I
118THCONGRESS
1
STSESSION H. R. 317
To amend the Securities Exchange Act of 1934 to prohibit the Securities
and Exchange Commission from requiring an issuer to make climate-
related disclosures that are not material to investors, and for other
purposes.
IN THE HOUSE OF REPRESENTATIVES
JANUARY12, 2023
Mrs. B
ICE(for herself, Mr. NEWHOUSE, Mr. JOHNSONof South Dakota, and
Mr. C
ARTERof Georgia) 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 make climate-related disclosures that are
not material to investors, and for other purposes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Stop Environmental 4
Calculations Act of 2023’’ or the ‘‘SEC Act of 2023’’. 5
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•HR 317 IH
SEC. 2. PROHIBITION ON REQUIRING AN ISSUER TO MAKE 1
CLIMATE-RELATED DISCLOSURES THAT ARE 2
NOT MATERIAL TO INVESTORS. 3
Section 23 of the Securities Exchange Act of 1934 4
(15 U.S.C. 78w) is amended by adding at the end the fol-5
lowing: 6
‘‘(e) P
ROHIBITION ON REQUIRING ANISSUERTO 7
M
AKECLIMATE-RELATEDDISCLOSURESTHATARENOT 8
M
ATERIAL TOINVESTORS.—The Commission may not re-9
quire an issuer to make climate-related disclosures that 10
are not material to investors.’’. 11
Æ
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