| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 257 |
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| 5 | 5 | | To amend the Securities Exchange Act of 1934 to prohibit the Securities |
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| 6 | 6 | | and Exchange Commission from requiring an issuer to make climate- |
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| 7 | 7 | | related disclosures that are not material to investors, and for other |
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| 8 | 8 | | purposes. |
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| 9 | 9 | | IN THE HOUSE OF REPRESENTATIVES |
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| 10 | 10 | | JANUARY9, 2025 |
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| 11 | 11 | | Mrs. B |
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| 12 | 12 | | ICEintroduced the following bill; which was referred to the Committee |
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| 13 | 13 | | on Financial Services |
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| 14 | 14 | | A BILL |
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| 15 | 15 | | To amend the Securities Exchange Act of 1934 to prohibit |
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| 16 | 16 | | the Securities and Exchange Commission from requiring |
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| 17 | 17 | | an issuer to make climate-related disclosures that are |
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| 18 | 18 | | not material to investors, and for other purposes. |
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| 19 | 19 | | Be it enacted by the Senate and House of Representa-1 |
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| 20 | 20 | | tives of the United States of America in Congress assembled, 2 |
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| 21 | 21 | | SECTION 1. SHORT TITLE. 3 |
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| 22 | 22 | | This Act may be cited as the ‘‘Stop Environmental 4 |
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| 23 | 23 | | Calculations Act of 2025’’ or the ‘‘SEC Act of 2025’’. 5 |
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| 24 | 24 | | VerDate Sep 11 2014 17:27 Jan 31, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H257.IH H257 |
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| 25 | 25 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 26 | 26 | | •HR 257 IH |
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| 27 | 27 | | SEC. 2. PROHIBITION ON REQUIRING AN ISSUER TO MAKE 1 |
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| 28 | 28 | | CLIMATE-RELATED DISCLOSURES THAT ARE 2 |
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| 29 | 29 | | NOT MATERIAL TO INVESTORS. 3 |
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| 30 | 30 | | Section 23 of the Securities Exchange Act of 1934 4 |
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| 31 | 31 | | (15 U.S.C. 78w) is amended by adding at the end the fol-5 |
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| 32 | 32 | | lowing: 6 |
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| 33 | 33 | | ‘‘(e) P |
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| 34 | 34 | | ROHIBITION ON REQUIRING ANISSUERTO 7 |
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| 35 | 35 | | M |
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| 36 | 36 | | AKECLIMATE-RELATEDDISCLOSURESTHATARENOT 8 |
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| 37 | 37 | | M |
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| 38 | 38 | | ATERIAL TOINVESTORS.—The Commission may not re-9 |
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| 39 | 39 | | quire an issuer to make climate-related disclosures that 10 |
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| 40 | 40 | | are not material to investors.’’. 11 |
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| 41 | 41 | | Æ |
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| 42 | 42 | | VerDate Sep 11 2014 17:27 Jan 31, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H257.IH H257 |
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| 43 | 43 | | ssavage on LAPJG3WLY3PROD with BILLS |
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