HRES 32
Supporting the current definition of materiality in the securities laws and opposing new disclosure requirements outside the core mission of the Securities and Exchange Commission.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This resolution expresses support for the existing definition of ‘materiality’ in securities laws, which determines what information companies must disclose to investors. It opposes efforts to expand the SEC’s role beyond its core mission of investor protection and market regulation, specifically pushing back against new disclosure requirements related to environmental, social, and governance (ESG) factors. The resolution argues that these expanded requirements would be costly, burdensome, and potentially harm American energy companies and capital markets.
Sponsors
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Primary sponsor
Cosponsors
Chris Stewart
Dusty [R-SD-At Large] Johnson
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