WASHINGTON, D.C. (KELO.com) — Senator Mike Rounds introduced legislation to safeguard public companies from bureaucratic overreach.
The Mandatory Materiality Requirement Act would only allow the SEC to impose future disclosure requirements if the information is important for investors making decisions.
In March of 2022, the SEC issued a rule that would require any public company to disclose both its direct and indirect greenhouse gas emissions, including reporting by downstream suppliers like farmers and ranchers, even if that information isn’t relevant to investors.
