# What This Bill Does

This bill would stop the Securities and Exchange Commission (the SEC, which oversees the stock market and investment companies) from requiring publicly traded companies to disclose detailed information about their climate risks and environmental impact to investors. Right now, the SEC proposed a new rule that would make companies tell investors about things like how climate change might affect their business, what greenhouse gases they produce, and what they're doing about environmental risks. This bill would block that rule from ever becoming official policy.

# Who This Affects and Why It Matters

If this bill passes, investors wouldn't get standardized climate information from companies they're thinking about investing in. Currently, climate disclosures are all over the place—some companies share a lot of environmental data, others share very little, and there's no consistent format. Supporters of this bill argue that companies shouldn't be forced to provide this information and that it's not the SEC's job to regulate climate issues. Critics counter that investors need this information to make smart decisions about where to put their money, and that without standardized rules, it's hard to compare companies fairly.

For everyday people with retirement accounts, mutual funds, or stock portfolios, this means you'd have less official information available about the environmental risks in the companies you own. Environmental advocates worry this removes pressure on corporations to address climate issues, while business groups argue it prevents unnecessary regulatory burdens on companies. The practical effect is that climate considerations in investing would remain voluntary and inconsistent rather than standardized across all public companies.

To prohibit the Securities and Exchange Commission from finalizing the proposed rule titled "The Enhancement and Standardization of Climate-Related Disclosures for Investors", and for other purposes.

Hill, J. French

 <p>This bill prohibits the Securities and Exchange Commission from finalizing the rule proposed on April 11, 2022, and titled <em>The Enhancement and Standardization of Climate-Related Disclosures for Investors</em>. The proposed rule requires registrants to disclose their climate-related risks. </p>