IN THE SENATE OF THE UNITED STATES
February 24, 2010
Mr. Barrasso introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To prohibit the enforcement of a climate change interpretive guidance issued by the Securities and Exchange Commission, and for other purposes.
This Act may be cited as the
Maintaining Agency Direction on
Financial Fraud Act.
Interpretive Guidance null and void
Notwithstanding any other
provision of law, no interpretive guidance issued by the Securities and
Exchange Commission on or after the effective date of this Act relating to
Commission Guidance Regarding Disclosure Related to Climate
Change, affecting Parts 211, 231, and 249 of title 17, Code of Federal
Regulations, (as described in Commission Release Nos. 33–9106; 34–61469;
FR–82), or any successor thereto, may take effect, and such guidance shall have
no force or effect with respect to any person on or after February 2,