Rep. French Hill (AR-02) today offered an amendment to improve and replace House Democrats’ H.R. 1187, the ESG Disclosure Simplification Act of 2021, a partisan, left-wing bill aimed at naming and shaming public companies.
Rep. Hill’s amendment would have replaced the underlying text of the bill and required the Securities and Exchange Commission (SEC) to conduct a study summarizing and describing any inconsistencies in the methodologies related to environment, social and governance (ESG) and climate-risk before requiring any type of disclosure from public companies.
As Rep. Hill outlined, “We could use the information my amendment calls for to craft a more thoughtful bill targeted to actual disclosure problems, to the extent those problems actually exist. Congress should not be developing legislation, nor should the SEC be writing rules, until we have this information compiled and publicly available.”
Original source can be found here.
