Congress: ban SEC climate/ESG/human-capital and Dodd-Frank social disclosures
Mandate urges Congress to prohibit SEC from requiring social/ideological/political/human-capital disclosure not material to financial returns (calling out climate rule), repeal Dodd-Frank conflict minerals/mine safety/resource extraction/CEO pay-ratio disclosures, and oppose ESG/CSR/stakeholder redefinitions of corporate purpose.
Mandate
Mandate Ch. 27 (Financial Regulatory Agencies) — Better Capital Markets: Congress should prohibit the SEC from requiring issuer disclosure of social, ideological, political, or human capital information not material to investors’ financial/economic/pecuniary risks or returns (proposed climate rule particularly problematic); repeal Dodd–Frank mandated disclosures relating to conflict minerals, mine safety, resource extraction, and CEO pay ratios; oppose efforts to redefine the purpose of business via CSR, stakeholder theory, ESG, SRI, sustainability, diversity, etc.
Undo plan
1) Preserve investor-demanded climate/human-capital risk disclosure where financially material under traditional materiality.
2) Reinstate or keep conflict-minerals and extractives transparency where Congress finds supply-chain/human-rights interests.
3) Allow voluntary ESG reporting; block only compelled ideological content unrelated to financial risk.
4) Restore 2015-style Commission guidance that consumer-welfare/materiality anchors disclosure.
5) Verify: climate rule status; presence of conflict-minerals Form SD filings.