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End of mandatory climate reports for companies, if not key for investors.

This legal act aims to limit climate-related reporting requirements for companies. It means companies will not have to disclose climate data if it is not directly material to investor decisions. This could affect the availability of information on companies' environmental impact for citizens and investors.
Key points
Companies will not have to disclose climate data if it is not material to investors.
Less information on companies' environmental impact may be publicly available.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_317
Sponsor: Rep. Bice, Stephanie I. [R-OK-5]
Process start date: 2023-01-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEC Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_317.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-12.

What are the main provisions?

Key points include:

  • Companies will not have to disclose climate data if it is not material to investors.
  • Less information on companies' environmental impact may be publicly available.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bice, Stephanie I. [R-OK-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Environment