Mr. Speaker, pursuant to House Resolution 1455, I call up the bill (H.R. 4790) to amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes, and ask for its immediate consideration in the House. The Clerk read the title of the bill. The SPEAKER pro tempore. Pursuant to House Resolution 1455, in lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services printed in the bill, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 118-48, modified by the amendment printed in part B of House Report 118-685, is adopted, and the bill, as amended, is considered read. The text of the bill, as amended, is as follows: H.R. 4790 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Prioritizing Economic Growth Over Woke Policies Act''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. DIVISION A--GUARDRAIL ACT OF 2023 Sec. 1001. Short title; table of contents. TITLE I--MANDATORY MATERIALITY REQUIREMENT Sec. 1101. Limitation on disclosure requirements. TITLE II--SEC JUSTIFICATION OF NON-MATERIAL DISCLOSURE MANDATES Sec. 1201. SEC justification of non-material disclosure mandates.…
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Mr. Speaker, I continue to reserve the balance of my time until the gentlewoman is prepared to close.
It is safe to say that when Congress created the Board, they intended it to operate independently and without regard to political considerations.





