Sec. 102. Findings
106 words·~1 min read·
/bill/117/hr/1187/rfs/section-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress finds the following: The Securities and Exchange Commission has broad authority to require the disclosure of information if such information is in the interest of, or is material to investors. The Commission does not require companies to disclose information related to environmental, social, and governance ( ESG ) matters, and does not require companies to adhere to standards for disclosing such information. Investors have reported that voluntary disclosures of ESG metrics are inadequate.
A rule requiring reporting and standardization of ESG disclosures is in the interest of investors. ESG matters are material to investors, and the Commission must establish standards for disclosure of such matters.