Protect Farmers: Ban on Mandatory Greenhouse Gas Emissions Disclosure for Agriculture
This bill aims to prohibit the Securities and Exchange Commission (SEC) from requiring companies to disclose information about greenhouse gas emissions related to the production, manufacturing, or harvesting of agricultural products. This means agricultural companies and their partners (suppliers, processors) will not have to report emissions generated throughout their entire value chain (both before and after production). For citizens, this means less transparency regarding the environmental impact of food-producing companies, but it may reduce regulatory burdens on farmers and agricultural businesses.
Key points
The SEC is prohibited from requiring companies to disclose greenhouse gas emissions (e.g., methane, carbon dioxide) from the production, manufacturing, or harvesting of agricultural products.
The prohibition covers emissions across the entire value chain, including activities preceding production (upstream) and subsequent activities like processing and delivery (downstream).
The Act's goal is to protect farmers and agricultural businesses from new climate-related reporting requirements.
Expired
Additional Information
Print number: 118_S_391
Sponsor: Sen. Boozman, John [R-AR]
Process start date: 2023-02-13