H.R. 1018 — Introduced in House

I 118th CONGRESS 1st Session H. R. 1018 IN THE HOUSE OF REPRESENTATIVES February 14, 2023Mr. 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. 1. Short title This Act may be cited as the Protect Farmers from the SEC Act. 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. .