Political Quotes

“I would urge my colleagues to support my amendment, amendment No. 133 of division D, a part of en bloc No. 5. This amendment would prohibit the SEC from implementing provisions of its proposal entitled Enhancement and Standardization of Climate- Related Disclosures for Investors that mandate disclosure of Scope 3 emissions. Scope 3 emissions include emissions from activities in an organization's supply chain. Public companies have no ownership--and little to no control--of these emissions. Recently, I led a bipartisan letter with 118 Members of Congress expressing concern about the proposed rule's impact on farmers. Mr. Chair, I include in the Record the letter. Congress of the United States, House of Representatives, Washington, DC, May 25, 2022. Hon. Gary Gensler, Chair, Securities and Exchange Commission, Washington, DC. Dear Chair Gensler: We write to express significant concerns with the impact the Securities and Exchange Commission's (SEC) proposed rule on ``Enhanced and Standardization of Climate-Related Disclosures for Investors'' will have on the agricultural community. It is our strong belief that this proposed rule, if promulgated, would be a significant and unworkable regulatory burden, and a considerable departure from the SEC's mission to protect investors, facilitate capital formation, and foster fair, orderly, and efficient markets.…”