The Securities and Exchange Commission's pending climate disclosure rule is a primary example of overly-burdensome regulations done by administrative overreach.

Unfortunately, or maybe fortunately for American small businesses, Democrats have been unable to legislate their climate and social policies.

To be charitable, this aggressive stance of the chair is unprecedented. The reality is they can't get their agenda done through the legislative process, so they are just going to regulate it. So the SEC is going to continue to push the…

I appreciate the gentleman yielding time and his leadership on this. Madam Speaker, every day capital markets are under attack here with this Securities and Exchange Commission. The climate disclosure rule, which was released in March of…

I will note to the Chair that, yes, the Chair of the SEC was in front of this Full Committee in October.

I am concerned about a couple of things, unprecedented attempts by the SEC to slip drastic market changing interpretations of securities laws into otherwise routine enforcement cases.

I appreciate my colleague yielding. As we come to the floor to honor Matt, I know that Matt and his colleagues are watching right now. My colleague was able to run through the litany of his career, but I will note that, in 1987, I was just…

So, yes, we can blame the Biden Administration for some of this inflation.

If you are trying to be apolitical, that and allowing those words to stand with this mess that has been created in the economy doesn't stand.

Meanwhile, this President is flying to Saudi Arabia, and won't go to Alberta.

The SEC's own analysis will cost billions of dollars to comply, with most of that cost being passed down to hardworking Americans.

We have been on this journey for nearly 10 years, going back to the 113th Congress. While many of the Members who served with me back then no longer remain, the challenges small businesses face have not dimmed. Madam Speaker, I recognize…

I have seen a lot of discussion about investor protection, a little bit of conversation about entrepreneurship, not a whole lot, and it has been a big fat zero on the capital markets side.

Our capital markets are under attack.

I am afraid that our spending habits are putting you and all policy decision-makers in an even tighter box.

the message I keep hearing from the President and my friends on the other side of the aisle is that we need to spend even more.

Look, we all know that inflation is real. It is hitting, whether it is gas at $3.79 versus $2.74 a year ago.

I want to make sure that what we do, not just here today, but in the future--we tend to be lag indicators at the government level and with regulators rather than on that front end, and I am hoping that we do nothing to harm their…

I include in the Record the following letters, a June 14 letter from the National Association of Manufacturers, a June 15 letter from the U.S. Chamber of Commerce, and a June 16 letter from the American Securities Association, all in…

I claim the time in opposition to this amendment, although I am not opposed to it. The SPEAKER pro tempore. Without objection, the gentleman from Michigan is recognized for 5 minutes. There was no objection.

To close. Madam Speaker, this was claimed earlier by one of the authors that investors wanted this information, I believe was the quote. Well, I ask the question: If investors want this information, as claimed, then they can bring a vote…

I appreciate the goals of this amendment, and I applaud my colleague from Washington. We should be concerned about the effects of this bill and ESG reporting on small businesses, and I would say that this is a step in the right direction…

Just a point of information for the chair from California: We have one more speaker, and I will be prepared to close. Mr. Speaker, I yield 5 minutes to the gentleman from Kentucky (Mr. Barr).

I continue to support this amendment, and I am happy to accept it. Mr. Speaker, I yield back the balance of my time.

I include in the Record an article from The Wall Street Journal dated from 2018, ``California Public Employees Vote Against Pension-Fund Activism.'' [From the Wall Street Journal, Oct. 18, 2018] California Public Employees Vote Against…