Protect Farmers from the SEC Act

Subjects: Finance and Financial Sector

Summary:  <p><b>Protect Farmers from the SEC Act </b></p> <p>This bill prohibits the Securities and Exchange Commission from requiring the disclosure of greenhouse gas emissions related to agricultural products.</p>

<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1018 Introduced in House (IH)]

&lt;DOC&gt;






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.

    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 ``Protect Farmers from the SEC Act''.

SEC. 2. PROHIBITION ON REQUIRING AN ISSUER TO DISCLOSE INFORMATION 
              RELATED TO CERTAIN GREENHOUSE GAS EMISSIONS.

    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 Disclose Information 
Related to Certain Greenhouse Gas Emissions.--
            ``(1) In general.--The Commission may not require an issuer 
        to disclose greenhouse gas emissions from upstream or 
        downstream activities in the issuer's value chain from the 
        production, manufacturing, or harvesting of an agricultural 
        product, as defined in section 207 of the Agricultural 
        Marketing Act of 1946 (7 U.S.C. 1626).
            ``(2) Nonapplicability of exemptive authority.--Section 36 
        shall not apply to this subsection.
            ``(3) Definitions.--In this subsection:
                    ``(A) Downstream activities.--The term `downstream 
                activities' include activities that relate to 
                processing materials into a finished product and 
                delivering it or providing a service to the end user.
                    ``(B) Greenhouse gas.--The term `greenhouse gas' 
                means--
                            ``(i) carbon dioxide;
                            ``(ii) methane;
                            ``(iii) nitrous oxide;
                            ``(iv) nitrogen trifluoride;
                            ``(v) hydrofluorocarbons;
                            ``(vi) perfluorocarbons; or
                            ``(vii) sulfur hexafluoride.
                    ``(C) Upstream activities.--The term `upstream 
                activities' include activities that relate to the 
                initial stages of producing a good or service.''.
                                 &lt;all&gt;
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