Bill > HR257

This bill aims to limit the Securities and Exchange Commission's (SEC) ability to mandate climate-related disclosures by companies. Specifically, the bill amends the Securities Exchange Act of 1934 to prohibit the SEC from requiring companies (referred to as "issuers") to disclose climate-related information that is not deemed "material to investors." In financial and legal terms, "material" means information that a reasonable investor would consider important in making an investment decision. The proposed legislation effectively restricts the SEC's regulatory power by preventing the agency from compelling companies to report climate-related data unless that information would directly impact an investor's understanding of the company's financial performance or risk profile. The bill, which can be referred to by its full name "Stop Environmental Calculations Act of 2025" or the shorter "SEC Act of 2025," appears to be designed to reduce what some perceive as excessive environmental reporting requirements for public companies.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/257/all-info