Title: Protect Farmers from the SEC Act
Policy area: Finance and Financial Sector

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

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 5135 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 5135

To amend the Securities Exchange Act of 1934 to prohibit the Securities 
     and Exchange Commission from requiring an issuer to disclose 
information relating to certain greenhouse gas emissions, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 28, 2022

Mr. Boozman (for himself and Mr. Braun) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Securities Exchange Act of 1934 to prohibit the Securities 
     and Exchange Commission from requiring an issuer to disclose 
information relating 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 
              RELATING 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 
Relating to Certain Greenhouse Gas Emissions.--
            ``(1) Definitions.--In this subsection:
                    ``(A) Agricultural product.--The term `agricultural 
                product' has the meaning given the term in section 207 
                of the Agricultural Marketing Act of 1946 (7 U.S.C. 
                1626).
                    ``(B) Downstream activities.--The term `downstream 
                activities' includes activities that relate to 
                processing materials into a finished product and 
                delivering that product or providing a service to the 
                end user.
                    ``(C) 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.
                    ``(D) Upstream activities.--The term `upstream 
                activities' includes activities that relate to the 
                initial stages of producing a good or service.
            ``(2) Prohibition.--The Commission may not require an 
        issuer to disclose greenhouse gas emissions from upstream 
        activities or downstream activities in the value chain of the 
        issuer from the production, manufacturing, or harvesting of an 
        agricultural product.
            ``(3) Nonapplicability of exemptive authority.--Section 36 
        shall not apply to this subsection.''.
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