Protect Farmers from the SEC Act

Hozzl · 2023-12-15T15:54:39Z

Explore the details of House Bill 1018 Protect Farmers from the SEC Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/15/2023, 3:54 PM

Summary of Bill HR 1018

Bill 118 hr 1018, also known as the Protect Farmers from the SEC Act, aims to provide relief to farmers from certain reporting requirements imposed by the Securities and Exchange Commission (SEC). The bill specifically targets the reporting requirements related to the ownership and control of agricultural land.

Under current SEC regulations, farmers are required to disclose detailed information about their ownership and control of agricultural land, including information about their financial interests and business relationships. This reporting can be burdensome for farmers, especially small and family-owned operations.

The Protect Farmers from the SEC Act seeks to alleviate this burden by exempting farmers from certain reporting requirements related to agricultural land ownership and control. The bill aims to strike a balance between the need for transparency in financial markets and the unique challenges faced by farmers in complying with SEC regulations. Supporters of the bill argue that it will help protect farmers from unnecessary regulatory burdens and allow them to focus on their core business of producing food and agricultural products. Critics, however, raise concerns about the potential impact of reduced transparency on financial markets and the ability of investors to make informed decisions. Overall, the Protect Farmers from the SEC Act is a complex piece of legislation that seeks to address the challenges faced by farmers in complying with SEC regulations while also balancing the need for transparency in financial markets. It will be important for lawmakers to carefully consider the potential implications of this bill on both farmers and investors as it moves through the legislative process.

Congressional Summary of HR 1018

Protect Farmers from the SEC Act

This bill prohibits the Securities and Exchange Commission from requiring the disclosure of greenhouse gas emissions related to agricultural products.

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Current Status of Bill HR 1018

Bill HR 1018 is currently in the status of Bill Introduced since February 14, 2023. Bill HR 1018 was introduced during Congress 118 and was introduced to the House on February 14, 2023. Bill HR 1018's most recent activity was Referred to the House Committee on Financial Services. as of February 14, 2023

Bipartisan Support of Bill HR 1018

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

136

Democrat Cosponsors

Republican Cosponsors

136

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1018

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 1018

Protect Farmers from the SEC ActProtect Farmers from the SEC ActTo amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from requiring an issuer to disclose information related to certain greenhouse gas emissions, and for other purposes.

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