I 111th CONGRESS 2d Session H. R. 4934 IN THE HOUSE OF REPRESENTATIVES March 24, 2010 Mr. Posey (for himself, Mr. Price of Georgia, Mr. Hensarling, Mr. Souder, Mr. Burton of Indiana, Mr. Westmoreland, Mr. Poe of Texas, Mrs. Bachmann, Mr. Pitts, Mr. Bartlett, Mr. Gohmert, Mr. Griffith, Mr. Broun of Georgia, Mr. Bonner, Mr. Paul, Mr. Kingston, Mr. Lamborn, and Mr. Akin) introduced the following bill; which was referred to the Committee on Financial Services A BILL To prohibit the enforcement of a climate change interpretive guidance issued by the Securities and Exchange Commission, and for other purposes.

1.

Short title

This Act may be cited as the Maintaining Agency Direction on Financial Fraud Act.

2.

Interpretive Guidance null and void

Notwithstanding any other provision of law, no interpretive guidance issued by the Securities and Exchange Commission on or after the effective date of this Act relating to Commission Guidance Regarding Disclosure Related to Climate Change, affecting Parts 211, 231, and 249 of title 17, Code of Federal Regulations, (as described in Commission Release Nos. 33–9106; 34–61469; FR–82), or any successor thereto, may take effect, and such guidance shall have no force or effect with respect to any person on or after February 2, 2010.