Protect Farmers from the SEC Act

Hozzl · 2023-12-15T16:05:55Z

Explore the details of Senate Bill 391 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, 4:05 PM

Summary of Bill S 391

Bill 118 s 391, also known as the Protect Farmers from the SEC Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to provide protections for farmers from potential overreach by the Securities and Exchange Commission (SEC).

The bill aims to address concerns that the SEC may be targeting farmers and agricultural businesses with regulations that are not relevant to their operations. It seeks to ensure that the SEC focuses on its core mission of regulating financial markets and protecting investors, rather than imposing unnecessary burdens on farmers.

Specifically, the Protect Farmers from the SEC Act includes provisions that would require the SEC to consult with the Department of Agriculture before taking any enforcement actions against farmers or agricultural businesses. This would help to ensure that any regulations imposed by the SEC are tailored to the unique needs and circumstances of the agricultural industry. Additionally, the bill includes measures to increase transparency and accountability within the SEC, such as requiring the agency to report to Congress on its enforcement activities related to farmers and agricultural businesses. Overall, the Protect Farmers from the SEC Act is aimed at safeguarding the interests of farmers and agricultural businesses by ensuring that the SEC's regulatory actions are appropriate and proportionate. It is currently under consideration in Congress and has garnered support from lawmakers who are concerned about the potential impact of SEC regulations on the agricultural industry.

Congressional Summary of S 391

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 S 391

Bill S 391 is currently in the status of Bill Introduced since February 13, 2023. Bill S 391 was introduced during Congress 118 and was introduced to the Senate on February 13, 2023. Bill S 391's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 13, 2023

Bipartisan Support of Bill S 391

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 391

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 391

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

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