Sending Office: Posey, Bill
Sent By:
Johnathan.Sargent@mail.house.gov

 

Request for Cosponsor(s)

Dear Colleague,
I ask that you co-sponsor H.R. 3502. This bill would direct the U.S. Securities and Exchange Commission (SEC) to focus on its core mission – protecting investors, rather than diverting limited resources to issuing or enforcing dubious climate change guidance.
In early 2010, the SEC issued “interpretive guidance” for companies filing disclosures for them to disclose the impact that global climate change might have on their businesses.  The SEC pushed this controversial guidance over the objections of dissenting
commissioners.  They also did so outside of specific direction from Congress and the normal rule-making process.
There are no federal laws explicitly addressing climate change, and such guidance is inappropriate considering the SEC has far bigger priorities.  Moreover, so-called guidance today can become mandatory tomorrow, leading to costly and confusing compliance
costs for companies forced to weigh in on an unresolved and highly speculative topic.
H.R. 3502 stops the SEC from issuing or enforcing climate change guidance. Importantly, nothing in this bill would preclude companies from mentioning bona fide environmental or weather risks, or otherwise voluntarily submitting climate change information
on a disclosure.
To join as a co-sponsor of H.R. 3502, please contact Johnathan Sargent in my office at Johnathan.sargent@mail.house.gov.
Sincerely,
Bill Posey
Member of Congress
Related Legislative Issues
Selected legislative information: Consumer Affairs, Economy, Energy, Environment, Government, Judiciary, Natural Resources, Rules/Legislative Branch, Science, Small Business, Technology
Related Bill Information
Bill Type: H.R.
Bill Type: 3502
Special Note:
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