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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires prohibition on requiring an issuer to make climate-related disclosures that are not material to investors Section 23 of the Securities Exchange Act of 1934 (15 U.S.C. It relies on compliance mandates. The main policy areas are Environmental Groups, Environment, and Finance.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Environmental and public health interests affected by the bill would take on compliance duties.
Key Provisions
- Requires prohibition on requiring an issuer to make climate-related disclosures that are not material to investors Section 23 of the Securities Exchange Act of 1934 (15 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires prohibition on requiring an issuer to make climate-related disclosures that are not material to investors Section 23 of the Securities Exchange Act of 1934 (15 U.S.C.
Key Policy Areas
Environmental Groups, Environment, Finance
Primary Purpose
The bill requires prohibition on requiring an issuer to make climate-related disclosures that are not material to investors Section 23 of the Securities Exchange Act of 1934 (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
Sponsors
Legislative Progress
IntroducedMrs. Bice (for herself, Mr. Newhouse, Mr. Johnson of South …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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