S. 1393 (112th): Maintaining Agency Direction on Financial Fraud Act

Introduced:
Jul 20, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. John Barrasso [R-WY]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on July 20, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 20, 2011
Referred to Committee Jul 20, 2011
Cosponsors
none
Committees

Senate Banking, Housing, and Urban Affairs

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to prohibit the enforcement of a climate change interpretive guidance issued by the Securities and Exchange Commission, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 20, 2011.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/20/2011--Introduced.
Maintaining Agency Direction on Financial Fraud Act - Prohibits any interpretive guidance issued by the Securities and Exchange Commission (SEC) which relates to "Commission Guidance Regarding Disclosure Related to Climate Change" from taking effect with respect to any person on or after February 2, 2010.
Prohibits the SEC from issuing interpretive guidance:
(1) with respect to disclosures related to climate change after this Act's effective date; and
(2) that would establish any requirements with respect to the content of or format for any disclosures related to climate change voluntarily submitted by any entity to the SEC after such date.
Prohibits the SEC from initiating any civil or administrative action or proceeding pertaining to disclosures related to climate change after this Act's enactment and terminates any such actions or proceedings that are pending.
Prohibits this Act from being construed to:
(1) prohibit the SEC from issuing interpretive guidance with respect to disclosures related to non-anthropogenic or natural climate variability observed over comparable time periods; or
(2) terminate an administrative action or proceeding pertaining to such disclosures.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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