Scope 3 Act

Bill: 117-hr-8507
Sponsor: full_name: Rep. Nehls, Troy E. [R-TX-22]
Introduced: 2022-07-26
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-07-26
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-07-26
action_desc: Introduced in House
text: <p><strong>Scope 3 Act </strong></p> <p>This bill prohibits any requirement that an issuer of securities must disclose the greenhouse gas emissions of its value chain (i.e., scope 3 emissions). </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8507 IN THE HOUSE OF REPRESENTATIVES July 26, 2022 Mr. Nehls (for himself, Mr. Vicente Gonzalez of Texas , Mr. Sessions , Mr. Cuellar , Mr. Williams of Texas , Mr. Gibbs , Mr. Weber of Texas , Mr. Crawford , Mr. Feenstra , Mr. Jackson , Mr. Ellzey , and Mr. Mann ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide that under the securities laws certain disclosures related to scope 3 greenhouse-gas emissions may not be required.

1. Short title This Act may be cited as the Scope 3 Act . 2. Scope 3 greenhouse-gas emissions disclosures Under the securities laws (as such term is defined in section 3(a)(47) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c )), an issuer may not be required to disclose or otherwise provide information with respect to the greenhouse-gas emissions or consumption of the value chain of such issuer (commonly known as Scope 3 emissions ).