117 HR 9063 IH: Protect Farmers from the SEC Act
U.S. House of Representatives
2022-09-29
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I
117th CONGRESS
2d Session
H. R. 9063
IN THE HOUSE OF REPRESENTATIVES
September 29, 2022
Mr. Lucas (for himself, Mr. Rose, Mr. Austin Scott of Georgia, Mr. Estes, Mr. Rogers of Alabama, Mr. Meuser, Mr. Cole, Mr. Johnson of Ohio, Mr. Crawford, Mr. LaTurner, Mrs. Harshbarger, Mr. Bergman, Mr. Gibbs, Mr. Moore of Alabama, Mr. Baird, Mr. Mullin, Mr. Weber of Texas, Mr. Curtis, Ms. Foxx, Mrs. Bice of Oklahoma, Mr. Buck, Mr. Newhouse, Mrs. Miller of Illinois, Mr. Carter of Georgia, Mrs. Miller-Meeks, Mrs. Cammack, Mr. Mann, Mr. McClintock, Mr. Graves of Missouri, Ms. Letlow, Mr. Johnson of South Dakota, Mr. Wittman, Mr. Rouzer, Mr. Stewart, Mr. Budd, Mr. Allen, Mr. C. Scott Franklin of Florida, Mr. Guest, Mr. Westerman, Mrs. Hinson, Ms. Cheney, Mr. Murphy of North Carolina, Mr. Womack, Mr. Walberg, Mr. LaMalfa, Mr. Hudson, Mr. Pence, Mr. Pfluger, Mr. Wilson of South Carolina, Mr. Carl, Mr. Feenstra, Mrs. Kim of California, Ms. Mace, Mr. Gohmert, Mr. Stauber, Ms. Herrell, Mr. Posey, Mr. Bost, Mr. Biggs, Mr. Sessions, Mr. Fleischmann, Mr. Flood, Ms. Tenney, Mr. Carey, Mr. McKinley, Mr. Norman, Mr. Ellzey, Mr. Higgins of Louisiana, Mr. Good of Virginia, Mr. Ferguson, Mr. Bucshon, Mr. Jacobs of New York, Mr. McCaul, Mr. Lamborn, Mr. Gooden of Texas, Mr. Fulcher, Mr. Dunn, Mr. Waltz, Mr. Barr, Mr. Armstrong, Mr. Wenstrup, Mr. Tiffany, Mr. Johnson of Louisiana, Mrs. Flores, Mr. Smith of Nebraska, Mr. Brady, Mr. Cline, Mr. Nehls, Mrs. Hartzler, Mr. Rosendale, Mrs. Rodgers of Washington, Mr. Williams of Texas, Mr. Babin, Mr. Emmer, Mr. Kelly of Mississippi, Mrs. Fischbach, Mr. Tony Gonzales of Texas, Mr. Jackson, Mr. Cloud, Mr. LaHood, Mr. Finstad, and Mr. Kustoff) 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.”.