‘‘(B) GREENHOUSE GAS.—The term 

7 ‘greenhouse gas’ means— 

8 ‘‘(i) carbon dioxide; 

9 ‘‘(ii) methane; 

10 ‘‘(iii) nitrous oxide; 

11 ‘‘(iv) nitrogen trifluoride; 

12 ‘‘(v) hydrofluorocarbons; 

13 ‘‘(vi) perfluorocarbons; or 

14 ‘‘(vii) sulfur hexafluoride. 

15 ‘‘(C) UPSTREAM ACTIVITIES.—The term 

16 ‘upstream activities’ include activities that re17 late to the initial stages of producing a good or 

18 service.’’. 

Æ 


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